Liverpool to invest £450,000 in outdoor spaces

Agents dismissed talk of the potential death of offices following the Covid-19 lockdown, reporting an upturn in leasing activity in Liverpool and Manchester over the past two weeks. However, they predicted major changes to occupier demand in the short and long term, which will impact the lettings market in the months ahead.  

The city region has set up an economic recovery taskforce aimed at lifting the local economy after a bruising from the lockdown.

Landlord Grosvenor Europe has agreed to lease 4,700 sq ft on Hanover Street in the city centre to the Asian street food chain, which will open its restaurant once lockdown lifts. 

The Greater Manchester and Liverpool mayors said town centre regeneration plans could take a different course in the wake of the pandemic, and pressed the Government to deliver adequate funding to help the region emerge from lockdown.

The volume of commercial space leased within the Liverpool City Region in 2019 fell by more than 30% year-on-year to 568,000 sq ft, below the five-year average of 638,000 sq ft, according to a study.

Property investment firm Yakel Consultants has acquired the 50,000 sq ft office complex on Derby Road in Liverpool from Network Spaces for an undisclosed sum.

Liverpool’s local rail network has unveiled an upgraded fleet of trains as part of plans to expand in the coming years.

This year will see fresh services launched including a development map to complement news stories and branded content production for partners.