Property group may switch cities
A STOCK-MARKET quoted company is understood to be planning to relocate its head office to Liverpool. Property specialist Your Space wants to relocate from Manchester in what would be a major public relations coup for the city.
In recent years Liverpool has lost most of its companies quoted on the London markets and city leaders have been keen to see the trend reversed.
Your Space is listed on the Alternative Investment Market and is currently valued at around £20m. It specialises in renovating listed buildings and converting them into hi-tech modern serviced office accommodation. The company last year opened Il Palazzo in Water Street, a former banking hall that has been refurbished in a £1.6m investment. The building now offers a package that includes a concierge, free telephone calls and broadband and all bills met.
Director Steve Turton said: “We became operational last August and expect the 15,000 sq ft to be fully let by next month. “We have a unique business model converting buildings of character into five star commercial accommodations. The combination of acquiring this building and coming to Liverpool was too good to miss.” He said he was unable to comment on whether a relocation was imminent but added: “Liverpool is a great place to do business at the moment and this is a great flagship building.”
Your Space has eight centres across the country including London, Manchester and Glasgow. However it also has an aggressive expansion programme in the pipeline and plans to open another 30 centres over the next three years. If Il Palazzo proves successful, the company will look for a second building in the city centre to convert.
Mr. Turton added: “Serviced offices are a fast-growing market and we are in a good position to help meet those sorts of needs.”
Written by Barry Turnbull, Liverpool Daily Post