The MRP Group are pleased to announce the release of Project Echo in Liverpool to the market. Project Echo is a converted Grade II listed building encompassing 33 units of serviced apartments in Liverpool’s city centre. Located in a sought-after cosmopolitan area of the city, the site is surrounded by an array of bars and restaurants as well as being a short distance from Liverpool’s business district. This 33 unit aparthotel comprises of studios and one beds, with an average room size of 29 sq m. Additionally, there is the inclusion of a large reception area, a residents lounge and back of house area.
Liverpool has seen an influx of corporate and leisure guests, with enterprise partnerships increasing businesses and job growth to create a global region for business. This regeneration has ensured that Liverpool will be a hub for higher education and global innovation, as well as greatly contributing to Liverpool’s economy. As the largest wealth management centre outside of London and the second fastest growing area for the digital sector, the current corporate market is strong and will continue to grow, consequently driving the demand for serviced accommodation.
The property is owned by Prosperity Capital, and The MRP Group has been retained to find an operator. Project Echo is a fantastic opportunity for an operator to expand their portfolio in the North of England. Liverpool has a strong serviced accommodation market, however Project Echo promises a prominent location with a boutique design and a demand for high-quality aparthotels.
Max Thorne, The MRP Group’s CEO, said: “Liverpool is a core micro-economy in the North of England, and has greatly contributed to the UK’s economy. With blue-chip companies relocating there due to the low rent of office space, Liverpool will benefit from serviced apartments. Liverpool is not only a destination for business but is also popular with tourists as a result of its rich heritage and leisure attractions. The MRP Group are pleased to be able to complete an operator search on behalf of our client.”
The MRP Group was founded in 2013 by Max Thorne after identifying a gap in the sector. The MRP Group is a leading consultant to the extended-stay market focusing on Serviced Apartments and Aparthotels. The group focuses and has extensive experience in advising, structuring, and transacting business agreements in the Serviced Apartment and Aparthotels industry. The firm has extensive property development experience in the UK, Europe, Middle East and Asia. Since its conception, The MRP Group have been nominated for the Industry Breakthrough and Innovation award at the ASAP Awards. This year they were nominated for Best Service Provider and Rising Star at the Serviced Apartment Awards.
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