£1m upgrade to historic former Hull Brewery site

An office complex on the site of the former Hull Brewery has received a £1m upgrade as it looks to attract new tenants.

Anchor House at The Maltings development has undergone a major refurbishment.

PPH Commercial is marketing the site, particularly the third-floor suite. Owners Catalyst Capital invested £400,000 in its upgrade.

The site is already home to Leeds-based remortgage specialists Enact Conveyancing and virtual reality training company Vertual.

Ben Cooper, Divisional Director of the Business Space Agency team at PPH, said: “Catalyst is a forward-thinking landlord which is willing to commit to speculative investment because it’s seen how successful this strategy has been by attracting ambitious companies like Enact and Vertual.

“Although this type of investment does come with an element of risk because there is no guaranteed tenant to occupy the refurbished space, it’s great to see that Catalyst has huge faith in the city and its economy.

“I believe the company should be praised for adopting this strategy because it provides a significant boost for Hull and its residents by helping to create new much-needed jobs.
“Hopefully, the success that this speculative investment has enjoyed will give other commercial property owners the confidence to do likewise.”

Sarah Cooper, Portfolio Manager for Catalyst Capital, explained: “The historic former brewery building obviously has lots of character so we’ve tried to be sympathetic in our improvements – by adding LED lighting and opening up the ceilings – to enhance its natural features and charm.

“In its previous condition, the offices were a bit dated and almost unlettable but we’ve now created a lovely, modern open-plan environment which is perfect for a new business or one which wants to relocate.
“We’ve already enjoyed reasonable levels of interest and we’re confident we can attract a prestigious tenant in the near future.”