Bevan Brittan has advised Bristol's Watershed on the £6.4m purchase of its home in two former dockside warehouses, in a deal which gives it long-term financial stability and secures Bristol as one of the most creative cities in Europe.

The E and W Sheds have been bought from the JT Group with assistance from the South West Regional Development Agency (SWRDA) and its current location will turn it into landlord to a number of bars including The River, E Shed and Chicago Rock Cafe which will create an annual income of around £300,000.

Opening in 1982, Watershed was Britain’s first media centre; promoting creative arts, particularly film and photography, hosting courses, talks and making facilities available to individuals and community groups.

Derrick Price, chair of Watershed said: "We are delighted to have reached an agreement to buy the building that will enable us to develop a sustainable future. Watershed is the gateway to Bristol’s Harbourside and has immense cultural potential as the pace of dockside development and digital convergence accelerates."

Caroline Taylor, property and planning partner at Bevan Brittan said: "The team was proud to work on such a significant project to both the development of Bristol's city centre and its arts community.”

For more information visit: www.watershed.co.uk

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