LIVERPOOL City Council is celebrating the full leasing of the 11-storey commercial tower at 52 Scott Street in the Liverpool CBD’s $600M Civic Place. The leases have been signed at or above market rates, including incentives.
In November, the University of Wollongong became the anchor tenant by securing five commercial floors, as well as the mezzanine, separate entry, and signage rights on the landmark building. Another level is leased to community housing provider St George Community Housing.
In addition, Council is in advanced negotiations with a tenant for the final level, with the floor under a Heads of Agreement, which provides a framework for the likely final lease terms. Once signed, this lease will complete the tenancy of the 13,000m² commercial office building.
Liverpool Council itself also occupies four floors of offices and Council chambers in the state-of-the-art facility. The completion of the ambitious commercial leasing strategy will see budgeted revenues return to Council’s bottom line commencing the coming financial year and confirms Council’s long term financial plan.
Liverpool Civic Place is more than a building; it’s a symbol of the city’s ambition. With full occupancy now achieved, this development is set to deliver long-lasting benefits to the community, drive economic growth, and contribute to a vibrant city centre.
Civic Place is the largest public project in Liverpool’s CBD and a catalyst for further development at its southern end. Jointly developed by Liverpool City Council and Built, the visionary development includes council offices, council chambers, childcare facilities, and a 5,000m² city library. The complex also features a new civic plaza and ample parking, serving the community as a vibrant hub for civic engagement and services.
