Client story

Liverpool’s Albert Dock

JLL completes over £1 million worth of refurbishments at Royal Albert Dock Liverpool

Manchester, 20th September 2018 - The North West Project & Development Services at JLL has completed over £1 million worth of refurbishments across 12 commercial units at Royal Albert Dock Liverpool.

The projects include the full strip-out and refurbishment of the Grade I Listed units, which are now ready for new tenants to occupy. JLL’s latest refurbishment and largest to date included the removal of a mezzanine level, replacement of the shop frontage and works to divide the space into two separate retail units.

Since being appointed by Aberdeen Standard Investments in 2016, JLL’s team has delivered over 40,000 sq ft of refurbishment projects across the Britannia Pavilion and Colonnades areas of the historic site. Of the 12 units completed to date, 8 now have leases agreed and the others have provisional offers being reviewed by solicitors. New tenants include Leather Satchel, Lunya Lita, The Beatles Story and Rough Hand Made Bakery occupying new and improved units.

JLL’s work is part of Aberdeen Standard’s ongoing investment into the dock, which achieved Royal status in June in recognition of its position as a world-class leisure destination. As the tenant mix improvement strategy continues, further refurbishments in the pipeline are due to proceed over the next two years.

Keiran Melfi, Associate Director – Project & Development Services at JLL, said: “The ongoing refurbishment of Royal Albert Dock Liverpool will help maintain this area’s status as the centrepiece of Liverpool’s waterfront. Our work is creating spaces fitting for new and existing tenants and will help the area continue to thrive as a key retail and leisure destination for the city.”

Alongside Project & Development Services, JLL’s Planning Consultancy and Property and Asset Management teams are supporting Aberdeen Standard on its redevelopment of the docks.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with nearly 300 corporate offices, operations in over 80 countries and a global workforce of 86,000 as of June 30, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.co.uk

 

Contact: Jonathan Burton

Phone: 0161 235 0354

Email: jonathan.burton@citypress.co.uk