Orleans House in Edmund Street has been sold to London-based Delph Property Group and will be converted to apartments
Property firm Bruntwood has sold one of its Liverpool city centre office buildings in a £9.6m deal.
Orleans House in Edmund Street has been sold to London-based Delph Property Group, which also owns the nearby West Tower .
The six-storey site, currently an office building, has been purchased with full planning permission for 71 apartments, comprising eight studios, 15 one-bedroom, 45 two- bedroom and three three-bedroom apartments.
Orleans House has a Grade II-listed façade and is located in the city’s commercial district.
Conversion work is expected to finish by the second quarter of 2017.
Once redevelopment works have been completed by Bruntwood, the apartments will
be retained by Delph and made available for the private rental market.
Howard Crocker, managing director of Delph Property Group, said, “Orleans House will be a great addition to our portfolio. We are pleased to be involved in giving this historic building a new lease of life.
“City centre apartments are increasingly attractive to young professionals and there is a growing demand for good quality, high specification rental properties of the type we will be providing at this exciting development.”
Colin Forshaw, head of property at Bruntwood, added: “As custodians of Orleans House for the past 14 years and having preserved its long-term future through a
successful residential conversion, we felt this was the right time to hand over the reins to somebody new.
“The building has such historical and architectural significance for the city and can now play a major role in creating a thriving residential community and night time economy in this part of the commercial district.”