Kier Property and CTP are working in a joint venture partnership with Liverpool City Council to deliver the strategic project which will regenerate the site, and address the widely- recognised shortage of Grade A office accommodation in the city centre.
Liverpool City Council is currently coordinating remediation and enabling works on site, funded by the Liverpool City Region Combined Authority – Single Investment Fund.
The remediation works are scheduled to complete this autumn allowing Kier Property and CTP to start construction of the first phase of office development soon after.
Tom Gilman, Managing Director of Kier Property North, said: “This is a major regeneration project at the heart of Liverpool city centre which will facilitate the expansion of the commercial business district and the future growth of Liverpool.
“Available Grade A office space in the city centre is at an all-time low which is preventing new and existing businesses from expanding and growing. We believe that the development will have a transformative effect in terms jobs and economic activity which will support further regeneration in Liverpool’s commercial business district.”