MIPIM UK: Liverpool ‘running numbers’ on Liver building bid
Liverpool City Council is considering putting in a bid to buy the Royal Liver Building at Pier Head, on the market for £40m, weeks after the city approved plans to sell its Municipal Buildings as part of a cost-cutting exercise.
Speaking to Place North West at MIPIM UK, Ged Fitzgerald, chief executive of the council, said: “We are currently running the figures to see if we can put a pitch in.
“We think the uses in Royal Liver can be flexed, and would work for a mix of commercial, hotel, or statement leisure uses, like we’ve done at the Cunard.”
Royal London announced earlier this week that it was selling the iconic Royal Liver Building for the first time in its 100-year history.
The Cunard Building sits next to the Royal Liver and is another landmark of the city. Liverpool City Council bought a long-lease on the 285,000 sq ft block in 2014 for £10m, disposing of its interest in Millennium House, and The Capital, and relocating hundreds of staff to the waterfront site.
To continue to save on costs, last month the council announced it was selling its 130,000 sq ft Municipal Buildings, and would move staff to the Cunard building by next summer “to make budget cuts”.
When asked how the council would fund the purchase of the Liver Building, Fitzgerald said it was “open to suggestions around partnership agreements”.
The Liver Building is 380,000 sq ft, with 100,000 sq ft currently vacant.