Commercial Estates Group in partnership with Anglo Scandinavian Estates has completed the acquisition of Liverpool’s Exchange Station from the Homes and Communities Agency for an undisclosed sum.
CEG’s investment of around £20m will see a £7m refurbishment of the building, which is around 50% let, with quoting rents of £15 per sq ft.
The Victorian former railway station was developed in the 1980s into 190,000 sq ft of offices.
The HCA acquired the scheme in April 2014 following the closure of Space Northwest.
The refurbished office space is due to open in summer 2016.
JLL represented HCA; Hitchcock Wright & Partners advised CEG.
To send feedback, e-mail Louisa.Clarence-Smith@estatesgazette.com or tweet @LouisaClarence or @estatesgazette
