Transactions - MARCH 15, 2017

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Plans unveiled for £5b Liverpool Waters project

by Andrea Waitrovich

Peel Land & Property has revealed plans for the regeneration of the Central Docks neighborhood in Liverpool, England, alongside releasing eight new plots for investor development.

The £5 billion ($6.1 billion) Liverpool Waters project will transform 150 acres of historic docklands, the biggest single regeneration project in the history of Liverpool.

The Central Docks neighborhood will be a world class business and leisure district, with more than 2 million square feet of mixed-use floorspace including 750,000 square feet of quality office space and more than 1,000 new waterfront apartments in buildings up to 44 stories high. In addition, plans call for a 17-acre public park and views overlooking the River Mersey and the Leeds and Liverpool Canal.

Although the master plan for Liverpool Waters was announced 10 years ago, progress has so far concentrated on the Princes Dock neighborhood, the new home of the Cruise Liner Terminal, with the bulk of effort going

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