News

Liverpool City Council Considers Selling Municipal Building

Liverpool Municipal Building

Liverpool City Council proposed selling its 150-year-old, Grade II Municipal Building and relocating 640 workers in order to save £90M over the next three years.

A report prepared ahead of the local authority's cabinet meeting on 30 September recommends declaring the Municipal Building on Dale Street surplus and selling it, according to Insider Media. The building covers 128k SF of office and storage space across four floors, and has the ability to accommodate 1,000 staff. However, due to cutbacks, only 640 employees occupy the building now.

The council is proposing to start moving those employees to other locations throughout the city this month. The cost would be £1.7M. [IM]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's London Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Equinix Bets Big On Slough Data Centres: The London Deal Sheet

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

Clarion Under Contract To Sell 18-Story Seaport Office Tower

Oil Company Expands Again At Cash Register Building

Redevco Buys 560K SF Jaguar Land Rover Logistics Hub In UK IOS Push

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

D.C. Sues To Block HUD Headquarters Move To Virginia

Ken Griffin Completes Takeover Of Brickell Block, Setting Stage For $2.5B Megaproject