Kier Property and CTP have secured planning for a new Grade A office development in the center of Liverpool’s commercial business district (CBD).
Kier and CTP were selected as Liverpool council’s development partners in 2017 as part of the £200m Pall Mall regeneration scheme aimed at extending Liverpool’s CBD and helping to grow the Liverpool city region economy.
The planning application was approved by Liverpool council’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 Liverpool’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 Liverpool’s city center.
Mayor of Liverpool, Joe Anderson said: ‘The Pall Mall scheme is of huge importance to the development of our commercial business district, so I’m delighted it’s now been given planning approval and construction can get started.’
‘Liverpool city center needs new Grade A office space to attract companies and highly skilled jobs so we can continue to grow our economy. I’m greatly encouraged by the thinking behind the scheme’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.’
‘We’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.’
In related news, a regeneration masterplan to improve Liverpool’s built musical heritage will go out to public consultation later this month.
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