Developer Elliot Group has appointed Liverpool-based Vermont Construction to deliver the first of three towers in its £250m Infinity development in Pall Mall. Tony McDonough reports
Work on the first of three spectacular residential towers on the edge of Liverpool’s business district will begin in September.
Developer Elliot Group has appointed Liverpool-based Vermont Construction to deliver the first of three towers in its £250m Infinity development. Rising to more than 400ft, tower one will comprise 416 homes across 39 storeys.
Work clearing the Pall Mall site for the 27-storey tower began in April and construction will start in September, with an anticipated completion date of spring 2020. It will include eight three-bedroom, 172 two-bedroom, 144 one-bedroom and 92 studio apartments.
More than 70 per cent of the apartments in Tower 1 have been sold to UK and overseas investors, with a new price record for the city of £398 per sq ft being achieved. The two other towers will be 27 and 33 storeys.
“We looked at Vermont’s track record building towers in Liverpool and Salford Quays and it was clear that they had a firm grip on the issues posed by going tall,” explained Elliot Lawless of Elliot Group.
“It’s good to be able to maintain our track record of working with a strong local supply chain. Building capacity in the sector will benefit the city overall.”
And on the price per sq ft achieved, he added: “There’s no doubt that this will help support other developers’ ambitions.
“The Cargo Building raised the bar as far as achievable rents in Liverpool were concerned. It demonstrated that if the quality of the product is there the market will pay for it and it’s helped us demonstrate to investors that there’s the appetite for better specified homes.
“By setting a new price record it will support the viability of other developments and support the emerging cluster of towers in the north end.”
Falconer Chester Hall are the scheme architects whilst Savills have been appointed as employer’s agent. WSP is the structural engineer and planning was managed by Zerum Consult.
Vermont chief executive Mark Connor added: “Vermont is proud to have been at the forefront of regeneration in the city over recent years and the Infinity scheme is a further statement of Liverpool’s progression and investors’ confidence in the city’s residential market.”