Morley Fund Management is to create 40,000 sq ft of new office space at Sun Alliance House in central Liverpool.
The fund manager is planning a £3m refurbishment of the 1950s building, including a remodelling of the entrance on Exchange Street East.
A further 10,000 sq ft of space could be added with the addition of a glazed roof-terrace extension, which is currently under consideration by local planners.
Brian Ricketts, partner at letting agent Hitchcock Wright and Partners, said: “This is a boost for the market and shows a huge commitment and confidence in the city from one of the biggest fund managers.”
“The building is, as far as I know, unique insofar as it is the only building of any meaningful size in the core capable of offering a self-contained, high profile HQ.”
Morley purchased the building for £4.5m in December 2004.
The scheme is due to be completed next April.
References: EGi News 01/08/05
