Buildings will quadruple amount of Grade A+ space in city
NEW buildings set to arrive at the former Liverpool Exchange Railway Station will transform the city’s business district, it was revealed today.
Liverpool City Council has appointed a leading team of property developers to begin a game changing” £200m transformation in the Pall Mall area.
Kier Construction and CTP Limited have won the contract to redevelop Pall Mall Exchange, providing up to 400,000 sq ft of Grade A+ office space over three new buildings. It will quadruple the amount of top level office space in the city’s business district, which has seen available capacity drop below 100,000 sq ft.
Kier last year completed a new £45m grandstand at Cheltenham Racecourse and delivered an office quarter in Sheffield’s St Paul’s area
The city council also plans to explore how it can work with the new owner of the adjoining seven acre Pall Mall car park to deliver a comprehensive redevelopment of what is a prime city centre site for a complementary mixed-use scheme including a hotel, a new car park, leisure uses 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 £200 million and create in excess of 1,800 jobs.
The scheme is one of 175 identified developments, either on site or in the pipeline, which the council says 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 lies within a two minute walk to Moorfields train station which is connected to the mainline station at Lime Street and the wider Northern Powerhouse.
The three acre development 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.
A planning application is to be submitted later in the year for the site, after a period of consultation.
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.
Pall Mall Exchange people: James Nicholson, director for Kier Property north, Mayor Joe Anderson and David Topham, Chief Executive at CTP Ltd
Mayor Joe Anderson said: “I’m delighted to have Kier Property and CTP 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 a partner who has has an international reputation for delivering high profile schemes with flair and imagination is a great boost to our plans.”
Kier Property and CTP were supported in their bid by leading master planners 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.
Keir’s James Nicholson said: “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.”
David Topham, CEO of CTP Ltd, added: “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.”
