Government signs for further 10 years at Old Hall Street
HM Passport Office and the UK’s Visas & Immigration Department have opted to extend its lease on 84,500 sq ft at 101 Old Hall Street in Liverpool.
The 135,600 sq ft office property in the city centre is owned by real estate private equity firm Palm Capital and is currently undergoing refurbishment.
HM Passport Office has leased the majority of the space at the building since it was built in 2004.
The renewed 10-year lease deal includes a five-year break.
Cushman & Wakefield acted for the tenant and CBRE acted for Palm Capital.
Reda Khatim, managing director of Palm Capital, said: “With the Secretary of State having been in occupation of the building since it was first built, this renewal demonstrates the Government’s ongoing commitment to our building.
“Agreeing this lease with such a secure credit tenant underpins the value of the asset for us over the long term.”