Vermont fought-off competition from Forrest to land the 123 metre tall residential tower which will be the highest of the trio.

Work clearing the Pall Mall site for the 39-storey tower began in April and construction will start in September with an anticipated completion date of spring 2020.

Elliot Lawless of Elliot Group said: “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.

“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.”

More than 70% 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 square foot being achieved.

Lawless said: “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.”

Vermont chief executive Mark Connor said: “We are delighted to be working with Elliot Group to deliver this landmark building which we believe will set a new benchmark for residential accommodation within the city.

“Vermont are 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.”

Falconer Chester Hall are the scheme architects whilst Savills have been appointed as employer’s agent.  WSP are the structural engineers and planning was managed by Zerum Consult.