Iconic Liverpool landmark sold for £48m

Royal Liver Building sold for £48m

Liverpool’s Royal Liver Building has been acquired by a real estate investment manager for £48m.

Luxembourg-based Corestate Capital Holding has bought one of the North West’s most iconic buildings located on Liverpool’s waterfront from Royal London Mutual Insurance Society.

JLL’s capital markets team advised Corestate on the acquisition after the building was put up for sale for the first time in its 100-year history.

The adviser’s team was led by James Porteous, director at JLL, alongside law firm Addleshaw Goddard.

“It’s rare that such a historic building comes to market and Corestate’s move sees it become the owner of one of the most recognisable and prestigious real estate assets in the country, with quality tenants to match,” said James.

Thomas Landschreiber, chief investment officer at Corestate, said it appreciated the building’s heritage and importance to the people of Liverpool.

"This investment reflects our expertise in acquiring premium-quality property assets and we intend to invest substantial funds in order to preserve and strengthen this landmark office building over the long term."

Former occupants of the Royal Liver Building include Bestinvest, HSBC, Princes Foods and the Universities Superannuation Scheme.

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