PADI makes a splash as it chooses Bristol for a new European Headquarters

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19 December 2012

National property consultant, GL Hearn, has acted on behalf of the Professional Association of Diving Instructors (PADI), to negotiate a pre-let which will see PADI establish a new European Headquarters at The Pavilions office complex in Bristol.

PADI has taken the 20,000 sq ft Pavilion 1 on a 15 year lease and will relocate in January 2013 following a comprehensive fit-out programme, on which GL Hearn is providing a supervisory role.

As part of this relocation process, GL Hearn has also negotiated terms to relocate PADI’s warehouse facility to Liberty Park in Bristol. This extensively refurbished facility comprises 16,482 sq ft also on a 15 year lease term. GL Hearn’s remit for PADI has also included dealing with dilapidations on its existing office and warehouse premises. On the decision to move to The Pavilions, Neil Fishburne, Vice President of Finance & Operations at PADI, commented: “We are delighted to have secured accommodation at The Pavilions. Upon completion of the works, The Pavilions will provide a range of amenities that can only assist in attracting and retaining high calibre staff.”

Bill Russell of GL Hearn, who advised PADI on the deal, added: “PADI’s expectations for the new premises were of the highest standard and we worked closely with them to identify a range of options that met their strict budgetary requirements. The Pavilions was the clear choice and will provide PADI with a vibrant and attractive environment for their new European Headquarters.”

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PADI’s expectations for the new premises were of the highest standard and we worked closely with them to identify a range of options that met their strict budgetary requirements. The Pavilions was the clear choice and will provide PADI with a vibrant and attractive environment for their new European Headquarters
Bill Russell
Director

GL Hearn

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