NEWS

No 4 St Paul’s Square celebrates another year of growth and innovation

2019 has demonstrated another year of growth and success for No 4 St Paul’s Square, which is firmly established as one of the leading office spaces in Liverpool’s commercial district.

During 2018 No 4 secured a string of lettings to a number of professional services businesses and that momentum has continued into 2019. Key lettings to law firm DTM Legal, Avenue HQ and St Paul’s Social mean the building is now close to full - although space does remain.

One of the North West’s most dynamic and fast-growing law firms, DTM Legal, agreed a deal in February to take a third-floor suite at No 4 St Paul’s totalling 3.025 sq ft. The practice now has major bases in both Liverpool and Chester.

Building owner Aberdeen Standard Investments secured a 10 year lease with DTM, a deal delivered by joint agents for No 4 St Paul’s Square, CBRE and Worthington Owen. Not in isolation, as this followed lettings to property & construction consultancy Gleeds, planning consultancy Pegasus and wealth management firm Pavis.

The DTM deal was swiftly followed by a 23,000 sq ft letting to flexible workspace provider Avenue HQ, looking to replicate the success of its first facility at Mann Island on Liverpool’s waterfront, which opened in 2017.

Avenue HQ agreed to occupy the whole of the second floor providing what it calls a “modern approach to the traditional office space” comprised of 22 offices, varying in size, and a number of co-working spaces.

It also included the opening of St Paul’s Social on the ground floor, providing a new bar and eatery and a conference centre with space for 200 people. St Paul’s Social has proved to be transformational for both No 4 itself, and for the wider commercial district. It has created a vibrant social and networking hub that has proved itself to be hugely popular, during the day and well into the evening.

Since acquiring No 4 St Paul’s Square in 2017, Aberdeen have deployed a strategy to create a thriving hub of collaboration, creativity and business growth. There is now a thriving group of occupiers at No 4 that are collectively making a significant contribution to Liverpool city region’s economy.

Aberdeen senior portfolio manager, Mark Briggs, said he was delighted their vision for No 4 was being realised and predicted tenants would continue to grow and achieve more in 2020.

Director at CBRE, Neil Kirkham added:

“No 4 St Paul’s Square is a fantastic asset for us and for Liverpool’s commercial district. We have a diverse tenant mix from businesses operating in sectors including law, property, wealth management, recruitment, digital and two thriving hubs for start-ups at Avenue HQ and the Santander Incubator.

We are looking forward to 2020 and our aim is to see the remaining space at No 4 occupied quickly . We have an amazing offer here and I’ve no doubt we will see new tenants joining our dynamic business community.

I would like to take this opportunity to wish all our occupiers and commercial partners a very happy Christmas and a prosperous New Year.”