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Refit of Merseyside ‘eyesore’ gets under way

Posted by Marianne
March 19, 2014 in Property Development

The multi-million pound refurbishment of a derelict building in the centre of Liverpool has started, nearly six months after planning permission was first granted in September of last year.

Vacant since 2006, Number 12 Tithebarn is now set to become a major business location. The developer is starting works early in March, with a reopening due for next year. The 1970s built building will be transformed into 40,000 square foot of office space.

The restored address, Churchill House, will undergo  office fit out  office fit out works as part of the development. The existing facade will be retained, with a new internal structure. This will create somewhere in the region of 400 new jobs.

Talking about the project, the Development Manager for the site, Louise Pearson, said that the new development will be almost unrecognisable from what is presently on site.

She said:

“This isn’t going to the usual bland and boring refurbishment of an office building… instead we’re going to offer something completely fresh, a genuine alternative type of working environment people are used to.”

The cost of the development has been put at £6m. The majority of this will be met by the developer, whilst £2.4m will come by way of a European regeneration grant.

The final value of the property after the works have been completed is expected to exceed the development costs substantially.

Once released onto the market, it is hoped that the office space will go quickly. A number of local small businesses and start-ups are likely to be attracted to the property.

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