Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Birmingham Post
Birmingham Post
Business
Jon Robinson

Royal Liver Building: Iconic Liverpool landmark put up for sale with £90m price tag

The iconic Royal Liver Building in Liverpool, which is jointly owned by Everton majority shareholder Farhad Moshiri, has been put up for sale for £90m

It is only the second time the building has been put up for sale in its 111-year history.

The building was sold by Royal London to international property group Corestate in 2017 for £48m. Weeks later the Liverpool Echo revealed Mr Moshiri was Corestate's partner in the deal.

READ MORE: Click here to sign up to the BusinessLive North West newsletter

Global real estate advisor CBRE, which was involved in the previous sale, has been re-appointed to market the building.

The grade I-listed property is multi-let to major companies including Princes Foods, HSBC, Mott MacDonald, Grant Thornton and Everton Football Club.

The Royal Liver Building in Liverpool has been put up for sale for the second time in its 111-year history (Ed Rhodes / Alamy Stock Photo)

It has also recently featured in blockbuster The Batman, which also used other Liverpool landmarks to create the fictional Gotham City.

Colin Thomasson, CBRE executive director for investment properties, said: " We are truly honoured to be mandated to sell the Royal Liver Building, the most recognisable office building in the North of England and an icon on the global stage.

"It is an exceptional investment opportunity which offers investors the chance to not only own a piece of history but also a property with considerable potential to add further value and continue the refurbishment programme the current owners have already executed.

Everton owner Farhad Moshiri (Chris Brunskill/Fantasista/Getty Images)

"With Grade A office supply in Liverpool currently at an all time low and rising occupier demand, we anticipate strong demand amongst investors for the asset."

Designed by Walter Aubrey Thomas, the building first opened in July 1911 and on completion was the tallest office building in Europe.

Speaking to the Liverpool Echo in 2017, Mr Moshiri said: "I am delighted to have jointly acquired the Royal Liver Building, which is a world-class property in a bustling riverfront location.

Filming of 'The Batman' movie at the Pier Head waterfront Royal Liver Building in Liverpool city centre (Julian Hamilton/Daily Mirror)

"Following my investment in Everton last year, I am confident in the prospects for Liverpool as a thriving international city and am pleased that I have been able to make this investment in such a landmark building with potential for further improvement."

Speaking to the Echo in February that year to announce the deal, Corestate founder Thomas Landschreiber described the building as "crazy and unique".

He added: "The next step is to invest money and get tenants for the vacant space where we see a huge opportunity for Liverpool at the moment."

Mr Moshiri hit the headlines in recent days after he and Everton chairman Bill Kenwright matched the Premier League club's £250,000 donation to support the humanitarian fundraising effort for those affected by Russia's invasion of Ukraine.

In January he invested a further £100m in Everton, a move which saw him acquire an additional 33,333 shares in the club, through Blue Haven Holdings Limited. The deal took shareholding to 94.1%.

BusinessLive has contacted CBRE and Everton FC about what the deal would mean for Mr Moshiri's investment.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.