Kier Construction and CTP Ltd have been selected by Liverpool City Council for a £200M scheme in Liverpool, UK.
Under the contract, the companies will be responsible for redeveloping Pall Mall Exchange, which will lead to the creation of up to 37,160 sq m of office space over three new buildings.
Kier and the council will also work with the new owner of the adjoining seven-acre car park to develop an additional mixed-use project. The project will involve the construction of a new hotel, car park, leisure space and up to 2,000 homes.
Mayor of Liverpool Joe Anderson said: “I’m delighted to have Kier Property and CTP Ltd, who have to their names a fabulous track record, as our partners in this hugely ambitious and potentially game changing development for Liverpool’s business district.
“We know we need more top quality office accommodation in Liverpool and this site is perfect because it is all about location, location, location.
“As a growing city, it is vital we have the right office space available in the right place and Pall Mall is part of a natural expansion of the commercial district.”
Kier Property north director James Nicholson said: “This is a fantastic opportunity in the heart of Liverpool and we are delighted to have been selected to work with CTP in delivering the Pall Mall development with Liverpool City Council.
“We see this as an exceptionally high profile scheme and will ensure that we work as a team to raise the profile and regenerate the city, creating a commercial space we can be proud of.”
David Topham, Chief executive at CTP Ltd, commented: “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.”
The two-phase scheme is anticipated to create more than 1,800 jobs. A planning application is expected to be submitted later in 2017, after a consultation period.