£200M PALL MALL SCHEME GIVEN GREEN LIGHT.March 26, 2018
The joint venture partnership between CTP, Kier Property and Liverpool City Council, announced in February 2017, has been formally appointed to deliver the £200m Pall Mall scheme in the city’s central business district.
The JV was confirmed as development partner by the council’s cabinet, meaning that it can now proceed towards planning on a project that will bring 400,000 sq ft of office space to the four-acre site to the rear of Exchange station, along with associated leisure, retail and landscaped public realm.
A planning submission is expected to be made before the summer and subject to approval, the developers are then expected to start on site on the first phase of the masterplan, which will be the regeneration of the Pall Mall NCP car park area.
Mayor of Liverpool 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.
“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.”
Pall Mall Exchange is currently part-public realm, part-car park, across a three-acre site between Tithebarn Street and Leeds Street. The site is next to the Exchange Station and St Paul’s Square office developments.
Tom Gilman, managing director north for Kier Property, said: “We have worked hard to develop plans that not only benefit the city, but also the people who live and work here every day. The 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.”
Kier Property and CTP were supported in their 2017 bid by architect Allies & Morrison, along with Curtins, G&T, Ernest Griffiths, Eversheds and Sweco. CTP and Kier Property were advised by Colliers International and Worthington Owen.