Liverpool’s Exchange Flags sold for £68m

Shelborn Asset Management has sold the historic Liverpool office building, Exchange Flags, to Ashtrom Properties UK for £68m.

Ashtrom Properties UK has scooped the 359,558 sq ft building, located in the city centre, at a net yield of 7.67%.

The building compromises 313,263 sq ft office space, 27,980 sq ft of retail and leisure accommodation and an 18,315 sq ft museum.

Current tenants at the Grade II listed building include The Secretary of State for Defence, Brabners LLP, Jackson Canter, Regus, DLA Piper and Brookes Bell LLP.

Guy Lewinsohn, chief executive of Ashtrom Properties UK,