Liverpool’s Elevator Studios sold to property developer
Elevator Studios, which is home to dozens of creative companies, has been acquired by property developer, CERT.
The Grade II-listed building is made up of 4 warehouses totalling 90,000sq ft and was originally bought and developed by brothers Tim and Paul Speed in 2007.
“The original plan was to take these buildings that were once filled with goods from the port, and to fill them with businesses and companies with fantastic ideas,” explained Tim Speed
“It’s been great to have played a small part in the regeneration and reinvention of the City of Liverpool and in particular the Baltic Triangle in recent years. These buildings can never really be owned by anyone, they can only be looked after, and we wish Cert Property and their partners great success as the new custodians of the Parliament Street Warehouses.”
Elevator Studios was one of the catalysts of the city’s creative hub in the Baltic Triangle area and has attracted firms working across digital, tech, games and marketing. It’s now fully tenanted.
“Elevator Studios is a perfect fit for our philosophy of investing in not just commercial spaces but communities,” added Howard Lord, Managing Director of CERT property.
“The building has already got an amazing energy and an established community of creative businesses based there who have grown from start-ups to mature businesses and we are looking to help support them with their future ambitions for growth with our plans for Elevator. We are already seeing our tenants talk to us about what will be a more physical experience-led environment to attract and retain talent. We plan to work with current tenants to make the building an even better place to work & create.”