Arcade in India Buildings

Wait nearly over for Weightmans decision

Law firm Weightmans has shortlisted two buildings in Liverpool for its long-running office requirement; staying put in India Buildings or moving to Bruntwood's The Plaza.

The 60,000 sq ft to 70,000 sq ft requirement has been on and off for several years but the buyers' market at present has offered an opportunity the firm seems unlikely to refuse.

Weightmans currently occupies part of the ground, first and second floors at the 350,000 sq ft landmark building on Water Street, which was acquired by Green Property from Greek shipping tycoon Achilleas Kallakis in early 2009.

If it chose to remain at India Buildings, Weightmans would keep the reception on ground floor and take 35,000 sq ft on the refurbished fifth floor.

At The Plaza, Weightmans would have its own self-contained entrance at ground floor level, the former entrance to building before it was moved to St Paul's Square, and part of the second, currently occupied by the UK Border Office.

If the deal does complete this year it will be a welcome boost to take-up in the city, where the first half of 2010 saw only around 100,000 sq ft let in total.

David Colvin at Matthews & Goodman is advising Weightmans.

All parties declined to comment.

Your Comments

Subscribe to our newsletter