Tuesday, 21st February 2017
Liverpool City Council has appointed a leading team of property developers to begin a £200m “game changing” transformation of the city’s business district.
Kier Property and CTP Limited have been selected to redevelop Pall Mall Exchange which will quadruple the city’s supply of Grade A+ office space by creating 400,000 sq ft of new high quality Grade A office space over three new buildings.
The city council will also explore with CTP and Kier Property how an adjoining seven acre car park could be brought forward to create a complementary mixed-use scheme including a hotel and up to 2,000 new homes.
In total it is estimated the two phase development, which lies within the city centre’s Enterprise Zone, would be worth in excess of £200 million and create in excess of 1,000 jobs.
The scheme is one of 175 identified developments, either on site or in the pipeline, which will bring more than £11 billion of investment in to Liverpool.
The first phase at Pall Mall Exchange, part public realm and part car park, was once part of the historic Exchange Street station and now lies within a two minute walk to Moorfields train station which is connected to the mainline station at Lime Street.
The three acre scheme would help meet demand for high spec office accommodation in the Commercial Business District, as highlighted in the city centre’s 15 year blueprint for growth.
The second phase site would connect to St Paul’s Square, which underwent a £120 million development in 2011 and is now home to major companies such as Atos, DWF, Hill Dickinson, US Airways, Bosch, Investec, Maersk, Santander and Weightmans.
Mayor of Liverpool Joe Anderson said: “I’m delighted to have Kier Property and CTP, who have to their name a fabulous track record, as our partners in this hugely ambitious and potentially game changing development for Liverpool’s business district.
“We know we need more top quality office accommodation in Liverpool and this site is perfect because it is all about location, location, location. And having partners and their design team who have an international reputation for delivering high profile schemes with flair and imagination is a great boost to our plans.
“As a growing city, it is vital we have the right office space available in the right place and Pall Mall is part of a natural expansion of the commercial district.
“We’ve already seen huge success in securing the Northern headquarters of The Royal College of Physicians (RCP) at the expanded Knowledge Quarter, and this is another opportunity to create accommodation that will attract marquee businesses offering high quality jobs.”
Kier Property and CTP were supported in their bid by leading Masterplanners and architects Allies & Morrison, along with Curtins, G&T, Ernest Griffiths, Eversheds and SWECO. CTP and Kier Property were advised by Colliers and Worthington Owen. The Council was advised by JLL.
Sentence about Kier Property
Part of the leading property, residential, construction and services group Kier, Kier Property undertakes investment, development and asset management across a broad range of sectors. These include office, industrial, retail, leisure, health, education, residential (affordable, mixed tenure and private) and mixed-use developments, undertaken directly and through joint ventures with both the public and private sectors.
Follow us on Twitter: @KierProperty. For more information visit www.kier.co.uk
Sentence about CTP Limited
CTP Ltd is a Northwest based urban regeneration company specialising in offices development. This award winning business has created some of the North’s most notable schemes. The business is active across The Northern Powerhouse with current projects in Sheffield, Leeds and Newcastle/Gateshead. CTP were behind the award winning St Paul’s Place development in Sheffield City Centre.
For more information visit www.ctpltd.uk.com
Quote from Kier Property
James Nicholson, director for Kier Property north commented: ‘This is a fantastic opportunity in the heart of Liverpool and we are delighted to have been selected to work with CTP in delivering the Pall Mall development with Liverpool City Council. We see this as an exceptionally high profile scheme and will ensure that we work as a team to raise the profile and regenerate the city, creating a commercial space we can be proud of’.
Quote from CTP Limited
David Topham, Chief executive at CTP Ltd commented: “We have tracked the Pall Mall site for over ten years and we are delighted to now have the opportunity, along with our partners Kier Property and Liverpool City Council, to bring forward fresh and exciting proposals to expand and enhance the Liverpool CBD. For CTP this is a major project and builds on our long experience at developing high quality place making and workspace for the community to work, visit and live in”.