St Paul’s Grade A office space in Liverpool gets green light
Phase 3 of a ┬ú30m office development in Liverpool, which will bring 109,000 sq ft of Grade A office space to St Paul’s, has been given the go-ahead with the promise of almost ┬ú9m of public funds.
The support is to come from the Northwest Development Agency (NWDA) and the European Regional Development Fund (ERDF), who are reported to be investing ┬ú4.2m and ┬ú4.6m respectively.
The English Cities Fund (ECF) are due to start work on the third phase of the development next month, having already completed 250,000 sq ft of office space in Liverpool over the first two phases.
In an interview with the Liverpool Daily Post, NWDA chief executive Steve Broomhead said:
“Liverpool has a growing reputation as a vibrant business location, and in order to build on this it is vital that we invest in the provision of Grade A office space and supporting public realm. The progression of this project will not only stimulate confidence in the market during the challenging economic climate, but will be an important piece in the jigsaw in securing Liverpool’s position as a prime business destination.”
The scheme is expected to be completed in 2011.