An attempt to sell the iconic Royal Liver Building in Liverpool for £90m has been called off.
Global real estate advisor CBRE had been marketing the building after it was put up for sale for only the second time in its 111-year history in March.
The grade I-listed landmark is jointly owned by Everton majority shareholder Farhad Moshiri and is multi-let to major companies including Princes Foods, HSBC, Mott MacDonald, Grant Thornton and Everton Football Club.
READ MORE: Click here to sign up to the BusinessLive North West newsletter
The building was sold by Royal London to international property group Corestate in 2017 for £48m. Weeks later the Liverpool Echo revealed Mr Moshiri was Corestate's partner in the deal.
Corestate Capital currently owns 35% of the building while Mr Moshiri owns 49.9%. It is understood that the other 15.1% is owned by a group of international investors.
A CBRE spokesperson said: "Whilst there was significant global and national interest in the asset, the sale process is currently on hold and the owners are forging forward with the active asset management of the property and delivering on the next phase of The Royal Liver Building’s world class occupier environment."
Designed by Walter Aubrey Thomas, the building first opened in July 1911 and on completion was the tallest office building in Europe.
Speaking to the Liverpool Echo in 2017, Mr Moshiri said: "I am delighted to have jointly acquired the Royal Liver Building, which is a world-class property in a bustling riverfront location.
"Following my investment in Everton last year, I am confident in the prospects for Liverpool as a thriving international city and am pleased that I have been able to make this investment in such a landmark building with potential for further improvement."
READ NEXT:
Jaguar Land Rover to recruit workers fired by Facebook and Twitter to help fill over 800 vacancies
Brother of billionaire Home Bargains founder quits top team after more than 20 years
Will takeover for Christmas vouchers firm Appreciate Group succeed or could rival bid emerge?
Fund worth £20m to back Liverpool start-ups and create jobs announced
