Business partners Martin Wilcocks and Craig Blackwell have bought 122 Old Hall Street, which is well known to motorists for its curved mirrored glass facade on the corner of Old Hall Street and Leeds Street.

The three storey-high building was built in the 1980s by the Moores family for its Littlewoods empire.

Today Shop Direct, which now owns the Littlewoods and Very.co.uk brands, still has some operations in the 32,000 sq ft complex.

Its new owners say they are now considering plans for the building and adjoining land and will announce their redevelopment plans next year.

Mr Blackwell, who runs property investment firm Prospect Capital, said: “It gives us great pleasure to announce the purchase of this iconic site on Old Hall Street.

“The site is positioned, as we see it, at the gateway to the central business district of Liverpool city centre.

“With outlooks across to the city and the River Mersey this sits in a key position on the city landscape.”

Martin Wilcocks, left, and Craig Blackwell outside the mirrored glass building they have bought on the corner of Old Hall Street and Leeds Street