Liverpool at MIPIM Sponsor Peel Land & Property’s £5 billion Liverpool regeneration project takes shape in 2018

18th October 2018

The £5 billion Liverpool Waters project, led by Peel Land and Property, is one of the largest regeneration projects in the country, and aims to completely transform over two million sq. metres of historic docklands on Liverpool’s world-famous waterfront.

For many years, the project has been intricately planned by Peel Land and Property with a number of partners and stakeholders, many of whom operate globally. This year, the pace of the project has shifted considerably, as a number of projects and developments are now well underway.

At Princes Dock, which is already home to some of Liverpool’s highest-quality office buildings, construction of three separate residential developments with Regenda, Moda and Your Housing Group has made significant progress. Further to this, the Liverpool Waters team is also working closely with Liverpool City Council on a new Cruise Liner Terminal, which will replace the existing terminal at Princes Parade. The new terminal facility, which will enable the world’s largest cruise ships to dock at Liverpool, will also have a multi-storey car park and four-star hotel on site. The hotel will include around 200 bedrooms, lobby bar, café, restaurant, business suite, and back of house facilities together with visitor and coach parking, taxi pick-up and drop-off point.

Princes Dock will be a hive of activity as this work takes place, and accessibility to the area by construction teams and those who live and work at dock, as well as visitors, is of the upmost importance. To aid accessibility and enhance connectivity between the dock and the city centre, Liverpool City Council has awarded full planning and listed building consent for Peel Land and Property to construct a new opening in the Princes Dock boundary wall. The construction of the new opening on Bath Street will take place in two phases – the first creating a 15.7 metre opening for construction vehicles to pass through and the second creating a permanent six metre opening for pedestrians and cyclists to enter Princes Dock for years to come.

Just beside Princes Dock, a new Isle of Man ferry terminal at Princes Half Tide Dock has also been announced, following negotiations between the Department of Infrastructure at the Isle of Man Government and Peel Land and Property, to secure a long-term leasehold ownership of the site. The new ferry terminal is scheduled to open in 2021.

Heading towards Central Docks, the brand-new neighbourhood at the heart of the project, international property developer Romal Capital is making strides with the Quay Central development. This eight-storey building will provide 108 high-specification apartments, alongside, 600 sq. metres of commercial space on the ground floor. Romal Capital will also soon be starting work on Park Central, which will offer a further 129 high quality apartments.

Further North of the development, the Northern Docks neighbourhood, which was planned to be developed in the latter stages of the project, has been thrust into the spotlight following the announcement that, Everton Football Club has chosen Bramley Moore Dock as its new home. The Liverpool Waters team is currently in extensive talks with Everton Stadium Development Limited on how the stadium will be developed, and a planning application will soon be submitted.

This is an incredibly exciting time for the Liverpool Waters project, Peel Land and Property and the entire city. To learn more about Liverpool Waters and the project’s ambition to create a waterfront for the world, please visit www.liverpoolwaters.co.uk. You can also be kept up to date on the latest announcements by following the project on Twitter (@PeelLivWaters) and Instagram (@peellivwaters).

18th October 2018

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Tom Alsop
Tom Alsop
Investment Officer

For enquiries contact:
[email protected]

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