Video games group moves into city centre in ‘one of biggest deals this decade’
Sony Interactive Entertainment Europe have exchanged on a deal to lease all the office space compromising 65,000 sq ft over three floors in the Echo Place development on Old Hall Street, Liverpool.
The video games giant said the deal for the offices, overlooking the World Heritage waterfront, will be one of the largest office in the city this decade.
The former Liverpool Echo headquarters building is in the process of being redeveloped by owner Reach in conjunction with Dubai-based Select Group following the forward funding of the project in 2018.
The development includes a full service 207-bed hotel which has been leased to Spain’s Meliá Hotels International Group for their chic INNSiDE brand, opening in Spring 2020.
The hotel will provide a restaurant and bar at street level with a sky bar on the 17th floor with 365˚ views across the city and the world-famous Three Graces.
The project also provides five new retail units with frontage onto Old Hall Street and Brook Street totalling 10,000 sq ft, two of which are currently under offer to a major retail group.
Sony Interactive will relocate around 500 staff to the offices in June next year from its current base on Wavertree Technology Park Liverpool where it has been based since 1996.
Paradigm Property Consultants, Glasgow, represented the Reach and Select joint venture as development managers and letting agents throughout, with Liverpool’s Worthington Owen representing Sony Interactive in negotiating the letting.