ECf joint venture completes largest Liverpool letting so far in 2014

English Cities Fund (ECf), a joint venture between Muse Developments, Legal and General and the Homes and Communities Agency (HCA) has completed the largest letting in Liverpool for 2014 (so far).

They let 22,395 sq ft of office space at the Grade A, BREEAM Excellent, No 4 St Paul’s Square to global consultancy, Mercer.

Mercer has completed a ten year lease on the whole of the fourth and part of the third floor at No 4 St Paul’s Square in what will be the largest letting in the city so far this year and a deal that ECf is confident will be a catalyst for further lettings at the development.

Over 42,000 sq ft has now been taken up in the 109,000 sq ft eight storey building which is set in the heart of Liverpool’s commercial business district.

The speculative building is the third and final phase of development at St Paul’s Square and provides panoramic views across the Merseyside skyline and River Mersey.

Phil Mayall, development director at ECf, said: “We are delighted to welcome world leading consultancy Mercer to No 4 St Paul’s Square. This is the second letting in the building this year following the recent arrival of GVA.

“We have a fantastic offering, and Mercer will also be joining Santander Corporate and CBRE. We look forward to continued success throughout 2014 as more and more businesses see the benefit of being situated in a highly sustainable building in the centre of the city’s thriving commercial business district.”

GVA and CBRE are joint agents for the scheme, GVA acted for ECf and DTZ acted for Mercer.

Mercer is moving its team to No 4 St Paul’s Square from the nearby Exchange Station development.