Keebles has represented a Doncaster developer in its £4.35m purchase and redevelopment of a former office block into residential apartments in Hull.
The renovation spearheaded by Tivoli Property Trading Limited sees almost 60 one- bedroom apartments being constructed at Tivoli House, Paragon Street with existing commercial tenants remaining on the ground floor.
The former home of Hull City Council’s offices, Tivoli House has been vacant for more than a decade. Complementing a raft of city centre refurbishments, the five-storey mixed use development comprises approximately 30,000 sq ft and is due for completion in July 2019.
Steven Crane, director of Tivoli Property Trading Limited, said: “Hull’s transformation has been phenomenal. Multi-million pound programmes include the Princes Quay Bridge linking the marina to the main city and a raft of vibrant developments in the pipeline.
“City centre living is making a comeback in Hull with an estimated 2,500 homes planned over the next 15 years. We’re delighted to continue playing a role in shaping the city’s future with this residential renovation.”
Schemes already completed by the developer include Paragon House and Ferens Court in Hull along with the transformation of the old police station in Castleford into homes and studio apartments.
Thomas Milner, a solicitor in Keebles’ commercial property department, said: “Hull’s renaissance in the lead up to, and following, its prestigious City of Culture title in 2017 is remarkable. With the upsurge in people wanting to live in a dynamic city centre, this development is both timely and formative.”
Keebles’ 23-strong commercial property team is one of the biggest in the region.