Osborne Clarke advises Puma Property Finance on £74m redevelopment of Canons Wharf in Bristol

Osborne Clarke has advised Puma Property Finance on a £74 million development loan for a joint venture between Mactaggart Family & Partners and Kinrise for the redevelopment of Canons Wharf, a Grade II listed waterfront estate in Bristol city centre.

The scheme will deliver 165,000 sq. ft. of flexible office space across two Harbourside buildings and 18,000 sq. ft. of food and beverage space overlooking the Bristol Amphitheatre. Amenities will include a gym, saunas, auditorium, rooftop pavilion, gardens, and terraces, with each building capable of functioning as either a single corporate headquarters or a multi-let campus.

“Puma’s funding of the Canons Wharf redevelopment is a flagship transaction for Bristol’s office market and for sustainable real estate more broadly. The project will transform a landmark waterfront site into a best-in-class, future-fit workspace, with low‑carbon retrofit and occupier wellbeing at its core. Advising Puma on its largest loan to date and its first in Bristol underlines both the strength of our real estate finance offering and our commitment to sustainable development in the city.”

Andrew Parsons, Partner, Osborne Clarke

The Osborne Clarke team advising Puma Property Finance was led by banking Partner Andrew Parsons. Partner Rebecca Tuffs advised on real estate matters, Legal Director Allie Tuck on tax, and Partner Philip Davies and Senior Associate Thomasina Pantelides on construction.

Osborne Clarke’s real estate finance team advises lenders and sponsors on domestic and cross-border financings, across all asset classes and levels of the capital stack.