Wednesday, March 9, 2011

Pall Mall developer urges agencies to work harder on investment



AN IRISH developer is urging Liverpool’s economic development agencies to up their game in order to ensure a huge office scheme is a success.

Ashley Moore claims he is making “good progress” in securing funding for his Pall Mall project, which would create 230,000 sq ft of Grade A office space.

Mr Moore is echoing concerns expressed last week by Rumford Investments director Mike Stares, in LDP Business, about a lack of inward investment into the city.

Mr Moore is a director of 30 Pall Mall, which wants to start building its scheme this year.

It forms part of a wider plan for the area in Liverpool’s central business district which would eventually see 1m sq ft of space created.

Mr Moore told LDP Business that the city’s public and private partners must also develop a more targeted and proactive strategy to market the project to potential occupiers from outside the city region.

He said: “This is a uniquely attractive and marketable opportunity in a city that has a fantastic business offer, but it needs to be presented to the market in a much more coherent and positive way.”

Mr Moore believes that it is vital that the city not only ensures that it has adequate supply to meet new requirements, but it also needs to ensure that it can attract significant new occupiers to the city.

He added: “We are making good progress securing funding for our development at 30 Pall Mall, but ultimately we will need to find an occupier.

“Of course, it’s important that the city continues to improve and refresh its supply, but this has only a limited benefit so long as the same occupiers are simply moving from existing to new accommodation.

“The big challenge is to bring new players into the city that are creating new jobs and generating additional wealth.”

Mr Moore is meeting with Liverpool City Council and Liverpool Vision in the coming weeks to discuss how private and public sector partners can work together to best present Liverpool’s case to prospective new occupiers.

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