regent 88 office

Investor buys West Tower space for serviced offices

Acting on behalf of Gray Healthcare, CBRE has sold the five office floors at Liverpool’s West Tower for £2.3m to London investor Daniel Johns Group, which will bring its Regent 88 serviced office brand to the building.

The office space comprises 11,640 sq ft. CBRE said that the sale, equating to £197.60 per sq ft, represents the highest figure achieved for a vacant building in Liverpool over the past 10 years. The agent has also acted for Gray Healthcare in its relocation to Vortex Court in Wavertree Technology Park.

Also featuring 127 apartments and the Panoramic restaurant on the upper floors, the 40-storey West Tower was developed by the Beetham Organisation and sits at the junction of Brook Street and the A5036 King Edward Street.

Regent 88 is aimed at companies looking for anywhere between a single desk and a suite for 75. The first Regent 88 space is operational at a building in East London, while it also has space in central Birmingham.

Andrew Byrne, associate director at CBRE Liverpool, said: “We are pleased to complete the sale of West Tower to Daniel Johns and look forward to seeing them deliver their Regent 88 serviced office concept.

“West Tower was in high demand from the moment we launched it to the market and with office supply dwindling at a rapid rate in the city it’s no surprise that this figure was achieved. Over the past couple of years inward investment has significantly improved, as investors identify Liverpool as a city well placed for rental and capital growth.”

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This and other examples really prove why Pall Mall must go ahead.

By Liverpolitis