A joint venture between CTP and Kier Property have won the tender to redevelop Pall Mall Exchange in Liverpool city centre, providing up to 400,000 sq ft of offices over three new buildings.
The long-awaited project will quadruple the city’s supply of Grade A offices in Liverpool’s commercial business district, which has seen available capacity drop below 100,000 sq ft.
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.
The council said it will also explore with Kier how it can work with the new owner of the adjoining seven-acre NCP car park to deliver a redevelopment of the site, for a mixed-use scheme including a hotel, car park, leisure uses and up to 2,000 new homes.
The council estimates that the two phase project, which lies within the city centre’s Enterprise Zone, could be worth £200m.
It is anticipated that a planning application will be submitted later in the year, after a period of consultation.
Kier Property and CTP were supported in their 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.
David Topham, chief executive at CTP, said: “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.”