The MannIsland development in Liverpool’s CityCenter is proceeding as the 11-storey, 140,000 square foot office building has been financed by CommerzReal. Merseyside Integrated Transport Authority recently signed a 30-year lease for the property, allowing financing and work to proceed. Construction costs for the office building are estimated at £47 million, and the Authority expects to move into the space in early 2011.
Steve Parry, managing director of Neptune Developments – one of the developers of the MannIsland project – said: “Despite the current economic conditions the deal vindicates our commitment to developing buildings of the highest quality on the site and demonstrates that Liverpool is back on the property investment map.”
Mann Island overlooks the River Mersey and provides another link between the famed Liverpool waterfront and the downtown city center. In addition to the office space, there will be retail shops, cafes and restaurants, public areas, exhibition space and apartments. 376 one, two and three bedroom apartments are being constructed at MannIsland and are currently available for sale.
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