From The Past Into The Present: Historic Oriel Chambers To Get Major Upgrade

//From The Past Into The Present: Historic Oriel Chambers To Get Major Upgrade

From The Past Into The Present: Historic Oriel Chambers To Get Major Upgrade

One of Liverpool’s most historic buildings, Oriel Chambers, which was designed by renowned architect Peter Ellis is set to have a major upgrade according to Liverpool Business News. The structure, which was built on Water Street in 1864, is now home to over 30 businesses making it one of the leading office spaces in Liverpool’s city centre and is now set to be improved with a huge £750,000 refurbishment.

The Grade I-listed building is believed to have played a huge part in inspiring architects for the designs of some of America’s first skyscrapers meaning it has had a huge impact on the world of architecture not just locally but internationally as well. Ellis’ grid of oriel windows which were designed to maximise the influx of light became of the building’s defining features and were also seen in some of the first skyscrapers in Chicago.

Yakel Property Investment who label themselves as a company who ‘seek and invest in unique real estate opportunities’ acquired the building from family-owned property company Bruntwood who in turn purchased the building for £5 million in 2006. Managing Director at Yakel, Samuel Farage described Oriel Chambers as ‘one of the finest office addresses in Liverpool’ and as a ‘historic hub for business’. The property itself is in a prime location in the heart of Liverpool’s city centre, situated ‘between the grandeur of Water Street’s two other famous landmarks – Liverpool Town Hall and the Royal Liver Building – within walking distance of Liverpool’s iconic waterfront.’

Farage also stated that Yakel will ‘harness the expertise of the team at CBRE to help us realise our future plans for this important office building moving forward’ as well as highlighting how ‘the team at Kuits provided key legal expertise throughout the transaction, demonstrating experience, knowledge and commercial acumen to help us with this unique acquisition.’

Yakel will now take the helm with the assistance of CBRE as the iconic building undergoes significant investment that will facilitate the delivery of new, flexible office space. The space will focus on the health and wellbeing of those within the building and plans also include the repurposing of Oriel Close for tenants and the immediate community as well as the installation of superfast broadband to facilitate optimum productivity.

CBRE, who have been active in Liverpool for over 100 years will provide their skills in commercial and residential property consultancy to assist Yakel in their stewardship of the building. CBRE definitely have the relevant experience when it comes to dealing with historic buildings in Liverpool including a continued involvement with the famous Three Graces building.

Andrew Byrne, Associate Director at CBRE Liverpool, describes Oriel Chambers as a ‘uniquely both historic and contemporary destination for businesses.’ The investment into the building means great things for Liverpool’s local economy and the Liverpool’s architecture scene and architecture jobs. It will be interesting to see how these plans take shape and how they will shape an integral piece of Liverpool’s celebrated architectural history. 

2019-10-15T07:54:17+00:00 News|