The property developers have been selected by the city council to lead the transformation of Pall Mall Exchange and create up to 400,000 sq ft of Grade A office space over three buildings.
In addition, Kier will work with the council and the owner of the adjoining seven-acre car park to deliver another mixed-use scheme including a hotel, a new car park, leisure uses and up to 2,000 new homes.
Overall, the project is anticipated to create over 1,800 new jobs. It is one of 175 identified developments, either on site or in the pipeline, which will bring over £11 billion of investment to the city.
The first phase at Pall Mall Exchange consists of part public realm and part car park. A planning application for the three-acre development is expected to be submitted later in the year.
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The second phase site would connect to St Paul's Square, which underwent a £120 million development in 2011.
City Mayor Joe Anderson said: "I'm delighted to have Kier Property and CTP Ltd, who have to their names a fabulous track record, as our partners in this hugely ambitious and potentially game changing development for Liverpool's business district.
"We know we need more top quality office accommodation in Liverpool and this site is perfect because it is all about location, location, location. And having a partner who has has an international reputation for delivering high profile schemes with flair and imagination is a great boost to our plans."
James Nicholson, director for Kier Property north, added: "This is a fantastic opportunity in the heart of Liverpool and we are delighted to have been selected to work with CTP in delivering the Pall Mall development with Liverpool City Council."
David Topham, Chief executive at CTP, added: "We have tracked the Pall Mall site for over ten years and we are delighted to now have the opportunity, along with our partners Kier Property and Liverpool City Council, to bring forward fresh and exciting proposals to expand and enhance the Liverpool CBD."
Kier Property and CTP were supported in their tender bid by leading master planners and architects Allies & Morrison, along with Curtins, G&T, Ernest Griffiths, Eversheds and SWECO. CTP and Kier Property were advised by Colliers and Worthington Owen.
Image: (L to R) James Nicholson, director for Kier Property north, Mayor Joe Anderson and David Topham, Chief Executive at CTP Ltd.
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