Bruntwood Works will re-invest £5.8m Burlington House proceeds into city region

Manchester property company, Bruntwood Works, is to re-invest the proceeds of the sale of a Waterloo property, in North Liverpool, back into sites throughout the city region, it said today.

The company has concluded the £5.8m disposal of its Burlington House office block, on Crosby Road North, which has been in its portfolio for more than 35 years.

Colin Forshaw, Liverpool regional director for Bruntwood Works, said: “Creating thriving places and communities is something we’re passionate about and, after more than 35 years under Bruntwood stewardship growing occupancy levels and building a community, we now feel it’s time for us to hand Burlington House to its next owner.

“We are confident that Burlington House will continue to prove an attractive proposition for those small and medium-sized businesses across Liverpool that are looking to take the next step on their growth journey.

“We plan to continue to invest in our workspaces across Liverpool that encourage collaboration and help to create thriving cities.”

The new owner of the 65,000 sq ft site is Glasgow-based Tracey Investments.

In 2017 Bruntwood Works carried out an £800,000 refurbishment project at the site.

Among the building’s 36 tenants are Alder Hey Children’s NHS Foundation Trust, and clincal trials firm Synexus.

Carrick Real Estate and CBRE marketed the property for sale.

A Tracey Investments spokesperson said: “With little competition within the area providing good quality office accommodation, TIL is confident it can improve the amenity within the building.”