New Chapel Street Building Picks Up Pace on Letting
The new Chapel Street high rise has attracted significant attention for its office space spread over 150, 000 square feet from Barclay’s Bank, Barclay’s Wealth, Bank of Ireland, Ernst & Young and several other financial as well as other professional services firms, which are in search of some quality office space.
Despite the slow start, the £60 million high-rise at 20 Chapel Street in Liverpool, has begun to witness a steep rise in its lettings as well as positive predictions for the future lettings. The building is divided into two areas, one for residential lettings and the other for commercial lettings in the form of towers.
Rumford Investments had completed the building in 2006, but it was unable to draw the attention of prospective lessees because of its peculiar angular design, which did not suit the taste of many people.
According to a recent statement by Alastair Newman, the commercial marketing consultant of the development, the high rise has got a new tenant for their second floor, Jackson LLP, which has acquired 3,165 square feet of shared office space along with several other lettings in negotiation
Newman also disclosed that the company is already in the process of negotiating upon letting of over 25,000 square feet of space through the investment group. They have also been reported of having received substantial interests in the rest of the property that amounts to over 85, 600 square feet of office space. Reportedly, the investment company will keep the public abreast of the new lettings and has already been treating people to second viewings.
