What is the Liverpool Waters regeneration project?
In this article we’re going to run through the key facts about one of the UK’s most exciting regeneration projects, and quite possibly one of Europe’s (if not the world’s) most ambitious waterfront regeneration schemes: Liverpool Waters.
Liverpool Waters is a 60 hectare site, (that’s 84 football pitches) to create to create a world-class, mixed-use waterfront quarter in Liverpool city centre. Residential space, office space, jobs, training and skills development are all arriving on the water front to benefit from this transformative scheme. Infrastructure changes will allow easy access to the other areas of the centre and the city more broadly.
Liverpool Waters is said to enable Liverpool to compete with the likes of Hamburg, Boston, Toronto and Barcelona in terms of the scale and diversity of its waterfront offer.
Liverpool Waters is broken down into 5 districts. Let’s have brief look at them one by one.
Princess dock will be focus on creating a vibrant neighbourhood of 1,200 high-quality residential units, overlooking the River Mersey. Amenities will include two hotels, a coffee shop, restaurants, a nursery, multi-storey car parking facilities and Liverpool’s Cruise Liner Terminal. The location of Princess Dock is perfect for residents who want easy access to the most exciting attractions in Liverpool, including the famous Tate Gallery, British Music Experience, Beatles Museum and Liverpool One.
This is Liverpool Waters’ business and leisure hub, offering more than 185,560 square meters of mixed used floor space. Culture will be a mainstay of Central Docks as it becomes a hub for Liverpool’s cultural heritage, further bolstering its current reputation as a popular event location. The area will benefit from a 17 acre public park and views overlooking the River Mersey and the Leeds and Liverpool Canal. Residential accommodation will still feature in Central Docks, with 3,800 new homes.
The regeneration of Clarence Docks will bring 3,000 new homes and 8,000 sq. m. of restaurant and bar space to the Liverpool Waters dockside. Local residents can already benefit from a water-sports centre.
Northern Docks will be the site for recreation and shopping, rather than residential living. It is currently proposed that a world-class sports stadium will be constructed, and negotiations are said to be ongoing between Liverpool and Everton football clubs. Planning permission has been outlined for the construction of a marina to hold various retail units, bringing a sense of luxury and modernity to the development. All in all, there is estimated to be 8,000 sq. m. of retail space in Northern Docks.
King Edward Triangle
King Edward Triangle is a point of connection between Liverpool Waters and the commercial district of Liverpool city centre. A number of businesses will take their places in this area, and in fact several already have. Micro-brewery, Carnival Brewing Company, Crew42 Gym and public health services provider, HE Simm have all recently moved into the city centre location.
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Our Liverpool Waters offer
Here at Aspen Woolf, we specialise in offering the UK’s best investments to our clients. We focus on cities n Northern England as these offer the highest rental returns and the best capital growth. In fact, the North West is named by industry experts Savills as being the top region for capital growth, predicted to see 24% appreciation in the next 5 years alone.
As a top performing city, Liverpool is expected to see the full benefit of regional growth.
We happen to have a fantastic and landmark investment opportunity based in Liverpool Waters. Alexandra Tower was one of the first buildings to be constructed; and is superbly designed development offering uninterrupted views of the River Mersey and the Liver Building. We have strictly limited apartments available.