Sentric doubles Liverpool footprint
Leaving its 5,000 sq ft office at Elevator Studios behind, the independent music publisher has taken 13,000 sq ft at Exchange Flags.
Sentric has signed an 11-year lease for an office in the Walker House portion of the Ashtrom Properties-owned Exchange Flags.
The publisher’s chief executive and founder, Chris Meehan, said: “We outgrew our previous home at Elevator Studios and, after an extensive search, chose Walker House as it offers an attractive, bright working environment for our staff.
“Exchange Flags is a great location right at the heart of the city centre that will see us through our next phase of growth,” Meehan concluded.
News of Sentric’s move comes just weeks after video game developer Wushu Studio took a similar size space at the same building. Wushu had also previously been at Elevator Studios off Parliament Street in Liverpool’s Baltic Triangle.
Space remains at Exchange Flags, with offices of between 1,000 sq ft and 25,000 sq ft available.
Reflecting on the deal with Sentric, Ashtrom chief executive Guy Lewinsohn said: “Together with the recent letting to Wushu Studios, we think this demonstrates the building’s appeal to leading creative businesses, who are a very important sector in Liverpool, and it validates our continued investment in the building.”
Worthington Owen acted for Ashtrom on the deal. Sentric was unrepresented.
Liverpool’s office market has been relatively steady over the past few months, with the city recording 284,000 sq ft of take-up in 2023 – a figure in line with the year before.
Baltic needs some shiny new offices to encourage growing businesses to stay , there was meant to be an office block planned on the junction of Jamaica St and Greenland St but though permission was granted two years back it looked like a dud from the start. Anyway good luck to them at Exchange Flags a really great location and good public transport.
By Anonymous
Good but why aren’t developers building offices in Baltic? Demand obviously there but not the vision!
By Roy
Roy – office development isn’t viable in most regional cities without public intervention. They’d need to be getting £50-£60k/sqft to make anything new stack up. Headline rents in Liv are currentlly c.£25.
By Viability