CBRE’s Project Management and Office Agency teams retained on iconic Liverpool landmark
Princes Group plc ( ‘Princes’) , the new owner of the historic Grade-1 Royal Liver Building, has retained real estate advisory firm CBRE on the iconic Liverpool landmark. CBRE’s Property Management and Office Agency teams are both retained following the leading food and drink group’s purchase of the building for £60M, further cementing its commitment to its Liverpool roots.
Both CBRE teams have played an integral role in breathing new life into the enduring symbol of Liverpool’s history since being appointed in 2012 with CBRE also advising on the original sale in February of 2017. CBRE’s seamless work has supported the vision to create highly desirable premier space in the city, as well as the management of the ongoing refurbishment and transformation programme of the building.
Princes’ investment in one of Liverpool’s most recognisable landmarks, forms a key part of a broader £83M real estate plan that also includes the Cross Green facility in Leeds (£23M), underlining the Group’s long-term commitment to the UK.
Built in 1911, the Royal Liver Building has an unrivalled, prime position on the City’s waterfront overlooking the River Mersey.
Andrew Willoughby, Director, CBRE’s Property Management team said:
“We are delighted to continue our involvement in the management of the Royal Liver Building; the team has done a great job in positioning the building as the best in class customer experience, and we look forward to working with Princes in delivering the next phase of its journey.”
Simon Harrison , Princes Chief Executive Officer said :
“The Group plans to expand its presence within the Royal Liver Building, using it not only as a corporate HQ, but also as a multi-purpose venue for events, collaboration and public engagement. Liverpool is important to our heritage, having been a tenant at the Royal Liver Building since 1982 with more than 400 colleagues based there. The acquisition further reinforces our deep connection to the city and our dedication to create a stable and sustainable operating base for the future.
We recognise the significance of this iconic asset and are honored to assume its custodianship. Partnering with CBRE, we are dedicated to preserving its unique character and maximizing its potential for future success.”
Neil Kirkham, Senior Director, CBRE’s Office Agency team said;
“It is an immense source of pride for our team to continue our long-standing relationship with a globally recognised and iconic landmark like the Royal Liver Building. Over the last seven years, we’ve had the privilege of supporting its transformation and success alongside Corestate, and we are excited to work with Princes to build upon this legacy and deliver the next chapter for this premier space in Liverpool.”
Andy Byrne, Director, CBRE’s Office Agency team said:
“We are excited to be working with Princes to build upon the existing success of this landmark building. We are planning a diverse selection of new spaces, presenting a unique opportunity for occupiers to establish a presence in a highly sought-after location. The next phase of spaces will range from 1,000 sq ft up to 21,000 sq ft, with flexible options to accommodate a variety of requirements.”
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