Kier Property managing director (North) Tom Gilman said: “We are delighted to be the preferred developer to deliver such a significant scheme for the city.
“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.”
CTP director David Topham said: “This is a major milestone for the Pall Mall scheme and for Liverpool. Pall Mall will help to fulfil the city’s requirement for more high-quality office space, as well as enhancing an existing gateway to the city that is currently underutilised.”
A joint venture partnership comprising Manchester-based CTP, Kier Property and Liverpool City Council has been appointed to deliver the £200m Pall Mall scheme, which is being taken up as part of plans to transform the gateway to Liverpool’s central business district.
The Liverpool Council cabinet confirmed the joint venture as development partner.
The joint venture team will regenerate the 1.6-hectare site to the rear of Exchange Station, subject to planning approval.
The masterplan consists of 400,000ft² of Grade A+ office space for the city, as well as associated leisure, retail and landscaped public realm.
The scheme is expected to attract substantial inward investment and create 1,800 jobs.
Planning submission is likely to be made later in 2018. Subject to approval, work on the regeneration of the Pall Mall NCP car park area will be taken up as the first phase of the masterplan.
Liverpool Mayor 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.”