Wednesday, 27 April 2011

Liverpool. Council buys property for $19.1m

Liverpool City Council has bought the 23-year-old property, at 33 Moore Street, which it currently uses since a fire destroyed if former offices, at Hoxton Park Road, for $19.1 million. Council's general manager, Farooq Portelli, said that after an analysis and review of the options with advice from both internal sources and external consultants, it was clear that the purchase of 33 Moore Street was the best option. The building, which requires $4.5 million in the short to intermediate term in upgrade works, has a capacity for further development opportunities with the neighbouring property, he said.



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