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Property deals defy the economic downturn
Nov 5 2008 by Tony McDonough, Liverpool Daily Post
DEALS are are still being done in Liverpool’s office sector despite the economic downturn, a commercial agent claims.
Ian Steele, a director at GVA Grimley, insists his firm has evidence the local market is showing “defiance”.
His team were involved in a number of deals at Langtree’s speculatively built Connect Business Village, located to the north of the city centre.
Liverpool City Council recently completed the purchase of Unit 15, a 3,330 sq ft building while Unit 9, also comprising 3,330 sq ft was purchased by Condy Lofthouse Architects, and Extra Personnel Logistics will occupy the 1,337 sq ft, Unit 5. Mr Steele said: “The deals signify that the decentralized office market in Merseyside is still relatively active, despite the current economic climate.”
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