Joint venture to deliver £200m scheme on Liverpool’s Pall Mall

A development partner has been confirmed for the multi-million pound Pall Mall scheme in Liverpool.

A joint venture between Manchester developer CTP; Kier Property, the development arm of building services firm Kier Group; and Liverpool City Council will deliver the £200m development.

The JV was appointed at a Cabinet meeting this morning (March 23), paving the way for the regeneration of four acres at the rear of Exchange Station, on the northern edge of the city centre.

Subject to planning approval, the Pall Mall masterplan will create 400,000 sq ft of Grade A+ office space along with associated leisure, retail and landscape works.

The development is forecast to attract considerable inward investment and create around 1,800 jobs.

Liverpool Mayor Joe Anderson said: “Liverpool is undergoing an unprecedented era of growth with £14bn of developments in the pipeline and the council is playing a huge role in enabling this regeneration, be it Paddington Village in the Knowledge Quarter, Ten Streets, Festival Park or our new housing company.

“Job creation is critical to any successful city which is why schemes like Pall Mall are so important.”

He continued: “We know we need more top quality office accommodation in Liverpool to attract blue chip companies and Pall Mall is in the perfect location as a natural expansion to our commercial district. I’m delighted we have partners of the calibre of Kier Property and CTP in this hugely important scheme and I look forward to seeing their ambitious plans take shape.”

Tom Gilman, managing director of the North for Kier Property, commented: “We are delighted to be the preferred developer to deliver such a significant scheme for the city.

“We have worked hard to develop plans that not only benefit the city, but also, the people who live and work here every day. Next steps will be to conclude legal agreements before submitting a planning application following the consultations that we carried out last year with the public and Places Matter.”

He added: “This project adds to Kier’s presence in Liverpool where we’re currently delivering a number of schemes, including the new student accommodation block and three-storey college building for Liverpool International College at the city’s Knowledge Quarter.”

CTP Limited director David Topham said of the scheme: “This is a major milestone for the Pall Mall scheme and for Liverpool.

“Pall Mall will help to fulfil the city’s requirement for more high-quality office space, as well as enhancing an existing gateway to the city that is currently underutilised.”

Speaking further, David said: “Now that the joint venture partnership has been confirmed as development partner, we look forward to working moving forward with the plans, which will regenerate and significantly expand the commercial district of Liverpool.”

In February last year, prior to entering into the new joint venture arrangement, Liverpool City Council named Kier Property and CTP as the developers for the project, with a planning submission originally expected at the end of 2017.

A full planning submission is now expected in late spring 2018.

If approved, developers are expected to start on site for the first phase soon after.of the masterplan. Phase one includes the regeneration of the Pall Mall NCP car park area.