Property agency Mason Owen has secured a deal to asset manage the Echo Place mixed-used development at the former Liverpool Echo headquarters. Tony McDonough reports
Liverpool property agency Mason Owen has secured a deal to manage the city’s multi-million pound Echo Place mixed-used development.
Formerly the headquarters of the Liverpool Post & Echo, the building is being transformed into a new office and retail development with a 207-bed hotel, INNSiDE Liverpool, former City Tower. It will include a new Gino D’Acampo restaurant and Sky Bar.
Mason Owen’s 20-strong property management team will asset manage the development overseen by the firm’s director of asset management, Mark Williams. It will also be retained as letting agents on the ground floor commercial units.
Echo publisher Reach sold a portion of the freehold interest in the building, which had previously housed the paper’s printing presses, for £6.6m in 2018. It entered into a joint venture with Dubai-based Select Group to redevelop the site.
Sony Interactive are set to relocate 500 staff from Wavertree Technology Park who will occupy three floors of the former newspaper building. Mr Williams said: “Echo Place is set to become a brilliant reimagining of an important and historic Liverpool institution.
“We are delighted to manage what will become an excellent asset for the city – grade A office space, as well as leisure and retail, in arguably one of the best locations, within easy reach of the city and waterfront.”
Echo Place is one of more than 60 Liverpool city region properties managed by the Mason Owen team. This figure is expanding over the short to medium term with an additional focus on Manchester and across the North West region.
Allie Bainbridge, associate partner within the retail/leisure agency team at Mason Owen. added: “We are excited to be working on Echo Place, which will provide prominent commercial units suitable for a variety of uses within the heart of Liverpool’s commercial district.”