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Liverpool’s largest office deal of 2019 signed at 20 Chapel Street

The largest Liverpool office deal of the year so far has been signed at 20 Chapel Street.

The multi-retailer redemption product provider Park Group has taken 25,982 sq ft on a 10-year lease across the building’s third and fourth floors.

Park, whose brands include the Park Christmas Savings Club, will retain its existing site on Valley Road Industrial Estate in Birkenhead.

Property company Glenbrook has been advising Park on its estate strategy.

Worthington Owen and CBRE acted on behalf of Canmoor for 20 Chapel Street.

Ian O’Doherty, CEO of Park Group, says: “The relocation of our core business to Liverpool is another important and tangible step towards us delivering the new strategic plan for the company.

“This major investment exemplifies our commitment to growth, to driving our business forward and to giving our fantastic Park people an excellent work environment in which to flourish.”

Sam Walker, director at Canmoor, which purchased the freehold of the Grade A site on behalf of British Airways Pension Trustees Limited in 2016, adds: “As the largest Liverpool office deal of 2019 to date, securing such a well-known and credible business as Park Group is a massive coup for 20 Chapel Street and is proof that the appetite for high-quality office accommodation in the city offering a wide range of services and amenities to occupiers is still strong.

“This latest letting takes the 15-storey building to 90% occupancy with a diverse mix of high-profile tenants. With limited availability of Grade A space across the city, we expect interest to remain high for the remaining two floors.”