£20m pledged in plans for Liverpool from Bruntwood

Bruntwood has committed to go ahead with development schemes across Liverpool’s commercial district in 2015, set to total almost £20m.

At present, family-owned Bruntwood is undertaking a £5m programme of upgrades across its nine properties in the quarter mile area, as part of Liverpool’s MIPIM delegation.  This is in addition to several major projects at various sites including The Plaza, Cotton Quarter and Queen Insurance Buildings.

Over £3m is being spent at The Plaza to redevelop its third and fourth floors, including bringing the former plant floor back into use as workspace, and create a brand new business lounge. The success of this work so far has allowed the building to reach more than 90% capacity.

Work is continuing on the £2m redevelopment of the Cotton Quarter, including the introduction of several innovative creative workspaces and high-speed internet connectivity at Cotton Exchange.  This is as well as a complete refurbishment and facelift for Cotton House; also due to receive an additional restaurant investment of up to £1m.

Meanwhile, separate developments amounting to £4m continuing swiftly at the historic Queen Insurance Buildings on Castle Street; to deliver a CAU restaurant and a new hotel operated by Tune Hotels, complemented by significant refurbishment of the adjacent 24 Queen Avenue.

Later this year, Orleans House on Edmund Street is scheduled to undergo a £5m overhaul, with details of the work to be revealed in the coming months, while Oriel Chambers and Covent Garden are also in line to receive a joint investment of almost £2.5m in 2015.

Colin Sinclair, director of property marketing at Bruntwood, said:

“We are reaffirming our faith in Liverpool’s bright future by committing to a multimillion pound upgrade of our stock in the heart of the commercial district this year.

“A number of headline schemes are forging ahead and will ultimately provide a real boost to the city’s commercial offer and a catalyst for its continued economic growth.

“From unique creative spaces and super fast connectivity to stunning roof gardens and groundbreaking leisure facilities, we are determined to ensure our properties are central to Liverpool’s continued resurgence.”

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