The communications giant has shortlisted three options for a 100,000 sq ft base in Liverpool with a decision due to be made by the end of the year, Place North West understands.
BT has shortlisted options at Kier Property and CTP’s Pall Mall; the Knowledge Quarter; and Peel’s Princes Dock for its requirement, part of a UK-wide consolidation of its existing offices.
At the Knowledge Quarter, BT is understood to be looking at No5 Paddington Village, which was announced at this year’s MIPIM property conference in Cannes.
Developer Sciontec revealed proposals for a 160,000 sq ft office aimed at the creative and scientific sectors, but Place North West revealed earlier this week these plans are being tweaked to allow for larger floorplates of up to 17,000 sq ft in response to occupier interest.
BT has also shortlisted Liverpool Waters, where Peel has outline permission for up to 3.4m sq ft of commercial space. The most immediate option with planning permission would be a six-storey office block featuring floorplates of between 8,700 sq ft at ground floor level, up to around 10,700 sq ft on the upper floors; Peel submitted a reserved matters application for this block in the summer.
Kier Property and CTP’s Pall Mall, which secured planning permission this month, is also under consideration.
The first phase of the wider 400,000 sq ft development will include a 112,000 sq ft office, with floorplates of around 15,000 sq ft, and extensive public realm, along with a hotel, due to be operated by Leonardo. Construction is expected to begin next summer.
Two further office blocks are also planned in later phases.
BT’s relocation will see it move out of its existing office at Lancaster House on Old Hall Street; a decision in principle on the shortlist is expected by the end of the year.
The move in Liverpool is part of a wider consolidation of BT’s office, which has also seen the company set out plans for a new base in Manchester.
Place North West revealed in September BT had picked English Cities Fund’s New Bailey for its 200,000 sq ft requirement, beating two other shortlisted sites.
In preparation for its move, BT has signed a three-year deal with Regus’ co-working arm Spaces at 125 Deansgate. Under the deal, Spaces will manage the 116,000 sq ft office while BT prepares to move to a permanent base.
JLL is advising BT.