liverpool investment area - pall mall

PALL MALL I LIVERPOOL PALL MALL represents a fabulous opportunity to plan and develop a 200,000 sqm office campus of the highest quality at the heart of Liverpool’s City Centre and within the city enterprise zone. Since 2008, Liverpool’s commercial office sector has been undergoing a steady transformation. The £120 million St Paul’s Square development, completed in 2011, established a new commercial quarter in the city, drawing new and existing businesses including Hill Dickinson, Investec, Santander, Allied Irish Bank, HBOS, DWF, Weightmans and Maersk to this growth area. In addition, there is also a clear and broadening diversification from the traditional public sector and professionals to a greater mix of shipping, media and creative, financial services and call centre industries. Annual take-up is averaging around 27,000 sqm. With 42,460 sqm new office space constructed and 67,600 sqm refurbished since 2008, the supply of available grade A space in the Commercial District is diminishing to the point that a shortfall in future years is being predicted. OVERVIEW © 2014 Mills Media Group

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PALL MALL represents a fabulous opportunity to plan and develop a 200,000 sqm office campus of the highest quality at the heart of Liverpool’s City Centre and within the city enterprise zone...

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Page 1: Liverpool Investment Area - Pall Mall

PALL MALL I LIVERPOOL

PALL MALL represents a fabulous opportunity to plan and develop a 200,000 sqm office campus of the highest quality at the heart of Liverpool’s City Centre and within the city enterprise zone.

Since 2008, Liverpool’s commercial office sector has been undergoing a steady transformation. The £120 million St Paul’s Square development, completed in 2011, established a new commercial quarter in the city, drawing new and existing businesses including Hill Dickinson, Investec, Santander, Allied Irish Bank, HBOS, DWF, Weightmans and Maersk to this growth area.

In addition, there is also a clear and broadening diversification from the traditional public sector and professionals to a greater mix of shipping, media and creative, financial services and call centre industries.

Annual take-up is averaging around 27,000 sqm. With 42,460 sqm new office space constructed and 67,600 sqm refurbished since 2008, the supply of available grade A space in the Commercial District is diminishing to the point that a shortfall in future years is being predicted.

OVERVIEW

Page 2: Liverpool Investment Area - Pall Mall

PALL MALL I LIVERPOOL

OPPORTunITyWith a greater number of business enquiries currently being received, attention is now turning to the next phase of expansion at Pall Mall. At 3.5 hectares, the area is capable of delivering up to 200,000 sqm of commercial led mixed use development with an anticipated value in excess of £200 million.

Phase 1: “Pall Mall Exchange” is owned by the Homes & Communities Agency. A development partner for this phase is being sought.

Phase 2: “30 Pall Mall”, owned by West Bay Capital, has planning consent for 22,000 sqm of grade A commercial office space.

Phase 3: “Pall Mall” is owned by nCP/Hillstep and currently operated as a surface car park by nCP. This is seen as a longer term development site.

FuRTHER InFORMATIOnLiverpool Vision, Investment Team, 10th Floor The Capital, 39 Old Hall Street, Liverpool L3 9PP

E: [email protected] T: +44 0151 600 2961W: www.liverpoolvision.co.uk

PALL MALL QUICK FACTSLOCATIOn: Liverpool City Centre

SITE AREA: 3.5 Hectares

DEVELOPMEnT TyPE: Commercial led mixed use

PRIMARy OuTPuT: 200,000 sqm office space

DELIVERy TIMESCALE: 2015 - 2025

STATuS: Seeking development partner

PHASE 1: Supplementary Planning Document agreed