CBRE’s Property Management team in Liverpool has been appointed to manage the landmark Royal Albert Dock. Following the recent sale of the 375,000 sq ft dock, CBRE is to provide full Property Management services at the historic site.
This new appointment is a continuation of CBRE’s two year contract at the dock for the former owners, with the new mandate focussed on supporting the creative placemaking strategy to be delivered by the new custodians.
The Royal Albert Dock site was acquired this month for £40 million by real estate developer and investor General Projects with investment management partner Neo Capital. The new owners seek to implement a strategy of creative activations and public realm improvements to enhance the site’s public offer and enable it to reach its full potential.
CBRE will support the placemaking vision, as the owners aim to invest in the further evolution of the landmark site as one of the most exciting experiential and authentic destinations in the UK. General Projects and Neo Capital want to create a true community spirit and deliver a place that will benefit the whole city and showcase the best of Liverpool.
The Dock, which welcomes circa six million visitors annually, holds the largest single collection of Grade I listed buildings in England and comprises mixed-use accommodation providing restaurants, bars, retail, two hotels and a range of offices, within four landmark heritage buildings. New restaurants bars and leisure concepts are set to join the estate in the coming years, along with a diverse programme of events and activities.
Andrew Willoughby, Director, CBRE said:
“We are excited to continue our work at the Royal Albert Dock. This is a truly iconic site and the new owners will bring fresh energy and creativity to further stimulate Liverpool’s fantastic waterfront and we look forward to supporting their exciting placemaking vision at the site.”
