Millfield Estates have entered the Liverpool property market for the first time, after acquiring Yorkshire House, Chapel Street in a multi-million pound acquisition. The former bank building located within Liverpool’s thriving business district, is now set to undergo an exciting refurbishment programme. The renovation will feature an overhaul of the entrance foyer, landings and vacant suites; a phased upgrade to external elements of the prestigious building including a lighting scheme to make the building a nighttime landmark and infrastructure improvements that will see the building fully enabled for super-fast broadband.
Bolton based Millfield Estates, the property investment arm of W M L Industrial Holdings Ltd, aim to offer high grade office space in this central location and have partnered with brand consultants USP Creative to deliver the design-led refurbishment. Built in 1926, Yorkshire House comprises 24,411 sq ft of office space over 7 floors, and is currently let to occupiers including FMG Consultants, Jayne Moore Media and Stellar Group.
The successful acquisition of Yorkshire House is Millfield Estates’ first acquisition in Liverpool, as part of an expansion of its portfolio across the UK. The new venture is led by property director Paul Dobson, who returns to Liverpool where he studied for a degree in Urban Estate Management.
Paul Dobson commented:
“Yorkshire House is an extremely exciting property that we are proud to own. The renovation work that we have planned is set to give the building the high quality refurbishment that it deserves, as a significant architectural building in the heart of the business district. Liverpool is a thriving city and we are looking for the right additions to the already impressive tenant mix here in Yorkshire House. It’s good to be back, the city really has transformed from my student days here.”
Yorkshire House currently has suites available to let from 880 – 3,100 sq.ft. and new tenants will benefit from the refurbishment from November 2016.
Millfield Estates were represented in the purchase by Simmons McCreedy whilst the vendors were represented by Worthington Owen.
