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Glenbrook acquires £5 million Liverpool development

Glenbrook has acquired a mixed-use development in Liverpool ONE for £5 million.

‘The Beat’ comprises 40,000 sq ft of leisure and office space on the junction of Hanover Street and Seel Street and is fully let to occupiers including Liverpool Community NHS Trust, Taipan restaurant and Clydesdale Bank.

The mixed-use development has been purchased from Grosvenor Developments with a private investor client and is Glenbrook’s first acquisition in this new area of business.

Guy Butler, director at Glenbrook, says: “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.”

Glenbrook was unrepresented whereas Savills acted on behalf of Grosvenor.

(Picture credit: @McCoy Wynne)