First foray into city property market for Millfield

BOLTON-based Millfield Estates, the property investment arm of W M L Industrial Holdings, has entered the Liverpool property market for the first time with the purchase of Yorkshire House on Chapel Street in a mutli-million pound deal.

The former bank building in Liverpool’s thriving business district, is now set to undergo refurbishment.

The renovation will feature an overhaul of the entrance foyer, landings and vacant suites; a phased upgrade to external elements of the prestigious building including a lighting scheme to make the building a nighttime landmark and infrastructure improvements that will see the building fully enabled for super-fast broadband.

Millfield says it aims to offer high grade office space in the central location and has partnered with brand consultants USP Creative to deliver the design-led refurbishment.

Built in 1926, Yorkshire House comprises 24,411sq ft of office space over seven floors, and is currently let to occupiers including FMG Consultants, Jayne Moore Media and Stellar Group.

The acquisition as part of Millfield’s expansion of its portfolio across the UK. The new venture is led by property director Paul Dobson, who returns to Liverpool where he studied for a degree in Urban Estate Management.
 
Dobson said: “Yorkshire House is an extremely exciting property that we are proud to own.

“The renovation work that we have planned is set to give the building the high quality refurbishment that it deserves, as a significant architectural building in the heart of the business district.

“Liverpool is a thriving city and we are looking for the right additions to the already impressive tenant mix here in Yorkshire House. It’s good to be back, the city really has transformed from my student days here.”
 
Millfield Estates were represented in the purchase by Simmons McCreedy while the vendors were represented by Worthington Owen.