The true stake Farhad Moshiri has in Liverpool's iconic Royal Liver Building has been revealed as the property agency tasked with selling it for £90m hit back after being criticised for the way it described the ownership of the famous landmark.
It was announced earlier this month that the building had been put up for sale for only the second time in its 111-year history and was to be marketed by CBRE. The landmark had previously been sold by Royal London to international property group Corestate Capital in 2017 for £48m, a deal which also involved the global real estate advisor.
When CBRE announced the sale, Corestate Capital was styled as the owner of the grade I-listed property, which is multi-let to major companies including Princes Foods, HSBC, Mott MacDonald, Grant Thornton and Everton Football Club. However, accounts for the Luxembourg-based group reveal it owns only 35% of the building while Everton FC owner Farhad Moshiri owns 49.9%.
