Professional services company KPMG has signed a new five-year lease of 12,000 sq. ft at No. 8 Princes Dock, Liverpool Waters. KPMG is the longest standing tenant at Princes Dock and have been a resident in the five-storey Grade A office building since 1997.
KPMG joins a string of companies who have either recently renewed or secured new office space at Princes Dock, confirming the waterfront location as one of Liverpool’s leading business destinations.
The new five-year lease will take KPMG’s residency at No. 8 Princes Dock to the quarter of a century mark. During their time at the waterfront office, Peel Land and Property purchased Princes Dock and unveiled their ambitious vision for Liverpool Waters.
After lots of hard work behind the scenes to finalise the Liverpool Waters masterplan, secure planning permission and attract investment, building work is due to get underway soon on three new residential developments that have secured planning permission at Princes Dock.
The news of KPMG’s extended stay at Princes Dock follows an announcement that Euan West will succeed partner Chris Fry as office senior partner from 1 January 2018. The company has also recently made a number of promotions and new hires in the North West, with 80 new graduates, eight school leavers and 35 apprentices joining KPMG. Those new hires were accompanied by a series of internal promotions as the company expanded its presence in the North.
Chris Fry, senior partner at KPMG in Liverpool, said:
“KPMG has had a presence in Liverpool for over 90 years, so I’m delighted to reaffirm our commitment to the region with the renewal of the lease at our Princes Dock home. Over the two decades that we’ve been at Liverpool Waters, we’ve seen the area grow into a vibrant and diverse business community. In the new year, we welcome our new senior partner, Euan West, to our Liverpool office, and I know that he will continue to lead our business from this base to even greater success.”
Liza Marco, asset manager at Liverpool Waters, said:
“KPMG is our longest standing tenant and as one of the world’s leading financial organisations, this lease renewal is not just good news for Liverpool Waters, it’s fantastic for the city region too. Over the past 15 years Princes Dock has developed into a key business destination in the North West and with more development scheduled for next year, we expect to be expanding this growing neighbourhood and welcoming more businesses to Liverpool Waters.”