Peel launches £5bn Liverpool Waters major phase

Aaron Morby 6 months ago
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Developer Peel has unveiled plans for the next phase of its vast Liverpool Waters scheme, releasing a raft of new construction plots.

Liverpool Waters central docks

New Central Docks plan includes buildings up to 44 storeys high

The firm said the eight new plots in the Central Docks area were attracting interest from investors and developers, with several groups visiting Liverpool to see the opportunities on offer first hand.

It has already signed up a developer for a residential scheme and expects more than £300m of construction work to be underway across the historic docklands site by the end of the year.

The Central Docks neighbourhood forms part of the £5bn scheme to transform 150 acres in the biggest regeneration project in the history of Liverpool.

Liverpool Waters central docks

Peel has already agreed terms for a residential project on the Central Docks site

Peel hopes the Central Docks neighbourhood will be built out with over 2,000,000 sq ft of mixed-use floorspace including 750,000 sq ft of offices and over 1,000 new waterfront apartments. 

Lindsey Ashworth, Director of Development of Liverpool Waters, said: “Liverpool Waters is a unique opportunity to invest in a world-famous waterfront and it’s no surprise that this latest phase of the project has already generated interest from investors and developers.”

Although the masterplan for Liverpool Waters was announced ten years ago, progress has so far concentrated on the Princes Dock neighbourhood, the new home of the Cruise Liner Terminal, with the bulk of effort going on behind the scenes to secure detailed planning permissions.

Liverpool Waters Central dock

Princes Dock neighbourhood matersplan

By the end of this year, the team at Liverpool Waters are expecting to see over £300m of construction work starting on site. 

Ian Pollitt, Assistant Project Director at Liverpool Waters, said: “Central Docks represents a watershed moment for Liverpool Waters.

“There has been an incredible amount of work done behind the scenes to get us to this point but thanks to the positive attitude of the people of Liverpool, Liverpool City Council and other partners we are now in a position to proceed with this next exciting phase of the project.”

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