Investor interest in second-tier regional cities will be tested by the proposed sale of 1 St Paul’s Square in Liverpool.
Sigma Property Investment Management has put the 130,000 sq ft block up for sale on behalf of investors for £35m, a 7% yield.
It is HQ to law firm Hill Dickinson, which has 11 years left on its lease and may look to buy the office for a sale-and-leaseback.
The building will also be targeted at foreign investors and firms struggling to secure central London assets. Cushman & Wakefield is handling the sale.
julia.cahill@estatesgazette.com
