Despite the tough climate for city centre offices CBRE in Liverpool has secured six tenants, including a cafe bar operator, at the world famous Royal Liver Building on Liverpool waterfront. Tony McDonough reports
Six new business tenants are taking up residence at Liverpool’s Royal Liver Building with agents securing a raft of deals despite the tough climate for city centre offices.
Corestate Capital Purpose acquired the world famous waterfront landmark, one of the Three Graces, from Royal Liver Assurance Group in February 2017 in a £48m deal. It was opened in 1911 as Royal Liver’s purpose-build headquarters.
Since the sale, Corestate has embarked on a multi-million pound refurbishment of upgrade the office space and communal areas and the latest deals means all office suites on the 10,200 sq ft mezzanine floor are now fully let.
Catering and events company Relish has also completed an agreement to operate the ground floor café and central bar within a 4,500 sq ft seating area. It will launch its food and drink offer at the Royal Liver Building in 2021 subject to COVID restrictions.
Agents in the office agency team at CBRE in Liverpool has secured deals with outdoor digital advertising specialist, Open Media, which has taken 2,250 sq ft of space; and food, pharma and advanced manufacturing project delivery firm SEP Professionals Services has signed up for 2,612 sq ft.
Other deals include Axia Media, an accountancy firm that has taken 2,155 sq ft of accommodation. Film production company Culture City has taken 635 sq ft and ISM Sports has agreed terms on 2,594 sq ft to complete the deals activity on the mezzanine floor.
The building now offers office accommodation from 559 sq ft small suites to whole floors totalling 29,800 sq ft with the added value of giving occupiers the opportunity to create their own bespoke office space.
In addition to being situated in one of the world’s most prestigious and recognisable buildings, tenants also benefit from amenities and facilities including a new basement wellbeing and fitness centre, which will house an on site gym once COVID restrictions change, cycle storage, a café/bar, as well as informal and formal meeting space.
Neil Kirkham, senior director, CBRE, said: “The completed deals at the Royal Liver Building are testament to the quality of product and amenity that we have provided and is also reflective of the market as a whole. We see a flight to quality from occupiers, giving employees a reason to re-engage with the office workplace in a post lockdown world.”