Royal Liver Building sells for £48m

The building was put on sale for £40 million last October. Credit: PA

The Royal Liver Building, in Liverpool, has been sold to Luxembourg-based company, Corestate Capital, for £48 million.

The Grade I listed building makes up one of the city's "three graces", alongside the Cunard Building and Port of Liverpool Building.

The property, home to the two famous Liver Birds, extends to more than 330,000 sq ft of office and events space. It is also occupied by ITV, HSBC, Princes Foods, Mott MacDonald and Grant Thornton.

The building was owned by the Royal London Mutual Insurance Society but was put up for sale for £40 million in October 2016.

We will invest significant funds to maintain and strengthen this city-building office building in the long term.

As a new owner of this emblematic building, we appreciate its heritage and its importance to the people of Liverpool.

– Thomas Landschreiber, Chief Investment Officer, Corestate