Liverpool charities to be based in the city centre

Dozens of charities in Liverpool could soon be housed in a 42,000 square foot city centre building.

Liverpool Charity and Voluntary Services has bought Stanley House, the former home of betting company Stanley International Betting for £4.8m. The Co-operative Bank contributed £2m and the charity paid the rest.

The infrastructure organisation, which was founded 99 years ago, has rented premises in the city's Castle Street since 1912. The charity, which employs 70 staff, will inhabit one of the four floors, and the other three are being let at £11 per square foot.

Chief executive Alan Lewis said city-centre leases had doubled in price from about £7 a square foot to £14 a square foot over the past year because of regeneration.

"The building will be a lifeline for many charities," he said. "We have already had expressions of interest from more than a dozen charities."

Rob Dawson, senior corporate manager at the Co-operative Bank, said the building would provide a boost to Liverpool's voluntary sector and contributing to its purchase fitted the bank's ethical stance.

LCVS, whose annual income is £3m, expects the building to be ready for hire by the end of the year.

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