Two Start-Up Ventures Choose Waterfront Location As Their Ideal Offices

Liverpool Waters has welcomed two start-up business tenants to The Quay, Princes Dock, with professional services firm Odin Consulting and financial services provider Epic Finance having recently moved into the city centre location.

For Epic Finance this move is a reflection of the newly-launched firm’s success to date, with further expansion planned.

The start-up plans to use this office as its base, initially focusing on a niche market with future plans to expand into the mainstream vehicle and asset finance markets.

Ty Willson, director of marketing at Epic Finance, said: “Liverpool Waters offers a great working environment right here in the city centre, bringing fantastic opportunities for us to recruit locally and allowing us to achieve our ambition of developing our business throughout the country.

“Liverpool is an ideal place to grow a new business and we foresee significant expansion over the next three years. This location will provide great opportunities for our peoples’ careers to flourish and grow with the business.”

Odin Consulting, another newly-launched business which has previously seen its staff working in Manchester and remotely, has brought its staff to the Liverpool city centre location.

The team were looking for their own office space rather than a shared or co-working environment close to the city centre, but ideally in a quiet location with light and airy office space.

Odin Consulting director, Tamlyn Stone, said: “The quality of the building, the estuary and dock views and the fact that it is close to Moorfields station and the city centre were key factors in our decision to move to Liverpool Waters

“To leave our home offices and move to a city centre base, the office needed to be somewhere inspirational where we and our clients want to travel to, and this location ticks all of the boxes.

“The use of the internal atrium, the ability to hire a variety of meeting rooms and have a car park just next door mean that our relocation to Liverpool Waters made perfect sense.”

Tamlyn added: “We plan to establish and grow our business providing professional accounting and business advice to entrepreneurial businesses using this location as the catalyst for servicing existing and obtaining new clients.

“Much of our work is conducted in our clients’ offices, so this space will provide a perfect hub to tie our business operations together.”

Liza Marco, asset manager at Liverpool Waters, part of Peel L&P, said: “It’s incredibly exciting to have these two start-up businesses joining us at Liverpool Waters, using the location as a catalyst to help their businesses grow.

“Being surrounded by so many businesses across all sizes and sectors means that these new tenants will have enviable access to a huge number of organisations and prospective customers and clients in the city centre. We look forward to seeing what the future holds for these new businesses.”

She added: “There continues to be significant demand for commercial office space at Princes Dock, which allows us to progress with our plans for the wider Liverpool Waters scheme.”

Liverpool Waters is the site of a £5.5bn development programme by Peel L&P, including commercial and residential schemes, and the site for Everton FC’s proposed new stadium.

Video games group moves into city centre in ‘one of biggest deals this decade’

Sony Interactive Entertainment Europe have exchanged on a deal to lease all the office space compromising 65,000 sq ft over three floors in the Echo Place development on Old Hall Street, Liverpool.

Neil Hodgson, from TheBusinessDesk.com reports that the video games giant said the deal for the offices, overlooking the World Heritage waterfront, will be one of the largest office in the city this decade.

The former Liverpool Echo headquarters building is in the process of being redeveloped by owner Reach in conjunction with Dubai-based Select Group following the forward funding of the project in 2018.

This is a fantastic addition to Old Hall Street at the heart of Liverpool’s Central Business District and less than 10 minutes walk from Central Docks, Liverpool Waters.

The development includes a full service 207-bed hotel which has been leased to Spain’s Meliá Hotels International Group for their chic INNSiDE brand, opening in Spring 2020.

The hotel will provide a restaurant and bar at street level with a sky bar on the 17th floor with 365˚ views across the city and the world-famous Three Graces.

The project also provides five new retail units with frontage onto Old Hall Street and Brook Street totalling 10,000 sq ft, two of which are currently under offer to a major retail group.

Sony Interactive will relocate around 500 staff to the offices in June next year from its current base on Wavertree Technology Park Liverpool where it has been based since 1996.

Why city centre living is now more popular than ever in the UK

The populations of some of the country’s major cities have more than doubled over the past 15 years, especially in the north of England, and urban living is now the top choice for youngsters.

 The likes of Liverpool has seen so much investment and growth since the turn of the millennium, they are arguably almost unrecognisable now compared to what they once were. Trendy bars, upmarket shops, modern office blocks and smart residential units have all sprung up to attract a whole new type of resident, and as a result the populations have grown exponentially.

Since 2002, the number of people living in Liverpool city centre has almost tripled, from 9,100 people to 25,600 people in 2015 when the data was last compiled by the Centre for Cities – an increase of 181% making Liverpool the fastest growing city in the country. Regeneration in areas such as the Albert Dock, as well as the huge levels of investment seen as a result of the city being crowned the European Capital of Culture in 2008, have all served to transform Liverpool over recent years and attract huge numbers of new inhabitants.

The second fastest growing city was Birmingham, which saw its population soar by 163% over the same period, growing from 9,800 to 25,800 people. This is followed by Leeds which has multiplied by 150% from 12,900 to 32,300 city centre dwellers, and Manchester with a 149% leap from 14,300 to 35,600 people.

A different type of city dweller

Urban regeneration introduced largely by Labour in the early 2000s has played a huge part in all of these cities’ transformations, while student populations have also risen which has provided a huge contribution to the city centre populations. Graduating students have been enticed to stay on in the cities, attracted by an increase in the job markets, which has also led to a rise in young professionals relocating to city centres in search of the best employment options.

Young, single professionals are one of the top inhabitants of city centres now, with the number of 20 to 29-year-olds living in large cities rising by almost three times over the first 10 years of the millennium, and this trend seems set to continue. Three-quarters of city centre residents live in rented flats, while more than a third are educated to degree level, with more than 50% working in high-skilled jobs.

How London compares

While London has by far the highest population, and the biggest growth in terms of numbers from 268,700 to 327,200, the actual percentage change is relatively small at just 22% between 2002 and 2015. This could be a result of the lack of available land on which to build and increase residential accommodation, as well as the higher costs involved.

The results were compiled based on the “city centre” of London encompassing a two-mile radius from the centre, a 0.8-mile radius for cities with 550,000 to four million inhabitants, and a 0.6-mile radius for towns and cities with populations of 135,000 to 550,000.

Investing in the city of Liverpool and why it is so increasingly popular

As a buzzing metropolitan city, the economy of Liverpool has expanded at a faster pace than the rest of the UK.

Stadium update on Everton’s Bramley-Moore Dock Move

Everton CEO Denise Barrett-Baxendale has delivered an update to 50,000 Blues fans on the club’s proposed Bramley-Moore Dock move.

The updates on Bramley-Moore Dock and Goodison Park are eagerly received.

The CEO explains that:

  • Engagement with local residents of L4 will start this summer on the Goodison Park legacy.
  • The club is close to confirming the appointment of a new Stadium Project Director.
  • No final decisions on capacity or final detailed designs have been made and fans will be further consulted before final commitments are made.
  • There has been progress in work to secure finance but while the club continues to work with Liverpool City Council, it is also continuing to explore other options.
  • More engagement and consultation with fans on both the Bramley-Moore and Goodison Park projects is planned.

 

Barrett-Baxendale said: “Delivering a new waterfront home for Everton at Bramley-Moore Dock and a suitable lasting legacy for Goodison Park is one of the main priorities of the Board of Directors and something we are absolutely committed to delivering.

“Our new home on the waterfront will not only be a fantastic new stadium for Everton but also kick-start a £1bn regeneration of North Liverpool.

“We’re proud to be the catalyst for significant numbers of new homes, jobs and infrastructure – as well as introducing our world-famous waterfront to billions of Premier League fans on a regular basis.

“It is vital we get the right design and capacity at Bramley-Moore Dock and that the project remains affordable.

“No final decisions on either the capacity or final detailed designs have been made but your input into this process has been vital and I can assure you that we will consult further on these matters before final commitments are made.

“There has been progress in our work to secure finance for our new home. We are continuing to work with Liverpool City Council, as well as continuing to explore other options to secure the money needed to take the project forward.”

Barrett-Baxendale added: “I fully appreciate that all our fans want more regular updates from us on the new stadium project, and I thank you all for your patience to date.

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Devolution deal progresses as Liverpool receives major investment boost

As the Northern Powerhouse continues to boost the economy of the north, the latest funding agreement secured in Liverpool will spell huge changes for the city, writes Eleanor Harvey from Buy Association.

Liverpool City Region has been granted further funding powers as part of the Northern Powerhouse initiative this week, which will give the city greater freedom to spend a £120m revenue budget as part of a huge investment boost.

Along with the Combined Authority, Liverpool City Region metro mayor Steve Rotheram will now be granted more powers in terms of planning and investing in the local area, with housing, transport improvements and learning facilities at the top of the agenda.

Devolution away from Whitehall towards Northern Powerhouse areas such as Liverpool and Manchester has been in progress for a number of years now, with a £900m devolution deal secured in 2015, and this latest agreement will see even more scope for improvement and change in the area.

Confidence in Liverpool

Robert Jenrick, Exchequer Secretary to the Treasury, commented: “Liverpool and Merseyside are important parts of the Northern Powerhouse, with businesses in the region delivering vital skills, jobs and growth.

“Since 2010 we’ve seen nearly 50,000 new jobs created in the Liverpool City Region alone, and inward investment increased by 6% in the north-west as a whole in the last year.”

“Today’s announcement will build on this progress and provide greater flexibility for leaders to deliver the jobs, infrastructure and growth in productivity that will help secure the region’s place in the new economy.”

The long-term economic growth of the area will be the prime focus of the funding agreement, rather than day-to-day running costs, according to Liverpool Council.

Metro mayor Steve Rotheram added: “I welcome this announcement which gives us more power over how we use the £30m a year we receive from central government under our devolution agreement. This shows their confidence in our ability to drive long-term growth and make a real difference to people’s lives across the city region.”

£7m deal revives Liverpool brewery and creates 200 jobs

Cains beer is set to return to Liverpool as part of a £7m investment that will create 200 jobs.

Liverpool developer Andrew Mikhail has taken the famous Cains brand that will see a multi-million investment rejuvenating its home in the Baltic Triangle area of Liverpool.

He has built up an impressive portfolio of businesses spanning the North West over two decades which has recently included bars and hotels in Liverpool, Southport and St Helens, where he grew up from age 14.

Now Mr Mikhail, the son of a Liverpool GP, is set to make his mark on the biggest investment in his company’s history to date after revealing the deal with Cains Brewery, which ceased production of its famous range of beers at its Stanhope Street site in 2013.

He said: “This is a pivotal moment for our business, the Cains Brewery Company.

“Cains Brewery and Liverpool are such iconic brands and Cains, of course, is part of the city’s heritage.

“We’re investing an initial £7m in four phases as part of bringing to life what is a 15,000 sq ft scheme on three levels, plus a basement with incredible potential.

“After speaking with Cains’ former managing director Sid (Sudarghara) Dusanj for around six months, he told me he was delighted to pass on the Cains’ brand to someone who is so passionate about the Brewery Village scheme and the city.

“I was born in Liverpool with a family history that goes back several generations and my vision is based around making this city great again.

“Cains is a resilient brand, just like Liverpool, and we’re really excited to be bringing Cains Brewery back, albeit with a new direction that will bring national attention to Liverpool for all the right reasons.”

Sid Dusanj, managing director of Brewery Village Ltd, said: “The brewery village concept started five years ago and it’s great to see that Cains Beers will be brought back to life within the Grade II-listed brewery by entrepreneur Andrew Mikhail and soon to be re-launched after brewing stopped back in May 2013.”

Plans include a craft-brewery with cask and keg beers, an Altrincham-market style venture for artisan food and drink lovers, and a state of the art sky bar.

In addition, another bar with capacity for 120, already named as The Quarter Hoop, plus a brewery hall housing 400 guests, will sit alongside the existing Brewery Tap and the Punch Tarmey brand – part of Mr Mikhail’s existing portfolio – that will operate on the other side of the brewery.

“It’s an astonishing building and that’s why we’ve put together such a bold scheme,” said Mr Mikhail.

“There’s two cavernous tunnels running through the site that we will be converting into two live music venues.

“Plus, there’s even a well that consists of a 40ft-long lake that’s 12ft deep – all part of the great history of this site.”

The underground lake was used for brewing the Cains beer range, giving it a distinctive taste all of its own.

The four phases being developed over three years include phase one’s Punch Tarmey, an artisan food and drink hall, and the brewery in phase two, the sky bar in phase three, and the hotel in phase four.

Mr Mikhail said the new Cain’s Brewery project will create 200 jobs and will partly model itself on the Guinness Brewery in Dublin.

“For example, we’re going to create one of the biggest Irish bars in the industry that will be sports-led, include brewery tours, lots of customer interaction with a child-friendly, family-friendly vibe.”

Mr Mikhail concluded: “The Cains Brewery deal is both a professional and personal dream come true for me, especially because of my Irish roots.

“My great grandfather was a renowned bare-knuckle fighter nicknamed Punch Tarmey, the name that gave birth to an existing portfolio of bars we own and operate in the region.

“Plus, my dear nan was such a hard-working, humble Irish woman who came from nothing and saved every penny to see her family were ok.

“I know she’d be feeling very proud right now, as we all are, and we can’t wait to maximise the potential of this development at Cains Brewery. It’s a really prestigious win for us.”

 

Liverpool set to become the “Hollywood” of the UK

Hollywood stars will be heading to Liverpool after one of London’s leading film and TV studios announced plans to open a major new complex in the city.

Twickenham Studios in south-west London has been home to productions ranging from Black Mirror to War Horse.

It will expand with a new £50 million base at the 85,000 sq ft 1930s art deco former Littlewoods headquarters in Liverpool, which was once home to the football pools. Work to turn the former Littlewoods building in Edge Lane into a film studio “Hollywood of the North” could start this summer and be up and running by 2020. This is set to be a game changer for the city and according to economics firm Ekosgen, the project is expected to generate more than 570 jobs and support a further 2000 jobs in the region, providing a £124m boost to the local economy.

The city has become increasingly popular with film-makers and Liverpool Film Office says it is now the most filmed city in the UK outside London.

The film office saw its busiest year ever in 2017, with productions including Fantastic Beasts and the return of Peaky Blinders.

And the office is expecting another busy year in 2018, with police drama Bulletproof filming here already and a TV version of War of the Worlds set to film here.

 

Twickenham Studios’ Maria Walker said it was “a good fit” for major US films.   She added “When we saw the vision for Littlewoods we knew we had to be a part of what was an incredibly special place. Liverpool’s architecture, accessibility and can do attitude sees film -makers return to the city time and time again. With the added benefit of our studios, they’ll have gold-standard facilities right on the doorstep of unique exterior locations.  It will be great to see Liverpool become an internstional focal point for TV and film.”

TV shows will also be made on the Littlewoods building’s two new sound stages, and the move comes amid a boom in TV and film production in the UK.

Foreign studios spent £1.9bn in the UK in 2017 – almost double the amount spent four years previously.

Ms Walker, who is chief operating officer of Twickenham Studios, said the Littlewoods building was reminiscent of Los Angeles’ landmark studios.

“It actually looks like a Hollywood studio,” she told BBC News. “It has that right vibe.

 

In the future Meryl Streep and Hugh Grant’s Oscar-nominated Florence Foster Jenkins – which was partly shot in Twickenham but filmed exterior scenes in Liverpool – could be based solely in the city.

“It’s a good fit for those large American films,” Ms Walker said. “We haven’t got the capacity to build bigger stages. What Liverpool has is space.”

Twickenham Studios will take over 85,000 sq ft of the 300,000 sq ft at the Littlewoods building, with other film and TV companies expected to follow.

Tim Heatley, co-founder of the building’s developers Capital & Centric, said: “Twickenham Studios couldn’t be a better fit.

“They’ll bring a century’s worth of film-making heritage and help to write a new chapter for the creative industries in and around Liverpool.”

Liverpool is well on it’s way to delivering a world-class filming destination for the UK, with one of its most iconic buildings at its heart.

Liverpool trouncing Manchester as ‘true Northern Powerhouse’

Liverpool is outperforming Manchester and is England’s fastest growing city outside of London over the past 20 years.

New analysis from city economics experts ‘City Metric’ has looked at data from the Centre for Cities think tank – and it looks very, very good for Liverpool.

The data shows that Liverpool has doubled the size of its economy since 1998 and that prior to the financial crash it was the single fastest growing economy in the whole of the UK.

City Metric’s editor John Elledge wrote an article in which he claims it is Liverpool and not Manchester that should be considered as the ‘true Northern Powerhouse’ based on its growth over the past two decades.

“By 2016, its economy was worth more than 2.3 times the amount it was worth just 18 years earlier. That’s equivalent to an average annual growth rate of about 4.8 per cent, which is really not to be sniffed at.”

A lot has been discussed about re balancing the country’s economy away from London and as City Metric points out, this narrative tends to point naturally to Manchester in most people’s minds as well as the official second city of Birmingham.

But as its editor states, this has not been the case and it is Scousers that have seen the most positive change in their city.

He writes: “When we talk about re balancing England’s economy away from London, it tends to be Manchester that comes to mind – or, at a push, Birmingham.

But the latter turns out to have been one of the slowest expanding city economies since 1998, with an average annual growth rate of just 3%. Manchester fares better, but it’s still only mid-table, at 3.7%.

“The true Northern Powerhouse since 1998 has been Liverpool.

One thing Mr Elledge says he cannot fully explain is what has driven Liverpool’s remarkable growth and what has gone wrong in other cities such as Birmingham, but one thing he and others now recognise is what an important economic force the city of Liverpool now is.

UK named “Country of Honour” as trade mission heads to flagship Chinese International Industrial Fair

A business delegation including of some of the UK’s best advanced manufacturing and innovation companies will head to China this week to boost growing bilateral trade and investment ties.