Bruntwood disposes of Bootle office block in deal with Hurstwood Holdings
Manchester-based Hurstwood Holdings has boosted its growing commercial property portfolio with the acquisition of a 42,656 sq ft multi-let office building in Bootle, Liverpool, from Manchester property group Bruntwood.
The purchase price was undisclosed, but the property had been marketed for approximately £2.5m.
St Hugh’s is situated on the corner of Stanley Road and Trinity Road, in the heart of Bootle’s office quarter and is currently home to 17 occupiers, including Morrison Utility Services and BioGrad Laboratories.
The six-storey building provides flexible office suites from 405 sq ft to 4,830 sq ft.
Stephen Ashworth, chairman and CEO of Hurstwood Holdings, said: “This is a striking, landmark building that provides our fantastic opportunity for our in-house asset management team to do what we do best and further enhance its excellent facilities through proactive initiatives, refurbishment and investment.”
He added: “We are very appreciative of all the professional services who helped make this deal happen, including Rothschild for its unwavering support and all at Bruntwood for the smooth transaction.”
Oliver Rowe, of Avison Young, acted on behalf of Hurstwood Holdings with Gateleys providing the legal advice. CBRE represented Bruntwood.
Hurstwood Holdings is a commercial and residential group with more than £200m of commercial investment assets on around 120 sites nationwide, housing almost 1,000 occupier clients.