UK Border Agency is signing a lease for 200,000 sq ft at the Capital building in Downing, the heart of Liverpool’s business district, while Merseytravel has planned to commit for 140,000 sq ft in Mann Island. The Capital building has already seen some major renovation, and it is now said to be as good as new offering spacious shared office and desk space.

However, Liverpool has not been able to draw the attention of private players into its office letting market. With stringent environmental norms and high taxes for vacant accommodations, Liverpool might not be left with many lucrative options for the private players. The only available sites in St Paul’s Square and 20 Chapel Street are already mostly filled.

No doubt that in times of such severe credit crunch, any transaction like the Border Agency and Merseytravel can be considered huge successes, but it could have been better had Liverpool been able to attract some major private investors.

In other interesting news from the area, Cain, a local brewer, is now the top sponsor for the International Tennis Tournament in Liverpool this year. The company is said to have been saved from going bankrupt by the Dusanj brothers in the recent past. The organizers of the tournament have admitted high corporate bookings to the extent of 85% already.

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