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10

Commercial Property Register

September - December 2017

www.compropregister.com

As important as Manchester is

to the economic health of the

north - and the rest of the UK -

the North West has the added

strength of a revived Liverpool.

As much as anything else, this

is due to the efforts of Peel to

develop new commercial space at

Liverpool Waters and capitalise on

the city’s fine Merseyside location

and proliferation of fine listed

buildings.

With planning permission in

place for Plaza 1821 at Princes

Dock, it will now provide the

space for Regenda Group and

Your Housing Group. The £5.5

billion Liverpool Waters continues

to set the pace and has the

Lexington building scheduled for

development in the near future.

Neil Baumber of Peel

commented: “Our vision is to

create a waterfront for the world,

bringing life back to the historic

docklands. Plaza 1821 will be a

high-quality development with

spectacular views of the River

Mersey and the surrounding

waterfront.”

One of the recent arrivals at

Princes Dock is Pure Business

Group, a legal services provider,

which has taken the 4th floor at 8

Princes Dock. Phil Hodgkinson of

Pure said: “We looked at a lot of

places but nothing could match the

setting here at Liverpool Waters,

while also providing us with the

top-quality office space that we

need to continue our expansion.”

One aspect of opening a

business in Liverpool is its sporting

legacy. A survey by ESPN, a sports

site, together with the University

of Bath, ranked Liverpool as the

UK’s greatest sporting city for 2017.

Manchester is in second place.

However, the development in

Liverpool has not been all plain

sailing because the Liverpool City

Council has stepped in on one

Chinese led scheme with legal

action. It is against Chinatown

Development Company over a

stalled £200 million project in the

city centre. The plan was for 790

residential units, 11,148 sq metres

(120,000 sq ft) of offices, a Chinese

shopping area and a 140 bedroom

hotel.

The council’s case is for the

developer to forfeit two leases on

the site.

HMRC has taken the next step in creating a network of 13 state-of-the-art

regional centres, by signing a 25-year lease to let 270,000 sq ft at India

Buildings in Liverpool.

The move is part of the wider Government Hubs programme, led by the

Government Property Unit (GPU), which is reforming how the government uses

property. JLL is advising the GPU.

India Buildings was selected for its easy-to-reach location and excellent

transport links while an extensive refurbishment will provide the digital

infrastructure required by HMRC.

HMRC will take over the whole building with staff moving in 2019 and as many as

3,500 HMRC staff will work there.

Steven Boyd, HMRC Estates Director, HMRC said: “HMRC’s move into India Buildings will see us

sensitively restore and refurbish this magnificent building to bring it back to its former glory, while

transforming it into a state-of-the-art facility fit for a modern tax authority. This agreement marks a

significant, long-term commitment to this city and this region.”

Richard Wharton, JLL director of office agency, who advised the Government, added: “We carried

out a measured selection process which took in to account wide ranging factors including cost

efficiency. HMRC’s decision to move to India Buildings, which has been an iconic feature of Liverpool’s

skyline since the 1930s, is a huge boost for the city.”

Indian

SUMMER

NEWS

SUCCESS -

appeel

Liverpool Dock

Richard Wharton