Peel L&P has appointed a contractor to start work on the multi-million pound No 1 Tower Road South office scheme in Wirral Waters. Tony McDonough reports
Developer Peel L&P has appointed a contractor to build its multi-million pound office scheme in Birkenhead’s docklands.
In October Peel L&P said it had secured an £8.5m loan facility from Merseyside Pension Fund, via CBRE, to begin work on No 1 Tower Road South. It will provide 34,000 sq ft of grade A office space within the Wirral Waters scheme.
Providing space for more than 100 people, the project will include smaller office units, co-working space and larger 3,000 sq ft to 4,000 sq ft suites. Peel L&P has appointed GMI as the main contractor on the project.
Work is expected to begin on site in the next few weeks which is close to Wirral Metropolitan College. It is being designed by Glenn Howells Architects and Matthews & Goodman and Avison Young are also appointed as joint letting agents.
As well as the new office complex, the Four Bridges neighbourhood will see the development of Egerton Village, a hub for retail, amenities and the arts, and the £23m Maritime Knowledge Hub which will provide a national base for marine engineering research and development and survival training as well as business accelerator space for the maritime sector.
Richard Mawdsley, director of development at Wirral Waters, said: “GMI Construction has a proven track record of delivering high-quality, award-winning projects. We are very pleased to have appointed them to deliver No 1 Tower Road South at Wirral Waters.
“The office complex has been designed to meet the highest standards of sustainability and digital connectivity, so will make an excellent home for forward-thinking, aspirational small businesses.
“No 1 Tower Road South marks another step forward in the delivery of Peel L&P’s Wirral Waters masterplan and will play a central role in the further development of the Four Bridges neighbourhood over the coming years.”
Marc Banks, divisional managing director at GMI Construction, added: “It is great that GMI is able to play a role in such a key scheme that will help with regeneration and economic growth in Wirral.”