The Peel Group have presented plans to revolutionise office space in Liverpool, the largest planning permission requested in the UK, and one which could give the city a much needed fillip in the economic crisis.
The plans proposed for Liverpool Waterfront site will see the redevelopment of 150 acres of the Docks with over 14 million square feet of mixed use floor space, combining offices, apartments and other mixed space. (more…)
Hitchcock Wright & Partners are offering prospective tenants rent-free office space in the city centre.
The commercial property providers based on Castle Street, Liverpool city centre, are offering up to 20,991 sq ft of office space over three floors, though these can also be rented as separate floors – at 6741 sq ft each.
Liverpool Vision is launching a brand new development opportunity in the city’s business district.
Liverpool Vision is Liverpool’s economic development company and they will be using the upcoming MIPIM conference to launch the project. Jim Gill, chief executive for Liverpool Vision and Chris Oglesby, chief executive for Bruntwood will be attending the MIPIM property fair and revealing the details of the Pall Mall Exchange development plans. Liverpool Vision believe the new development marks the next phase of major expansion in the business district of Liverpool. (more…)
A recently refurbished top floor office space is now available in Liverpool’s city centre.
The offices are located in the heart of Liverpool’s business district and offer excellent views across the city. It is the top floor of the Pacific Chambers and totals 3,663 sq ft of prime space. They are currently being marketed by Hitchcock Wright & Partners (HWP). (more…)
Liverpool property group Downing has announced it is in a strong position to expand its property portfolio in 2010 following the sale of Broadcasting Place in Leeds for £37.65m.
The company, which owns and manages around 1m sq ft of office space in Liverpool alone and has mixed-use schemes under development across Manchester, sold the major site to Aviva. (more…)
A new £70 million office space development is to be built on the edge of Liverpool’s commercial district.
Developer West Bay Capital received planning permission from the council this week for two new buildings at 30 Pall Mall. The two buildings, designed by architect Broadway Malyan, have been praised for their modern architecture and design. (more…)
Serviced office giant Regus have posted a 16% rise in revenue of £387m since the start of the year. The news was revealed at their AGM. The company, which operate over 1,000 business centre’s across the globe. They are bucking the trend of this recession, with most properties companies struggling to boost revenues. With their money saving workspace solutions, hard press UK companies can turn to their business centre’s as a way to keep capital outlay to a minimum.
Regus recently opened a business centre in Liverpool. It consists of two floors, with 98 offices and 320 workstations available. There is also meeting rooms, a drop in lounge as well as video conferencing facilities. Regus also have a centre at the nearby, Warrington’s Cinnamon Court.
A lack of available grade A office space in Liverpool has meant that the City may struggle to attract blue chip tenants in the future. One of the latest big name companies to confirm a presence in the City is the UK borders Agency. They are due to take 200,000 sq ft of office space at the The Capital building. This location was previously owned by Royal & Sun Alliance who then sold the building to Downing for £51m. Downing then spent £10 million making improvements to create what has been described as world class office space.
Downing’s Capital building, Bruntwood’s Plaza and the Exchange Flags complex just go to show what a plethora of superb offices there are available in Liverpool now. But with major interest for large requirements of office space, this may not be enough in the future if all the new stock is soaked up by fresh occupiers. Just look at the 140,000 sq ft taken by Merseytravel at the new Mann Island. These types of deals could be compromised if developers cannot get funds for new buildings. One problem is that lenders only want to issue funds when a building has a pre lets agreed. Currently the only available brand new space is at 20 Chapel Street and St Paul’s Square. However, there could be one underlying danger that, should the market fall down, then there is the possibility of oversupply – something that has troubled the office market in Manchester of late.
Sir Stelios Haji-Ioannou, founder of Easyoffice, is looking to open his first business centre in Liverpool. EasyOffice was started 18 months ago and is an extension of the easygroup brand, offering low cost and flexible office space for start up’s an entrepreneurs. Sir Stelios hit the headlines last year after a run in with Regus supremo Mark Dixon.
EasyOffice offer easy in, easy out terms for tenants who can pay as little as £99 per week and pay using a credit card. With no need for a legal lease agreement to be drawn up, the current easy locations have been hugely popular. The first easy centre in the prestigious Kensington area of London achieved 100% occupancy in the first two months of opening. There are also locations in
Camden and
Glasgow
CEO Mark Smith, formerly of Regus said: “When carrying out market research, we found that many people in the area could benefit from serviced, low-cost office space.†The company is believe to want offices that can take 170 desks.
Plans for one of the largest office developments in Liverpool has been submitted to the City council. West Bay Capital are the company behind the proposed £50m 18-storey scheme, which will include 225,000 sq ft of office space. The new site is intended to be built at 30 Pall Mall. If planning permission is approved, the company could start work on the project before the end of the year. The funds for the building are thought to have already been approved, but only on the condition that there are pre let agreements in place.