Sale of Liverpool landmark Royal Liver Building for 90m on h

The building had been on sale for only the second time in its 111-year history

An attempt to sell the iconic Royal Liver Building in Liverpool for 90m has been called off.

Global real estate advisor CBRE had been marketing the building after it was put up for sale for only the second time in its 111-year historyin March.

The grade I-listed landmark is jointly owned by Everton majority shareholder Farhad Moshiri and is multi-let to major companies including Princes Foods, HSBC, Mott MacDonald, Grant Thornton and Everton Football Club.

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The building was sold by Royal London to international property group Corestatein 2017 for 48m. Weeks laterthe Liverpool Echo revealedMr Moshiri was Corestates partner in the deal.

Corestate Capital currently owns 35% of the building while Mr Moshiri owns 49.9%. It is understood that the other 15.1% is owned by a group of international investors.

A CBRE spokesperson said: Whilst there was significant global and national interest in the asset, the sale process is currently on hold and the owners are forging forward with the active asset management of the property and delivering on the next phase of The Royal Liver Buildings world class occupier environment.

Designed by Walter Aubrey Thomas, the building first opened in July 1911 and on completion was the tallest office building in Europe.

Speaking to the Liverpool Echo in 2017, Mr Moshiri said: I am delighted to have jointly acquired the Royal Liver Building, which is a world-class property in a bustling riverfront location.

Following my investment in Everton last year, I am confident in the prospects for Liverpool as a thriving international city and am pleased that I have been able to make this investment in such a landmark building with potential for further improvement.

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