Major refurb project makes Maltings ready for new tenants

Maltings

One of Hull’s most iconic city-centre office developments could soon be home to another major employer after the completion of a £1m-plus facelift.

Anchor House, a historic former Hull Brewery building which forms part of The Maltings development, has undergone a major refurbishment – transforming it into a fresh and modern working environment.

The third-floor suite is the latest to be marketed by PPH Commercial after a near £400,000 investment by owner Catalyst Capital, which has seen the reception and communal areas revamped, a new air conditioning system installed and the offices styled in a chic industrial finish.

Over the past two decades, the Maltings has attracted a wide range of local, regional and national companies.

In the last 12 months, the Leeds-based re-mortgage giant Enact Conveyancing and Vertual – a leading UK provider of virtual reality training in radiation therapy – have both chosen Anchor House as their new Hull headquarters.

Ben Cooper, Divisional Director of the Business Space Agency team at PPH, has praised London-based Catalyst Capital for its speculative investment and believes it proves Hull is a great location to do business. He said: “Catalyst is a forward-thinking landlord which is willing to commit to speculative investment because it’s seen how successful this strategy has been by attracting ambitious companies like Enact and Vertual.

“Although this type of investment does come with an element of risk because there is no guaranteed tenant to occupy the refurbished space, it’s great to see that Catalyst has huge faith in the city and its economy.

“I believe the company should be praised for adopting this strategy because it provides a significant boost for Hull and its residents by helping to create new much-needed jobs. Hopefully, the success that this speculative investment has enjoyed will give other commercial property owners the confidence to do likewise.”