Liverpool business park sold to investment company

A business park in Liverpool has been sold for an undisclosed amount.

CBRE’s office Agency team has sold Connect Business Village on Derby Road to property investment company Yakel Consultants Limited.

Connect Business Village includes the 25,000 sq ft head office of social enterprise business PSS along with 15 self-contained two storey offices ranging from 1,488 to 3,526 sq ft.

The park has developed in partnership with Liverpool Land Development Company and Northshore (Atlantic Gateway) Strategic Investment Area.

Located on the A565 Derby Road and adjacent to Sandhills train station the development is on the edge of Liverpool city centre.

Manchester law firm Kuits advised Yakel on the purchase and property finance for the acquisition.

Andrew Byrne, associate director at CBRE Liverpool, said: “We are delighted to confirm the sale of Connect Business Village to Yakel.

“The scheme is unique, being the first of its kind within North Liverpool’s business district and offers tenants the opportunity to benefit from high grade office suites with state of the art facilities in a well established location, connecting businesses to the heart of Liverpool.”

Charlotte Barker, commercial property solicitor at Kuits, said: “Connect Business Village is a significant commercial development for Liverpool with the potential to be a thriving business district due to its prominent location and excellent transport links. Kuits was pleased to advise Yakel in acquiring the property as part of its expanding portfolio in the region.”

Samuel Farage, managing director of Yakel said: “The team at Kuits continue to provide us with a key advisory service and this transaction was no different. They demonstrated a breadth of expertise, knowledge and commercial acumen to help us with this exciting acquisition.”