Who says December is a quiet month for business?! This week we bought The Beat, a mixed-use development in Liverpool ONE from Grosvenor Developments, in a deal worth £5million.
Situated on the corner of Hanover and Seel Street, the 40,000 sq ft leisure and office development is fully let to occupiers including, Liverpool Community NHS Trust, the city’s largest restaurant, Taipan and Clydesdale Bank.
We bought the building conjunction with a private investor client and our proud to say this acquisition is the first in this new area of our business.
Guy explained:
“The Beat is an attractive investment proposition in an exciting location and will continue to benefit from the ongoing success of Liverpool One and the increasing demand for the City as a premier retail and leisure destination.
“Co-investing with partners who want exposure to the property sector as part of a balanced portfolio is a key growth area of the business and we are currently seeking further investment opportunities with long-term asset management and development potential.”
Savills acted on behalf of Grosvenor.