Liverpool Metquarter for sale & cruise terminal to open

Posted: 22/05/2012

Do you have a spare £25 million? If so, would you be interested in buying Liverpool’s shopping mall, the Metquarter?

The £25 million price tag is a bargain compared to the £90 million it was bought for in 2007. The huge price drop is due to the Liverpool One development that was completed in 2008, which caused the loss of some tenants and customer business.

The shopping centre is 135,626ft  and houses designer brands such as the Armani Exchange and Hugo Boss.

It is being sold by to the Irish Bank Resolution Corporation which was set up to wind down Anglo Irish and Irish Nationwide banks by selling their real estate.

In other news, Liverpool Council will pay £8.8 million back to the Government from its grant to allow cruises to start and finish on the River Mersey.

Mike Penning, the Transport Minister lifted the restrictions that Joe Anderson has fort for since 2010, before his successful election that made him the first Mayor of Liverpool, to allow cruises to port at the terminal.

The news will kick start a new era in the cities long, proud maritime history. The first cruise ship that is set to arrive at Pier Head next week is the 17,500 ton Ocean Countess.

Mayor Joe Anderson spoke to the Liverpool Echo and said, ‘I will not rest until the city is absolutely flourishing in terms of cruise liners visiting Liverpool on a regular basis. This is a city with a maritime history and heritage that is second to none.’ He also recalled watching cruise liners pull into the dock when he was a ten year old boy.

There will be a temporary facility set up on the waterfront to handle baggage and passengers when the Ocean Countess arrives until the permanent facility can be built.

What are your thoughts on the latest news from Liverpool?

Amanda McGovern, Pali Ltd
www.paliltd.com

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(1) Comments liverpool, government, mayor, Joe Anderson, council

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