An imposing former department store in Liverpool’s retail core with major asset management potential

A sale of one of the largest and best configured units in Liverpool city centre. This former department store is arranged over basement, ground and seven upper floors and extends to 12,539.20 sq. m (134,972 sq. ft.) in total.

An exceptional asset management opportunity

With only three years unexpired to Tesco, the property offered excellent asset management and redevelopment potential.

Metis detailed these possibilities in the sales particulars to generate a substantial depth of buyer interest for the client, Davy Real Estate.

The Outcome

Metis generated over 10 offers for the investment from a wide range of prospective purchasers including US Private Equity, overseas institutions, developers, UK Plc property companies and retailers. A sale was subsequently completed with a substantial UK retailer.

TESCO Parker Street Liverpool