Oval acquired The Capital, a 425,000 sq ft office building in Liverpool, partially let to the Home Office. Before acquisition, Oval worked closely with the occupier to develop an upgrade programme that would meet energy performance standards and support the government’s long-term occupation.

Following agreement of a 27-year overriding lease, the building was sold to Legal & General. Oval then entered into a development joint venture with Legal & General to deliver a £15m capital expenditure programme, addressing EPC requirements and issues relating to mechanical and electrical systems, windows, the roof and concrete structure.