Santander has become the first tenant at English Cities Fund’s speculatively built No 4 St Paul’s Square in Liverpool.
The Spanish bank has taken the 14,000 sq ft top floor of the office building as a corporate banking facility for 10 years at a rent of £20 per sq ft.
The 109,000 sq ft grade A building was completed last year by ECF, the joint venture between Muse Developments, Legal & General and the Homes and Communities Agency. It was partially financed by grant funding arranged by Liverpool Vision.
Sue Douthwaite, divisional managing director for Santander Corporate Banking, said: “We have spent the past three years growing our corporate banking business in the region and this move signifies the strength of our business and our commitment to businesses within the Merseyside region.”
Darran Lawless, director of ECF, said: “We believe that this seal of approval from a major corporate will attract other leading businesses to locate at No 4. The Liverpool office market is poised for some significant activity, with a number of very high-profile, large space requirements in the market.”
GVA advised ECF; CBRE advised Santander.
daniel.cunningham@estatesgazette.com
