Exchange Station achieves Liverpool’s biggest letting since 2014

Liverpool John Moores University (LJMU) has signed up for 58,000 sq ft at Exchange Station in Liverpool city centre.

The deal, which is the city’s largest office letting since 2014, saw Commercial Estates Group (CEG) exchange contracts with LJMU in partnership with Anglo Scandinavian Estates, as the university prepares to relocate 400 staff to the development.

LJMU acquired the space on a 10-year lease and will operate across four floors.

The announcement follows the joint venture’s acquisition of the scheme earlier this year before launching a £7m phased refurbishment project.

Discussing the decision to relocate, Colin Davies, the university’s director of estate management, said: “Our professional service teams currently operate across multiple sites in the city, and so moving the services into one city centre location will create greater synergies between separate departments and provide the staff with excellent, high quality office accommodation in one of the city’s premier locations.”

Commercial Estates Group’s head of investment, Antonia Martin Wright, commented: “Our strong belief in the city’s occupational market played a key part in our decision to acquire Exchange Station.

“The university’s decision to relocate its operations means that the scheme will be 65% occupied and with further deals to be announced shortly, we are confident that Exchange Station will be fully let in the coming months.”

Hitchcock Wright & Partners is a joint agent for Exchange Station alongside Bilfinger GVA.

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