A business village in Liverpool has been sold to US property investment company Yakel Consultants Ltd.
The 50,000sq ft Connect Business Village on Derby Road close to Sandhills train station - said to be the first of its kind in the city's northern business district - has been acquired by the Chicago-based firm.
CBRE advised the seller on the deal for the building, which is headquarters of social enterprise PSS and 15 high-spec self-contained offices ranging from 1,488sq ft to 3,526sq ft.
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The site was developed in partnership with Liverpool Land Development Company and Northshore (Atlantic Gateway) Strategic Investment Area.
Liverpool City Region Business News
Manchester law firm Kuits advised Yakel on the purchase and property finance for the acquisition.
Andrew Byrne, associate director at CBRE Liverpool, said: "We are delighted to confirm the sale of Connect Business Village to Yakel. The scheme is unique, being the first of its kind within North Liverpool's business district and offers tenants the opportunity to benefit from high grade office suites with state of the art facilities in a well established location, connecting businesses to the heart of Liverpool."
Located on the A565 Derby Road and adjacent to Sandhills train station, CBRE said the Village is in an "excellent position" on the edge of Liverpool city centre.
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Charlotte Barker, commercial property solicitor at Kuits, said: “Connect Business Village is a significant commercial development for Liverpool with the potential to be a thriving business district due to its prominent location and excellent transport links.
"Kuits was pleased to advise Yakel in acquiring the property as part of its expanding portfolio in the region.”
Samuel Farage, managing director of Yakel said: "The team at Kuits continue to provide us with a key advisory service and this transaction was no different.
"They demonstrated a breadth of expertise, knowledge and commercial acumen to help us with this exciting acquisition.”