£90m price tag for Liverpool’s iconic Royal Liver Building
Liverpool’s iconic Royal Liver Building has been put on the market for a second time with a price tag of £90m.
Real estate advisor, CBRE, has been appointed to sell the waterfront building for only the second time in its history.
CBRE sold the building for the first time in 2017 on behalf of Royal London for £48m to Luxembourg-based real estate investment manager Corestate Capital Holding.
The Grade I listed property has the two famous Liver Birds on its roof.
Along with the Cunard and Port of Liverpool Buildings, it is one of the Three Graces on the city’s waterfront.
Over the last five years, the Grade I listed property has undergone an extensive refurbishment programme and is multi-let to several major Liverpool based companies including Princes Foods, HSBC, Mott MacDonald, Grant Thornton and Everton Football Club.
The building also has its own visitor attraction centre -‘RLB 360 Tower Tour’- which allows the public to explore its iconic history through a fully immersive experience.
Designed by Walter Aubrey Thomas, the building first opened in July 1911 and on completion was the tallest office building in Europe.
It remains forms the centrepiece of the city’s world famous waterfront, with significant new regeneration planned including Everton Football Club’s new £500m waterfront stadium which is due to complete in 2024.
Colin Thomasson, Executive Director, Investment Properties, CBRE said: “We are truly honoured to be mandated to sell the Royal Liver Building, the most recognisable office building in the North of England and an icon on the global stage.
“It is an exceptional investment opportunity which offers investors the chance to not only own a piece of history but also a property with considerable potential to add further value and continue the refurbishment programme the current owners have already executed.
“With Grade A office supply in Liverpool currently at an all time low and rising occupier demand, we anticipate strong demand amongst investors for the asset.”