CBRE to advise University of Liverpool on its 600-acre estate
As strategic property adviser, the consultancy will provide office agency, development, valuation, and landlord and tenant services to the academic institute, which is in the midst of an aggressive programme to become one of the top 100-ranked universities worldwide.
CBRE will work for three years with the University of Liverpool, helping it optimise its nearly 600-acre estate as part of the university’s Estates Strategy 2031+. The university currently owns 4.2m sq ft of non-residential floorspace and 5,100 student beds across the city region, with its city centre campus set at around 100 acres.
David Furnival, group director for property and campus services at the university, said: “We are pleased to partner with CBRE as we deliver our Estates Strategy 2031+ and create a world-class campus experience that supports leading research, innovation and student success, while strengthening our contribution to the city of Liverpool and the wider region. This partnership is an important step in delivering the long-term vision set out in Liverpool 2031.”
As part of the university’s ambitions sits a 10-year capital development programme. This includes the building of the £550m Health Innovation Liverpool campus on the site of the old Royal Liverpool Hospital. This would be done in partnership with the NHS University Hospitals Liverpool Group.
A second headline development is the £111m chemical sciences building at Paddington South, which would house the university’s Artificial Intelligence Materials Hub for Innovation.
Neil Kirkham, head of CBRE’s Liverpool office, described the university as being at a “pivotal time in its estate evolution” and said that the agency was proud to have been chosen for the strategic advisor position.
“It promises to be a key partnership to help deliver the University’s strategic objectives to reimagine and future-proof one of the city’s most important institutions,” Kirkham continued.
“This mandate reflects the strength and integration of our regional and national teams, our deep understanding of the university’s campus, the local market, and our commitment to delivering exceptional outcomes for one of the city’s most important institutions.”
