Global real estate advisor, CBRE, has been appointed to sell the iconic Royal Liver Building in Liverpool for only the second time in its history. CBRE sold the building for the first time in 2017 on behalf of Royal London, and is now marketing it again on behalf of current owners, Corestate Capital.
Over the last five years, the Grade I listed Royal Liver Building, has undergone an extensive refurbishment programme to deliver Liverpool’s best office building with outstanding tenant facilities and amenity. The property is multi-let to several major Liverpool based companies including Princes Foods, HSBC, Mott MacDonald, Grant Thornton and Everton Football Club.
The building also has its own visitor attraction centre -‘RLB 360 Tower Tour’- which allows the public to explore its iconic history through a fully immersive experience.
Designed by Walter Aubrey Thomas, the building first opened in July 1911 and on completion was the tallest office building in Europe. It remains a truly iconic symbol of Liverpool and forms the centrepiece of the city’s world famous waterfront, with significant new regeneration planned including Everton Football Club’s new £500m waterfront stadium which is due to complete in 2024.
Liverpool city centre has undergone an extraordinary transformation in recent years, led by £5 billion of inward investment. This has included the completion of Liverpool One, a retail-led development and home to the busiest shopping street outside of London.
CBRE is quoting a price of £90m for the building.
Colin Thomasson, Executive Director, Investment Properties, CBRE commented: “We are truly honoured to be mandated to sell the Royal Liver Building, the most recognisable office building in the North of England and an icon on the global stage. It is an exceptional investment opportunity which offers investors the chance to not only own a piece of history but also a property with considerable potential to add further value and continue the refurbishment programme the current owners have already executed. With Grade A office supply in Liverpool currently at an all time low and rising occupier demand, we anticipate strong demand amongst investors for the asset.”
