The Singapore-based property company will turn the city council's former Municipal Building headquarters into a new luxury hotel.
A report recommending the sale of the Grade II listed building to the developer will go before the local authority on Friday, 03 February.
In addition, a restaurant will also be based at the site which is set to be handed over in Spring.
Following the sale, council workers will relocate to existing sites across Liverpool, while the One Stop Shop based in the building will be relocated to a self-contained unit at the refurbished St John's Market.
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Cllr Malcolm Kennedy said: "Municipal Building has been a magnificent home for Liverpool City Council since the 1860s but we no longer have the staff numbers to justify retaining it.
"I'm delighted we have a buyer of international repute who is looking to use Liverpool to break into the UK and European hotel market. This will have a great impact in terms of generating jobs and bosting out international appeal.
"We will work with FGL to ensure that its future use protects the building's unique architectural features, as we have done with the neighbouring Municipal Annexe and Royal Insurance Building which have also recently been brought back into use as four star hotels.
"The sale will bring in much needed money which we can reinvest in reducing the costs of our capital infrastructure programme, as well as delivering ongoing savings by lowering our overhead."
(LM/MH)
