Wed, 19 Oct 2016 | COMMERCIAL PROPERTY
Liverpool’s Royal Liver Building, one of the most iconic buildings in Britain, is up for sale for about £40 million for the first time in its esteemed history.
Insurer Royal London Group, which acquired the building in 2011, has decided it’s time to sell. The Grade I-listed building first opened in 1911 and is today occupied by companies including ITV and HSBC.
The Liver Building, known for its two Liver Birds who keep vigilant watch over the city is, together with the Cunard Building and the Port of Liverpool Building, part of the city’s renowned ‘Three Graces’ skyline.
Work on the Royal Liver started in 1908 and was completed on July 19 1911. The building is credited with playing a major role in making Liverpool the ‘second city of the British Empire and, in its centenary year, was visited by the Queen and the Duke of Edinburgh. Comprising 330,000 square feet of office and events space, the building was, at one time, the tallest in Europe.
Property agent CBRE, which is managing the sale, expects significant interest from national and international property investors. The company’s executive director Colin Thomasson said: “The Royal Liver Building is known worldwide and we expect the sale to attract strong interest from investors in the UK and around the globe.
“Our clients have been great custodians of this building for over 100 years, and this sale presents an extremely rare opportunity to acquire a unique part of Liverpool's heritage.”
The firm added it doesn’t expect the name or use of the Liver Building to change following a sale.
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