Commercial Estates Group has signed Liverpool John Moores University to take 58,000 sq ft at Exchange Station – the largest office letting in Liverpool since 2014.
The deal will prompt the relocation of 400 employees across LJMU’s management, finance and HR functions from LJMU Tower, Norton Street and Kingsway House.
The university has taken a 10-year lease and will operate over four floors at the city centre development, which is also home to Randstad Recruitment, Handelsbanken, Mouchel, Active Profile and Bermans.
The deal comes after the joint venture acquired the scheme from the Homes and Communities Agency in March this year before beginning a £7m phased refurbishment, which is underway.
The deal will mean the 193,000 sq ft scheme is now 65% occupied with further lettings due to be announced shortly. Quoted rents at Exchange Station are £15 per sq ft.
Bilfinger GVA and Hitchcock Wight & Partners acted for CEG; In House Estates represented LJMU.
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