With an impact on the Merseyside market akin to that of Mo Salah on the red half’s football team, the 270,000 sq ft taken by HMRC at Legal & General’s India Buildings has come to dominate the Liverpool office market, according to Radius Data Exchange.
It ensured CBRE once again claimed top spot while boosting Worthington Owen comfortably to second place.
The HMRC deal accounted for 40% of total space disposed of and has helped mask what would otherwise have been a relatively quiet year for the city, with the number of transactions down almost 25% on the previous 12 months.
The other two biggest deals of the year were both done at St Paul’s Square. Just over 43,000 sq ft at 1 St Paul’s Square, which is owned by a private Israeli investor, was let to Keoghs jointly by Worthington Owen and Mason Owen.
Liverpool Echo’s new 25,500 sq ft home at Standard Life Investments’ 5 St Paul’s Square was the third largest deal of the year, carried out by Worthington Owen and JLL.
Total space disposed was up 23% year on year.
