Commercial Estates Group (CEG) in partnership with Anglo Scandinavian Estates have completed the acquisition of Exchange Station, with Hitchcock Wright & Partners and GVA Bilfinger appointed as joint letting agents to market the vacant office space.
The investment project was valued at approximately £20m and work on the first phase of the £7m refurbishment of this iconic building has already begun. The investment will see the third floor split into three suites offering between 3-4,000 sq ft of Grade A office space.
The former Victorian Railway Station on Tithebarn Street was built in 1888 and developed almost 100 years later by English Estates. The handsome historic façade was retained and 190,000 sq ft of office accommodation created in the basement, ground and five upper floors.
Brian Ricketts, partner and head of office agency at HW&P who advised CEG with the purchase said, ‘Having identified Exchange Station as a sound investment opportunity, we immediately approached CEG, who have had a long association with Liverpool and are one of the city’s main landowners. CEG have already committed to a rolling programme of speculative refurbishment which will provide occupiers with a wide range of Grade A office suites and will be able to accommodate businesses of all sizes.
Exchange Station is one of Liverpool’s important Grand Buildings and is of great significance to the city. This is the only speculative refurbishment programme of its size currently on-site in the commercial district and will deliver much needed Grade A office space to satisfy immediate and future demand, and it also fits with Liverpool City Council’s regeneration vision for this area of the city.
Exchange Station provides office suites of various sizes and basement car parking for 206 cars.
Contact Brian Ricketts for more information
Development Opportunity ~ 1.1 Acres
Offers are invited for the freehold land and buildings adjacent to the Church of St. Margaret of Antioch and Vicarage. The school comprises a two storey brick building, part of which is derelict. There is a modern single storey extension – formerly a school hall, and a detached building previously used s a nursery. There is a playground and car park to the east of the site.
The site is suitable for a variety of uses subject to planning, and is identified as primarily a residential area and within a conservation area. It is close to the Anglican Cathedral and Princes Park and is approx 2 miles from Liverpool City Centre.
Click on the link for more information - Upper Hampton Street, St Margaret of Antioch
Contact Nick Harrop
For the sixth time, national publication Estates Gazette has named us Most Active Agent in the North West in the office sector. This is based on the number of transactions completed between 1st Jan & 31st Dec 2013.
We have also won the Most Active Regional Agent for Merseyside competition for the period 1st May 13 to 30th April 14, with Brian Ricketts winning the Dealmaker Award.
Brian Rickets, head of Office Agency, is quoted in Move Commercial as saying ‘…After a tough six or seven years or so it is great to see all our hard work has finally paid off.’
‘Like many of the provincial cities, the Liverpool Office market lay in the doldrums since the economic crash in late 2007, and has suffered low levels of confidence and demand. However, recently published findings by Professional Liverpool take up figures for 2013 appear to herald the re-emergence of some long awaited positive activity, and certain key take-up trends which are most encouraging.’
‘For us, the award is a reflection of this improvement, and we are thrilled to be recognised.’
We were delighted Estates Gazette said – “The Most Active Agent accolade is widely recognised as one of the most prestigious titles for agents and the EGi Deals Competition is always inundated with entries. To be named most active agent in Merseyside is something Hitchcock Wright and Partners should be very proud of. It demonstrates their status as a leading agent in the region and they will now continue to achieve success in the coming year. Well done to the team as a whole, and to Brian Ricketts who scooped the Dealmaker of the Year title.”
Postscript – Nick won the Dealmaker Award in 2016 – see the article here
A unique opportunity for retailers to take a unit in the £150 million scheme from St. Modwen set to establish Great Homer Street as a major shopping destination within this densely populated area.
The Scheme is anchored by 68,000 sq ft Sainsburys, which has opened, and includes flexible retail space from 1,385 sq ft to 30,000 sq ft. There is free customer parking, a 300 stall ‘destination’ outdoor market and new indoor facility, leisure accommodation available and new access from Scotland Road. The scheme also includes new housing, employment and community facilities, with new and improved public spaces.
See more of the scheme on http://www.greathomerstreet.co.uk/progress.htm
Download our details here - GHS Jan 2018
Horton House is a Landmark Grade II Listed building in the heart of Liverpool’s flourishing Business District at Exchange Flags.
The fully restored building offers contemporary office space in a classical setting.
A fully fitted, furnished and cabled suite of 7,697 sq ft is available. With full access raised floors, LG7 lighting, quality glazed partitions, feature lighting and a projection system. Contract Parking is available nearby.