Wealth management firm expands to new Liverpool offices

Cheviot Asset Management sign up at 5 St Paul’s Square

Article posted: 19 May 2011

Wealth management firm, Cheviot Asset Management, is expanding north with the take up of new office space in Liverpool at 5 St Paul’s Square, a development funded by a joint venture between Standard Life Investments and English Cities Fund.

The independent advisors, who are headquartered at offices in Covent Garden, London, have taken a ten-year lease paying £18.50 per sq ft on 2,900 sq ft of accommodation in the heart of Liverpool’s commercial district.

St Paul’s Square was the first phase of Liverpool’s new commercial district, centred on Old Hall Street and Pall Mall, providing a gateway from Old Hall Street in the development which is masterplanned to supply in excess of 1.5m sq ft of Grade A offices, new high quality public realm, apartments and car parking.

The second phase of development, 5 St Paul’s Square, comprises an 8-storey, 133,000 sq ft Grade A office building which is already occupied by law firm DWF, HBOS and Edward Symmons.

Commenting on the letting, Max Steinberg, chief executive of economic development agency Liverpool Vision, said:“We are delighted that Liverpool continues to attract businesses of this calibre … Cheviot’s location in St Paul’s Square is also a welcome endorsement of this new Grade A office space and underlines how vibrant and attractive Liverpool’s Commercial District is.”

CBRE and GVA are joint agents on the scheme.

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Posted by Sara