Property demand set to drive Liverpool law firm expansion
After advising on £105m of property transactions in 18 months Liverpool law firm Gregory Abrams Davidson says growing demand will see its team expand. Tony McDonough reports
Liverpool law firm Gregory Abrams Davidson (GAD) is looking to expand its property department after advising on £105m worth of transactions in the past 18 months.
GAD, which has a turnover of £4m and offices in Liverpool and London, says demand for its services due to demand from developers means it will need to recruit more experts in both commercial and residential property.
Its says demand for its services has come mainly from the Liverpool city region, where its property team is advising social housing and private sector property development clients on residential developments that will see 956 units being brought to the market.
The team is also witnessing a marked increase in clients looking to occupy retail and leisure units. The most recent is On the Green, which is a 4,700 sq ft golf simulation concept at Grosvenor’s Liverpool One retail complex.
Mark Alexander, head of commercial real estate, said: “For a brief period, the pandemic put a pause on activity in the marketplace, but Liverpool’s property market is certainly very buoyant, and we have a very active pipeline that stretches well into 2022.
“Alongside Peel’s £5bn Liverpool Waters development, Everton’s plans for its new £500m stadium will help the city position itself internationally as providing attractive investment opportunities especially with Manchester possibly reaching saturation level.
“More recently, we have seen a marked increase in demand for clients looking to secure retail or leisure units. It’s pleasing to see, and it shows confidence is growing among retail and leisure operators now that we are seeing a gradual return of consumers back on the high street and in hospitality venues.”