Bruntwood offloads Bootle office for around £2.5m
Hurstwood Holdings has acquired the 42,600 sq ft St Hugh’s House.
Bruntwood sold the six-storey Bootle office for an undisclosed sum. The multi-let asset had been marketed for sale with an asking price of £2.5m.
St Hugh’s is located on the corner of Stanley Road and Trinity Road, in the heart of Bootle’s office quarter and is currently occupied by 17 companies including Morrison Utility Services and BioGrad Laboratories.
Stephen Ashworth, chairman and chief executive of Hurstwood Holdings, said: “This is a striking, landmark building that provides a fantastic opportunity for our in-house asset management team to do what we do best and further enhance its excellent facilities through proactive initiatives, refurbishment and investment.”
Oliver Rowe of Avison Young acted on behalf of Hurstwood Holdings with Gateleys providing the legal advice. CBRE represented Bruntwood.
Hurstwood’s Bootle buy follows office acquisitions in Knutsford and Bromborough in the last 12 months.
Away from offices, the company also recently secured planning consent to build a £40m industrial development at Lune Business Park in Lancaster.
Worth remembering that all these office blocks here and in the city centre were built because a city full of people exists here!!
I say this, because for over ten years we’ve had numerous vested interests working very hard to suggest otherwise. This has been very damaging, not just to Liverpool but to the earnings of the UK.
By Jeff
Jeff – what vested interests? How exactly has this manifested?
This office space is much cheaper than Liverpool city centre, which suffers from high costs but low rents, making new build development only marginally viable.
By LCR Viability