THE next phase of Liverpool’s expanding business district will be launched today as part of a bid to put the city in pole position for civil service or corporate relocations.
Pall Mall Exchange will be unveiled at Mipim (Marché International des Professionals d’Immobilier) at Cannes, in the French Riviera.
The area around Pall Mall is identified as a possible site for the relocation of 5,000 jobs from the Ministry of Justice.
It represents a natural extension of St Paul’s Square, between Old Hall Street and Pall Mall, which is in the final phase of development and will be complete in September 2011.
Pall Mall Exchange is owned by the Northwest Development Agency (NWDA) and could hold up to 41,000sq metres of office space.
It forms part of a 10-acre site, which is currently a car park but ultimately capable of accommodating up to 200,000 sq metres of development.
The whole site is bounded by Pall Mall, Bixteth Street and East Street.
On Pall Mall itself, developer 30 Pall Mall Ltd has planning permission for 22,000 sq metres of Grade A commercial office space.
Today Liverpool Vision, the city’s economic development company, and the NWDA will announce they are seeking a development partner for the Pall Mall Exchange site.
The Mipim announcement provides advance notice of the formal procurement process.
Jim Gill, chief executive of Liverpool Vision, said: “Pall Mall Exchange represents a fabulous opportunity to plan and develop an office campus of the highest quality, to leading-edge environmental standards at the heart of a city centre with all the benefits which follow from such a superb location.
