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Princes buys Royal Liver Building for £60 million

Princes has purchased the historic Liverpool landmark, ensuring stability for current tenants.

July 21, 2025 at 06:35 PM

The Royal Liver Building has a new owner

The iconic Liverpool landmark has been sold as part of a significant investment strategy.

Princes acquires Royal Liver Building for £60m

The Royal Liver Building, a notable landmark in Liverpool, has been sold to Princes for £60 million. Previously, it was jointly owned by Farhad Moshiri and the property group Corestate, which acquired the building in 2017 for £48 million. Princes plans to use the building as its corporate headquarters and a venue for public events. The company is committed to maintaining current tenant arrangements and operations, ensuring stability for its employees and partners. According to Princes, this acquisition emphasizes their commitment to Liverpool and supports their growth strategy.

Key Takeaways

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Princes acquired the Royal Liver Building for £60 million.

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The building had previous ownership ties to Farhad Moshiri and Corestate.

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Plans include using the space for corporate and public events.

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Existing operations and tenant agreements will remain unchanged.

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Princes aims to expand its roots in Liverpool with this purchase.

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This acquisition may set a trend for similar investments in historic properties.

"Liverpool is an integral part of our heritage and future."

Simon Harrison, CEO of Princes, highlights the company's commitment to Liverpool.

"Securing the Royal Liver Building reflects our commitment to this great city."

Harrison underscores the significance of the acquisition for their growth and community ties.

"Being headquartered in such an iconic location will inspire our colleagues."

Joe Dent, chief people officer, emphasizes the pride associated with the new location.

This purchase highlights the growing interest in historic buildings and the potential for revitalization in urban centers. As companies like Princes invest in landmarks, they not only secure their business future but also contribute to local identity and community development. However, questions may arise about the implications for existing tenants and the overall impact on the area. The long-term vision expressed by Princes indicates a potential shift towards integrating corporate spaces with public engagement, a trend that could reshape how communities interact with historical sites.