Video game developer upsizes in Liverpool
Wushu Studios has signed a 15-year lease on 13,300 sq ft at Ashtrom Properties’ Exchange Flags.
The videogame developer has relocated from 5,000 sq ft on Parliament Street in the Baltic Triangle to Liverpool’s central business district in one of the largest deals in the city this year.
Wushu Studios was founded in 2017 and has more than 150 employees. It is one of many video game developers in Liverpool. Others include Avalanche Studios, Lucid Games, and Sony-owned Firesprite.
Alan McDermott, studio head at Wushu Studios, said that Liverpool is the ideal place for companies like his.
“Liverpool serves as the perfect backdrop for technology and creativity, making Walker House with its central location the ideal setting and a long-term home for our next chapter,” he said.
“This move is not just about the physical space, it’s also what it represents – our commitment to everyone at Wushu and the importance of creating a positive work environment. We’re eager to embrace this change and look forward to what is next”.
CBRE acted for Wushu Studios and Worthington Owen represented Ashtrom Properties. Ashtrom bought Exchange Flags from Shelborn Asset Management for £68m in 2019.
Guy Lewinsohn, chief executive at Ashtrom Properties, said: ‘We are delighted that Wushu Studios have chosen to relocate to Exchange Flags.
“Wushu Studios are precisely the type of creative and modern business that we want to attract to Exchange Flags. We continuously invest in the building and can see the benefits of our hard work to attract businesses from the creative sector are bearing fruit.”
This is a Game changer for Liverpool.
By Anonymous
Great news for the city centre , Exchange Flags is such an icon area and building it would be a great achievement to see it bustling again with quality companies and careers . Well done to all involved
By Paul M - Woolton
We’re in danger of looking like a proper city!
By Roy
Here’s an industry with huge potential to grow well-paid hi-tech jobs. It’s proven its worth already, but where do our civic fathers put most of their inward investment money? In support of the tourism industry, that well-known creator of low-paid work (however valuable it may be to the recipients).
By Anonymous
@Roy oh we already do bud most iconic city outside of the Capital London
By Anonymous
Wonderful news.
By Simulate that!
The traditional and historical centre of business in Liverpool, hence the merchants of the second Port in the British Empire used the original site as “The Exchange”.
Excellent news and every success to the company involved, This is a great incentive for the repopulation of this centre of business to attract more professionals back into the former world beating City of Liverpool. Hurrah,
By Anonymous
Absolutely brilliant and they couldn’t have picked anywhere better.
By Brian Evans
We need more offices
By Anonymous
There’s been more happening in Liverpool’s economy these past two months than there had been for at least 15 years. It feels like things are really moving forward this time.
By Anonymous
An absolute game changer….😅 bless !
By Anonymous
A great addition and great to see Gaming companies moving to the CBD – Wushu – bless you!
By Bill Fingar
This is glorious news , but we need more office’s. My son used to love his game boy and I played on Miss pac man in the arcade’s when we were courting !!
By Mary Woolley
@Mary Woolley Made up for you Mary
By Anonymous