G-Suite acquires properties in Manchester and Liverpool as part of a £250m regeneration project
Hong Kong-based property development company G-Suite Holdings has acquired properties in Liverpool and Manchester as part of a £250m regeneration project.
G-Suite which also has an office in Manchester, recently acquired properties at 2 Moorfields and 35/37 Dale Street in Liverpool city centre and two properties in Middleton, Manchester. Both buildings in Liverpool will be extensively renovated in a £20m project to convert the properties into boutique apartments to then be sold to overseas investors.
Fergal O’Cleirigh, head of Bermans property department who advised G-Suite on the acquisitions in Liverpool and Warwick Mill in Manchester said:
“Boutique apartments are fast becoming popular accommodation for young professionals who don’t want to go down the traditional route of flat sharing and more affluent foreign students. Property companies such as G-Suite are vital to continue the regeneration of Liverpool by reviving landmark buildings such as these and bringing them back to life.”
“The Manchester properties are to be converted into 300 units of boutique apartments, 400 car parks and 200,000 square feet for the trading centre and food courts in order to provide the business platform in the UK for businesses based in the Far East. The total value for the completion of the properties in Manchester, Warwick Mill and London House will be over £200 million. This is fantastic news for the North West economy as these key acquisitions will attract significant overseas investment to the area.”
“We are delighted to have been involved in these significant transactions and look forward to continuing to work with G-Suite on further acquisitions in the future.”
G-Suite also owns Cardinal Court in Oldham which it recently acquired for residential development.