Squarestone makes £7m Liverpool office purchase

Squarestone Growth has acquired 5 Temple Square in Liverpool from Ventnor for £7.5m, representing a net initial yield of 7.1%.

The 40,700 sq ft office in Liverpool’s commercial business district is fully let to tenants BDO Services, Wealth at Work and Mitchell Charlesworth. Neighbours include architect Falconer Chester Hall.

Rent in 5 Temple Square is around £13.50/sq ft. The building was constructed in 2004 by Villagate, and sold to Ventnor in 2015.

Over the past year, Squarestone has upped its activity in the region, including purchasing Mere Grange Business Park in St Helens for £4.8m from Network Space, buying Manchester Green from Barwood Capital and DB Symmetry for £20m, and opening an office in Manchester’s St Peter’s Square.

Worthington Owen and Christopher Dee acted for Squarestone, while B8RE represented Ventnor.

Your Comments

Read our comments policy

Related Articles

Sign up to receive the Place Daily Briefing

Join more than 12,000 property professionals and receive your free daily round-up of built environment news direct to your inbox

Subscribe

Join more than 12,000 property professionals and sign up to receive your free daily round-up of built environment news direct to your inbox.

By subscribing, you are agreeing to our Terms & Conditions and Privacy Policy

"*" indicates required fields

Name*
Would you also like to receive our free PlaceTech Weekly newsletter, covering innovation in property?*