According to reports international electronics retailer Sony are in talks to relocate. They have been in their current location at Wavertree Technology Park since 1997. However, they are reportedly now in discussions to relocate to Old Hall Street. They are looking to take over a 50,000sq. ft. space in the Echo Building, which has previously been home to the Liverpool Echo newspaper.
If the deal does go ahead, it will be a substantial achievement for Liverpool – as it would be one of the largest deals the city has seen in the last decade.
The Liverpool Echo moved its 300 staff to their new location at St. Paul’s Square a few months ago, leaving their previous office space empty.
In October, the space in The Echo Building was bought by Select Group, an investment company from Dubai. They plan to refurbish the office space, turning it into 300,000 sq. ft. of mix-use office and retail space. The work is transforming the space into a hotel with over 200 bedrooms, high-quality office space (around 50,000 sq. ft.) and a ground floor with 26,000 sq. ft. of retail space.
There are also plans in place for the top floor of the building to be upgraded to offer top-quality conference space, with views over the city thanks to a fully-fitted sky bar and a full restaurant and bar.
Even the outside of the building is going to get a makeover with brand new granite cladding and windows throughout.
Sony is reportedly in talks with building owners to be able to relocate there once work is finished in January 2020. This would be one of Liverpool’s largest deals of the decade, so many people will be hoping that the deal does go ahead. This follows the Royal College of Physicians taking over space at The Spine & the Government Property Unity letting 270,000 sq ft. of space in the Indian Buildings.