Family owned property company Bruntwood has pledged to press ahead with £20 million worth of Liverpool development schemes.
The firm, part of Liverpool’s delegation at this week’s MIPIM real estate event in Cannes, is currently undertaking an extensive programme of upgrades to nine properties in the quarter mile area. In addition Bruntwood is part way through several other redevelopment projects including The Plaza, Cotton Quarter and Queen Insurance Buildings.
Over £3 million plus is being spent on the Plaza, where the redevelopment of the 3rd and 4th floors is underway. The scheme involves transforming the former plant floor into workspace and a business lounge.
The £2 million Cotton Quarter redevelopment will see creative workspaces and high speed internet in the Cotton Exchange, a refurbishment of Cotton House and an additional £1 million restaurant investment.
A £4 million scheme is underway at the Grade II listed Queen Insurance Buildings (pictured) on Castle Street. This will deliver a new hotel and restaurant and the refurbishment of the neighbouring building, 24 Queen Avenue.
Finally there are plans for £5 million worth of development for Orleans House later this year, with details expected to be revealed in the coming months. Oriel Chambers and Covent Garden will also benefit from a joint investment totalling £2.5 million this year.
Director of property marketing at Bruntwood, Colin Sinclair said: “We are reaffirming our faith in Liverpool’s bright future by committing to a multimillion pound upgrade of our stock in the heart of the commercial district this year.
“A number of headline schemes are forging ahead and will ultimately provide a real boost to the city’s commercial offer and a catalyst for its economic growth.
“From unique creative spaces and super-fast connectivity to stunning roof gardens and groundbreaking leisure facilities, we are determined to ensure our properties are central to Liverpool’s continued resurgence.”
