Lendlease wins contract for Martins Bank redevelopment

  • 12 Dec 2022
Lendlease Europe’s Construction business has been awarded the contract to deliver the refurbishment and restoration of the Grade II-listed Martins Bank Building in Liverpool.

Liverpool City Council has formally granted developer Kinrise and majority co-owner Karrev planning permission to proceed with the renovation of the iconic Martins Bank Building. The historic Grade II* listed building is set to house 140,000 sq.ft of 100% green energy Grade-A offices, restaurant and social space located within the spectacular former banking hall.

The project aims to bring life back to one of Liverpool’s most prominent buildings. Works will include stripping out existing finishes, fit-out to ‘Cat A’ standard, and significant but sensitive restoration of existing timber, glass and stonework features.

Kinrise recently awarded Lendlease, the international real estate and investment group, an enabling works contract to deliver the initial refurbishment and restoration of the site, following its successful pre-construction contract. The first phase of works are due to start on site imminently.

Working with Lendlease and architects Red Deer and Brock Carmichael, Kinrise plans to retain and restore the building's original features, maximising the abundance of light and characterful details. The team will also employ its signature ESG-centric principals to remodel Martins as an operationally 100% green energy building when it re-opens to the public in 2024.

Quote attributable to David Cadiot, Executive General Manager, UK Construction - Regions, Lendlease:

“Martins Bank is one of Liverpool’s most iconic buildings and we are pleased to be working with Kinrise and Karrev to restore it to its former glory. Lendlease has a proven track record of ensuring heritage buildings are sensitively refurbished and we look forward to creating an office and leisure destination that is fit for the 21st century.”

Quote attributable to Sam Lawson Johnston, Founder, Kinrise:

“Having worked closely with Liverpool City Council and Historic England since our acquisition of Martins last year, we are delighted that our plans have now been given the green light. We are excited to see these plans come to fruition as we bring life back to this extraordinary building. We hope the renovation and return of public access will leave a meaningful legacy for the city for future generations.”

To view the plans for the building, use application reference numbers 22F/1712 and 22l/1793 on Liverpool City Council’s planning portal.



About Lendlease

Lendlease is a global real estate Group with operations in Australia, Asia, Europe and the Americas. Headquartered in Sydney, Australia, and listed on the Australian Securities Exchange, Lendlease has approximately 9,500 employees internationally. Lendlease has 23 major urbanisation projects located across 10 global gateway cities.

About Kinrise

Kinrise is an award-winning investment company (est. 2015) focused on reimagining and restoring iconic buildings to their former glory.

Why the name Kinrise? In short it translates as community rising. The firm’s vision is to play its part in the renewal of UK cities by creating spaces that inspire and enable. Kinrise looks at the world through four lenses; human, social, environmental and financial. These perspectives drive their approach to renovations, partnerships and communities across the portfolio.

For more information:

Thomas Dearnley-Davison
Senior Communications Manager
+44 7889 594 165