Renewable energy developer Green Switch Capital signs 10-year lease on a 10,874 sq ft office space in Liverpool city centre to accommodate its expansion. Tony McDonough reports
A firm that helps landowners to install renewable energy systems is taking 10,874 sq ft of office space in Liverpool city centre to accommodate its rapid expansion.
Green Switch Capital (GSW) has already facilitated investment into solar, wind and battery projects worth a combined £350m across the UK. With the push to net zero now accelerating the firm is enjoying significant growth.
In late 2021 it took a 2,250 sq ft suite on the 4th floor of Exchange Station, a 193,000 sq ft office complex in Tithebarn Street. For 150 years until 1977 the site was the location of a major mainline railway station.
Now, due to its rapid growth, GSWis taking a 10-year lease on a bigger space on the fifth floor of the building. Avison Young acted as joint letting agent on the deal with Hitchcock Wright on behalf of Landlord CEG.
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Ian Steele, principal at Avison Young’s Liverpool office, said: “With the lack of Grade A stock in the market this has provided further opportunities for high quality refurbished buildings such as Exchange Station that offer enhanced tenant amenity and facilities to both attract and retain good quality tenants.”
Alex Goode of CEG , added: “We are delighted to welcome Green Switch Capital to the thriving business community within Exchange Station.
“The outstanding environmental credentials of the space, fantastic facilities and contemporary and healthy working environment attracted the company to this fantastic development and I’m sure the team will thrive here.”
On its website GSW says: “We are a leading expert at developing, building, funding and operating renewable energy projects.
“We work with farmers and landowners to unlock the lease value of their land, giving them a predictable, guaranteed income for the entire lifecycle of the project. We are always looking for new sites and new opportunities.”