155,000 sq ft property in Chapel Street in the heart of the city’s business district, was acquired last year by Canmoor on behalf of British Airways Pension Trustees for just under £20m. Tony McDonough reports.
One of Liverpool’s most prominent office buildings – 20 Chapel Street – is undergoing a £3m refurbishment.
The 155,000 sq ft property in Chapel Street in the heart of the city’s business district, was acquired last year by Canmoor on behalf of British Airways Pension Trustees for just under £20m.
Tenants include Liverpool Football Club and banking giant Barclays.
Canmoor has taken back space from ground floor medical tenant Joints and Points to make way for a significant expansion of the reception area.
The 1,300 sq ft expansion of the space will enable the newly consented café to be integrated into the entrance lobby to enhance the visibility and profile befitting a building of this stature, as well as creating a ‘break out’ amenity for tenants.
The café operator is expected to be announced shortly.
The remodelled reception layout, which is due to complete in June, will also accommodate security turnstiles, additional formal reception seating and a new front of house desk facility.
Further improvements are also being made to refurbish vacant floors and common areas throughout the 15-storey building, including the toilets and lift lobbies.-The refurbishment works are being carried out by Cheshire based contractor, Preferred Spaces.
Sam Walker, director at Canmoor, said: “When we acquired 20 Chapel Street last year we committed to investing in the building, which is one of the most iconic buildings on Liverpool’s skyline.
“As we expected, demand for high quality office space in the city remains high and we have received significant interest in the available space.
“We currently have a number of deals in the pipeline and in excess of 30,000 sq ft under offer and we will be able to announce new tenants shortly.”
Worthington Owen is the sole letting agent on the scheme.