One Derby Square – Liverpool

This imposing building with extensive frontages onto Lord Street, Castle Street and Derby Square comprises 70,000 sq ft of office and retail units over five floors.

The property was acquired for £14.0m in December 2018 and included tenants such as Pret A Manger, Tesco, Medicash and Exchange Chambers.

During the year we completed three lease events which increased the rental income to £1.1m p.a. and full occupation.

LIVERPOOL

Liverpool is the 6th largest City in the UK and 2nd largest in the North West region, after Manchester.

The City has undergone a major resurgence since being awarded European Capital of Culture in 2008, with investment of over £3bn in construction and infrastructure projects.

The City is also home to four universities with an annual student population of approximately 50,000. Liverpool has experienced above average improvements in the skills of both 16-24 and 25-64 year olds, in housing affordability and in terms of falling carbon emissions. (Good Growth for Cities, PwC Report 2019)

Rental income

£1.1m p.a.

Acquisition date

12/2018

Occupancy level

100%

Area

70,161sq ft

Sector

Office / Retail