Kier Property and CTP have secured planning for a new Grade A office development in the center of Liverpoolâ€™s commercial business district (CBD).
Kier and CTP were selected as Liverpool councilâ€™s development partners in 2017 as part of the Â£200m Pall Mall regeneration scheme aimed at extending Liverpoolâ€™s CBD and helping to grow the Liverpool city region economy.
The planning application was approved by Liverpool councilâ€™s planning committee yesterday (October 8), with members voting unanimously in favour of the development.
The development will address the lack of grade A office space in Liverpoolâ€™s CBD, reversing a previously shrinking office market and enabling business growth, inward investment, and job creation.
A Grade A office building is a brand new property or an office that has undergone redevelopment. It has to be well-located with good access and also professionally managed.
The Pall Mall scheme will comprise of a 400,000 sq ft new grade A office space, a 281 bedroom hotel, associated retail and leisure amenities as well as a large scale landscaped garden and public realm.
The first phase of development will be the Grade A office, comprising of 102,000 sq ft of office space, 9,600 sq ft of flexible ground floor accommodation as well as a basement which will provide 24 car parking, 132 cycle spaces, and shower facilities.
The development will create a wide range of economic benefits, including 2,400 permanent jobs, 250 temporary construction jobs, as well as being a catalyst for the wider regeneration of Liverpoolâ€™s city center.
Mayor of Liverpool, Joe Anderson said: â€˜The Pall Mall scheme is of huge importance to the development of our commercial business district, so Iâ€™m delighted itâ€™s now been given planning approval and construction can get started.â€™
â€˜Liverpool city center needs new Grade A office space to attract companies and highly skilled jobs so we can continue to grow our economy. Iâ€™m greatly encouraged by the thinking behind the schemeâ€™s layout and delighted the emphasis is as much on the high quality of the place and dwell time as it is on the buildings.â€™
â€˜Weâ€™re looking at how we can develop the district over the next 10-20 years and this scheme will act as a catalyst for the future aspirations for the area in 2020 and beyond.â€™
In related news, a regeneration masterplan to improve Liverpoolâ€™s built musical heritage will go out to public consultation later this month.
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