Exchange Station for sale

The Homes & Communities Agency has appointed JLL to market the 193,000 sq ft Exchange Station office in Liverpool city centre, and is set to put the 400,000 sq ft Liverpool Innovation Park up for sale later this year.

Exchange Station is a converted former Victoria railway station in Tithebarn Street, while the 22-acre Liverpool Innovation Park is in Edge Lane and is made up a mix of office and industrial units.

Both Exchange Station and Liverpool Innovation Park were former North West Development Agency assets that were acquired by the HCA in April 2014 following the closure of the Space Northwest joint venture with Ashtenne Industrial Fund. At the time, Exchange Station was valued at £13.6m and the Innovation Park at £11.2m.

Around half of Exchange Station is currently vacant. Quoting rent in the office is £15/sq ft.

An HCA spokesman said: “At the time of transfer, we committed to managing and improving the two properties with a view to selling them to the private sector. In the past 12 months, we have refurbished some of the units at Exchange Station, which has attracted new tenants, and we are undertaking significant capital works at Liverpool Innovation Park.

“We are therefore in position to return Exchange Station to the private sector and expect to commence marketing, through JLL, in the next fortnight. We will market Liverpool Innovation Park at a later stage once the capital works are concluded.”