The redevelopment of Bristol’s iconic Canons Wharf waterfront estate has taken a major step forward after securing a £74 million development loan from Puma Property Finance. The funding will support a joint venture between Mactaggart Family & Partners (MF&P) and Kinrise to transform the former Lloyds Banking Group headquarters into a modern mixed-use destination.
The scheme will deliver 165,000 sq ft of office space across two buildings with views over the Harbourside, alongside 18,000 sq ft of food and beverage outlets overlooking the Amphitheatre, a popular public space that hosts events year-round. Amenities will include a gym, saunas, an auditorium, rooftop pavilion, gardens, and terraces, creating a vibrant environment for work and leisure.
Work on the redevelopment is expected to start in summer 2026, with practical completion scheduled for late 2027. The loan represents Puma Property Finance’s largest to date and marks the firm’s first transaction in Bristol, acting through Colliers Debt Advisory for the joint venture.
William Laxton, CEO of Mactaggart Family & Partners, said: “Canons Wharf will be a market defining scheme that rewards us for our conviction during a challenging time for the UK office sector. We are grateful for the trust the Puma team have placed in our JV with Kinrise and really proud to be delivering this project into one of the most exciting occupier markets in the country.”
George Aberdeen, managing partner at Kinrise, added: “Canons Wharf has the scale and architectural prominence to be Bristol’s leading office building. We look forward to it being full of thriving people, growing companies, life and soul. This is the perfect project to bring out the best of our complementary skills.”
Rahul Malde, director at Puma Property Finance, said: “We are proud to support MF&P and Kinrise on the redevelopment of Canons Wharf, a landmark project that will set new standards for sustainable office development in Bristol. This iconic scheme overlooking the Bristol Harbourside and Amphitheatre exemplifies our commitment to working with experienced sponsors and delivering best-in-class product in underserved markets.”
The redevelopment promises to transform a long-vacant site into a lively mixed-use campus, combining workspace, dining, and public amenities, and marking a major boost for Bristol’s Harbourside regeneration.
