http://icliverpool.icnetwork.co.uk/...n-to-buy-all-of-exchange-flags-name_page.html
Firm moves in to buy all of Exchange FlagsJun 21 2006
By Tony Mcdonough, Daily Post
PROPERTY firm UK Land & Property last night told the Daily Post it would like to acquire the rest of Exchange Flags after completing a deal for half of the complex this week.
It was revealed yesterday that the Liverpool-based company had bought the Grade II Listed Horton
House, comprising 160,000 sq ft of office space, in a multi-million pound deal. Horton House forms part of the Exchange Flags complex.
The property overlooks the historic Exchange Flags Square at the back of Liverpool Town Hall and has lain largely empty for the past 15 years.
UK Land bought the site from Bill Davies' Walton Group and it said it would look to acquire the other half of the complex, Walker House, should Walton be willing to sell.
Managing director Simon Parker said: "Clearly now our focus is on Horton House but we would be foolish not to enter into negotiations over Walker House if Walton Group considered it appropriate."
UK Land is to spend £7m refurbishing the site and the first tenant will be Liverpool law firm Brabners Chaffe Street which will move into 41,000 sq ft in July next year.
Around 200 staff from its current bases in Dale Street and Castle Street will relocate onto the new site.
Brabners has signed a 15 year lease with the option of taking more space for future expansion.
Once the refurbishment is complete around 80,000 sq ft of space will be made available, with suites from 2,000 sq ft. Retail units on the ground floor, totalling 15,000 sq ft, will be made available immediately.
UK Land has entered into a joint venture with Pochins for the scheme which will commence in August.
This week's deal was seen as a breakthrough for what has been seen as one of the biggest missed opportunities in Liverpool's regeneration.
Despite renewal taking place all around it Exchange Flags has been left largely empty for many years despite previous talk of turning it into luxury apartments.
If UK Land could secure a deal for Walker House, then that would be seen as another major economic boost for the city's central business district.
tonymcdonough@dailypost.co.uk
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Excellent excellent excellent ..... Liverpools city centre hill.
Vista vista vista downtown Liverpool.
Firm moves in to buy all of Exchange FlagsJun 21 2006
By Tony Mcdonough, Daily Post
PROPERTY firm UK Land & Property last night told the Daily Post it would like to acquire the rest of Exchange Flags after completing a deal for half of the complex this week.
It was revealed yesterday that the Liverpool-based company had bought the Grade II Listed Horton
House, comprising 160,000 sq ft of office space, in a multi-million pound deal. Horton House forms part of the Exchange Flags complex.
The property overlooks the historic Exchange Flags Square at the back of Liverpool Town Hall and has lain largely empty for the past 15 years.
UK Land bought the site from Bill Davies' Walton Group and it said it would look to acquire the other half of the complex, Walker House, should Walton be willing to sell.
Managing director Simon Parker said: "Clearly now our focus is on Horton House but we would be foolish not to enter into negotiations over Walker House if Walton Group considered it appropriate."
UK Land is to spend £7m refurbishing the site and the first tenant will be Liverpool law firm Brabners Chaffe Street which will move into 41,000 sq ft in July next year.
Around 200 staff from its current bases in Dale Street and Castle Street will relocate onto the new site.
Brabners has signed a 15 year lease with the option of taking more space for future expansion.
Once the refurbishment is complete around 80,000 sq ft of space will be made available, with suites from 2,000 sq ft. Retail units on the ground floor, totalling 15,000 sq ft, will be made available immediately.
UK Land has entered into a joint venture with Pochins for the scheme which will commence in August.
This week's deal was seen as a breakthrough for what has been seen as one of the biggest missed opportunities in Liverpool's regeneration.
Despite renewal taking place all around it Exchange Flags has been left largely empty for many years despite previous talk of turning it into luxury apartments.
If UK Land could secure a deal for Walker House, then that would be seen as another major economic boost for the city's central business district.
tonymcdonough@dailypost.co.uk
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Excellent excellent excellent ..... Liverpools city centre hill.
Vista vista vista downtown Liverpool.