SILVERSTONE Building Consultancy is overseeing a major refurbishment project at North Western Hotel, Liverpool, on behalf of Fairfield Real Estate Finance.
Raddison RED has agreed to lease the building upon completion in March 2022.
The Grade II Listed building, originally designed by Alfred Waterhouse in 1871, is a classic example of Victorian architecture at the heart of Liverpool’s Civic Centre, directly adjacent to the Lime Street Station.
The building was previously used as a hotel but a major overhaul is now being coordinated by the developer, North Western Hall Investments Limited.
The works include structural alterations and will result in the creation of a 201-bed hotel. The development will also incorporate a restaurant and bar at ground floor level with conference facilities, meeting rooms and a gym at lower ground floor level.
Silverstone, a specialist firm of building surveyors and project managers, will act as project monitor for the duration of the contract. This will include undertaking monthly site inspections and providing feedback to the funder, including the review and agreement of drawdowns from the Facility Agreement.
Ben Rennocks, director at Silverstone Building Consultancy, said: “The refurbishment will breathe life into this classic building that has been vacant for some time. It will also generate much needed jobs and income for the local economy in the longer term”.
The multimillion-pound project will see the creation of a new entrance to the hotel from Lime Street Station. Roofing works, external stonework repairs and the installation of new windows will also be undertaken.
This project marks the latest in a series of successes where Silverstone has been retained as project monitoring surveyor on approximately £85 million worth of new build developments and refurbishments across the north of England.
Deansgate Contractors Limited has been appointed as main contractor on the redevelopment.