CB Richard Ellis has been appointed to manage the £2.5m refurbishment of 10-18 Castle Street, where it is a tenant, in Liverpool city centre on behalf of Merseyside Pension Fund.
The firm recently agreed to take extra space at Castle Chambers to accommodate staff who joined in the takeover of Irving Rice during the summer. There is currently over 15,000 sq ft of accommodation available to let at the building.
Tim Garnett, senior surveyor and part of the North West office agency team at CBRE, commented: "Liverpool has seen a massive transformation recently, particularly in the case of city centre office buildings. Un-refurbished space accounted for less than 5% of office take up last year and as we enter harder times it is encouraging to see that Liverpool continues to regenerate and provide quality accommodation demanded by businesses.
"Castle Chambers is one of several proposed schemes and signifies the beginning of a renaissance on Castle Street and its' surrounds. The area certainly has a lot to offer in terms of amenities, prestige, and proximity to Liverpool One. It can now offer large refurbished floor plates previously not available to occupiers, partially causing the migration of the central business district towards Old Hall Street."