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Next phase of Liverpool Waters Regeneration Revealed

UK developer the Peel Group has unveiled the next phase of its high-profile Liverpool Waters regeneration project, which is valued at £5bn.

Peel revealed new information about eight plots at the Merseyside project, which received planning approval back in 2013.

The Central Docks neighbourhood, which is part of the overall scheme, will deliver over two million square feet of mixed-use floorspace, including office buildings and over 1,000 new apartments, some of which will be 44 storeys in height. There will also be a seven-hectare public park and views overlooking the Mersey and the Leeds and Liverpool Canal.

The majority of the work at the Liverpool Waters scheme has, until now, been concentrated on the neighbourhood of the Princes Dock, which is north of the site.

Peel has stated that over £300m of construction work will begin at Liverpool Waters by the end of this year.

One project scheduled to begin is the Lexington Tower, a 34-storey, £82m development funded by Apache Capital Partners, a private real estate investment management group, and due to be built by Moda Living.

 

The Liverpool development project is one of Europe’s biggest single-ownership development schemes for a port city and represents one of the City Region’s most significant investment and regeneration opportunities. It is part of the bigger ‘Atlantic Gateway’ project, which features over 50 similar projects.

The project is intended to transform Liverpool’s northern docks and regenerate the area to create a high-quality and world-class mixed-use development in the centre of the city. Together with Wirral Waters on the west bank of the Mersey, the Liverpool Waters scheme is expected to have a major and positive impact upon the layout and economy of central Liverpool and the wider region beyond. It is expected to help the city compete with cities like Boston, Barcelona, Hamburg, and Toronto in terms of the diversity and size of its waterfront and associated economy.

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