Member Article

Green Property invest £1.5m in Liverpool offices

Green Property have announced a £1.5m contract to refurbish its Liverpool-based office in the Grade II-listed India Buildings.

Work has already started from the investment, which will see the 35,000 sq ft floor revamped into a grade A standard.

Warrington-based interior design and fit-out firm, Claremont Group Interiors will carry out the work to restore the building to what Green Property called “Liverpool’s most prestigious office address.”

Director of Green Property, Mike Tapp, commented: “It’s a stunning building in possibly the best location in Liverpool’s business district, but it needs bringing bang up to date.

“Our investment will catapult it to grade A standard which, when you match that with the stunning architecture, will offer an unbeatable combination,” he added.

“The market is there for space of this quality, and the flexibility that we can offer in terms of configuration and fit-out standards makes India Buildings a compelling offer. We’re expecting to make good progress in lettings as people see for themselves just what we can provide.”

Construction is expected to end in September, and occupiers will be offered the possibility of dividing the floor in quarters upwards.

Mark Worthington, joint letting agent from CBRE, commented: “There is no other floor plate of 35,000 sq ft in the city and the occupational and cost-efficiencies of this, as opposed to splitting a team over two or three floors, are significant – probably around 15% of the total occupier costs. We think those figures will chime with FDs in this market.”

India Buildings was built between 1924 and 1932 as the headquarters for Alfred Holt’s Blue Funnel Line, and was designed by art deco architect, Herbert James Rowse.

Tim Frankland, joint managing director of Claremont Group Interiors, said: “There can be few office buildings as beautiful as this outside London and those occupiers who want to combine operational efficiency with staff and client appeal will find it hard not to put it at the top of their list. It is very encouraging to see a landlord invest speculatively in an upgrade of this quality.”

This was posted in Bdaily's Members' News section by Miranda Dobson .