Liverpool – the Mersey beats again
Liverpool, the seventh or eighth largest city in the United Kingdom, depending on whose numbers you take, is famously the home of the Merseybeat music of the 1960s. Acts like The Beatles, Gerry & The Pacemakers, The Searchers and Cilla Black, to name just a few, put the city on the world map. Since then, Liverpool has suffered decades of industrial decline and neglect. But things are looking up; the music today is, well, different and the city has moved with the times and has been transformed by regeneration and the usual modern commercial real estate format embracing office, retail, leisure, catering and hospitality sectors.
Green Property Group recently sold the Grade II* listed India Buildings, one of Liverpool’s most iconic properties, to Shelborn Asset Management Ltd, on behalf of overseas clients, for £17 million (€22 million). The transaction was the largest office investment sale in Liverpool in 2015.
The 46,450-square-metre India Buildings is a 10-sto