Shipping container group Hapag Lloyd has taken 8,858 sq ft of office space at 1 St Paul’s Square in Liverpool on a 10-year lease.
Hapag Lloyd is relocating its team to the recently refurbished 131,247 sq ft building from No 1 Tithebarn Street in April.
Following the refurbishment works undertaken by English Cities Fund, the building has completed new lettings to Direct Line Group (16,694 sq ft) and Keoghs Solicitors (16,933 sq ft) and secured a 46,922 sq ft renewal with Hill Dickinson LLP.
Camilla Bird, from the building’s asset manager Valeo Capital, said “We are delighted to welcome Hapag Lloyd to 1 St Paul’s Square, following completion of the refurbishment to reposition the building and improve the amenities for occupiers.”
Neil Kirkham, senior director and head of CBRE’s Liverpool office, who represented the landlord on the letting, added: “We are delighted to conclude this deal with one of the world’s top five shipping companies. The refurbishment at 1 St Paul’s Square has been delivered to the highest standards and that quality provision has been substantiated by this spate of new lettings.
“There remains just 31,000 sq ft available office space over ground, first and second floors, with the ground floor offering opportunities for a variety of uses, such as retail, bar or restaurant, with suites from circa 2,000 to 8,500 sq ft.”
Jonathan Baucher, director at B1 Real Estate, who represented Hapag Lloyd on the deal, said: “After an extensive market search, the recent repositioning works carried out at No 1 St Paul’s Square coupled with the building’s location and flexibility and efficiency of the floorplate created a real appeal to the business. The Hapag Lloyd business in Liverpool is extremely well established and this move is well aligned to its requirements.”
