Corestate Capital, the Swiss-based real estate firm, has acquired Liverpool’s most iconic property, The Royal Liver Building, for £48 million ($60 million; €57 million) – the first time the office property has been bought since its construction in 1908. In October, Royal London Mutual Insurance Society, the building’s owner, appointed CBRE to market the Grade 1 listed building with a guide price of around £40 million. Atop each of the building’s towers stand two mythical Liver Birds which, according to legend, keep watch over the city.
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