One of Liverpool’s biggest commercial property owners, Bruntwood, cuts annual pre-tax losses from almost £74m last year to £12.9m in its latest accounts as it hails a ‘strong underlying performance’. Tony McDonough reports
Property investor and developer Bruntwood has hailed the “resilience of its core town centre portfolios” as it reveals its latest financial results.
Bruntwood, which is one of the biggest owners of commercial property in Liverpool, revealed its figures for the 12 months to September 30, 2025. They show the value of its properties and joint ventures is £1.9bn, up from £1.8bn last year.
Standout figure was the pre-tax loss of £12.9m which is a huge improvement on the £73.7m in the previous year. Bruntwood said the loss largely reflects a £21.5m share of joint venture losses and development lockdowns.
In Liverpool Bruntwood owns The Plaza and Cotton Exchange office buildings in the commercial district. It is also a partner in Sciontec which operates Liverpool Science Park, The Spine and has ambitions for further development in the Knowledge Quarter.
It has also completed a refurbishment of Exchange Court on the corner of Dale Street and Exchange Flags. Formerly home to the Royal Bank of Scotland, the premises will shortly be home to Permit Room Liverpool, a new food and drink venue.
During the accounting period Bruntwood also completed the refinancing of its club bank facility for its Bruntwood Places portfolio with Santander, HSBC, NatWest and Barclays in February, extending the facility by £90m and 12 months.
Chris Oglesby, chief executive of Bruntwood and Bruntwood SciTech, said: “2025 has been a pivotal year for Bruntwood, characterised by strong operational execution and strategic investments positioning us for sustainable long-term growth.
“Despite navigating a complex global economic landscape, our core business units have demonstrated resilience and adaptability.
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“In the office sector, it has been a tale of two halves. While capital markets have faced significant headwinds with yield-driven valuation reductions of around 35% across the wider market over the last two-and-a-half years, occupational markets have been incredibly strong.
“Rental growth is at levels I haven’t seen in my 35 years working across our city regions, and businesses increasingly recognise the value of quality workspace in driving productivity.”