Set to transform the Northern part of the city, Liverpool Waters will provide essential jobs and training as well as various commercial property investment opportunities.
One of the key aims of this impressive development is to help boost the local economy and to improve the Northern part of the city that hasn't had the same opportunities as those within central Liverpool.
Looking to the future, there are big plans for an international cruise liner to improve access to the Liverpool waterfront as well as more transport links to and from the city centre, connecting the North with the rest of the city.
Liverpool is something of a sleeping giant, however the regeneration of the city will finally put Liverpool on a par with its close neighbour Manchester as a thriving investment hub, bursting with excellent potential.
The city is renowned for its history, music scene, sport and culture, with more museums and galleries than any other UK city outside of London, and was recognised for its contribution by being awarded the title of European Capital of Culture in 2008. Liverpool is extremely popular with tourists, with the city generating £3.4 billion a year through local and international tourism, which goes to support almost 45,900 jobs a year.
The city now has the largest train network in the UK outside London, with 66 serving stations transporting 37 million passengers every year.
Liverpool has gradually become one of the most popular investment areas for student property. With a growing student population of 54,000 and only around 15,000 available student beds, demand for student property is extremely high.
Liverpool attracts a high number of students every year both locally and internationally and boasts a number of excellent universities and colleges including the University of Liverpool, Liverpool John Moores University, Liverpool Hope University and the Liverpool Institute for Performing Arts.
As a £5 billion project, Liverpool Waters will present a variety of investment opportunities as it plans to significantly improve the surrounding areas by creating approximately 17,000 new jobs through new offices, hotels and residential units, as well as leisure facilities.
New apartments have been planned to improve Liverpool’s housing stock and 2 million square feet of residential space and commercial areas have been put in place, all of which will go towards supporting Liverpool’s tourism industry and student population as well as the growing number of young professionals in the city. The entire project is part of Atlantic Gateway led by the Peel Group, who is also leading the project for Ocean Gateway, and involves more than 50 other projects that has had £50 billion invested in it.
By making use of every available space of the 1,691,000 square metered project, more educational and career opportunities are being created around Seaforth Dock through a new Maritime College, currently under construction and a brand new container shipping terminal, with the costs of road transport continuing to increase and with more and more business sailing from Europe to the rest of the world, it’s a fantastic opportunity to take advantage of these docks.
The essence of Liverpool’s history and its docks became a World Heritage in 2004, reflecting greatly upon the positive influences and the historic growth of the mercantile culture. Liverpool Waters is part of the World Heritage Site as well as important historic buildings such as the Dock Master’s House, Victoria Clock Tower, original dockyard surfaces, bollards and rail tracks.
Outside of the development site you can find the Stanley dock, which holds the massive Tobacco Warehouse, the Leeds and Liverpool Canal, and the Waterloo Warehouse. Restoration has begun on the Victoria Clock by removing the modern extensions in order to return it to its original appearance, similar projects are also to take place on the Bascule Bridge at Stanley Dock and repairs to the 19th century security policeman hut at Collingwood Dock. These projects aim to keep the heritage site safe and secure but to also celebrate these structures that have become a vital piece of Liverpool’s history.
The development will also boast another impressive structure, The Shanghai Tower. Predicted to be one of the first major constructions of the entire project, Shanghai Tower is promised to be a 50-storey skyscraper and aims to be the tallest building in North West England.
Liverpool Waters will present numerous investment opportunities to property investors from both the UK and overseas. Many of these opportunities will include residential apartments, student accommodation, buy-to-let office space and commercial units and fractional hotel suite investments.
There are also plans for developing the docklands site, which aims to create a 40 mile stretch from the Port of Liverpool to the City of Manchester, which will attract more tourists and custom as it becomes easier to enter the city. Liverpool Waters has been designed to create a high quality and world-class waterfront quarter located in central Liverpool with 60 hectares of land spread over 2km of the Liverpool waterfront.
Foreign investment to Liverpool Waters has become a hot topic, due to criticism over unused office buildings already located within Liverpool; however Peel has argued that the huge span of the project will attract more foreign investment and so no space will go unused.
Strong relations and trading opportunities with Asia are predicted through the development of this project, which sits within the Mersey Waters Enterprise zone and includes the International Trade Centre (ITC), this will pull together fantastic international opportunities for Liverpool Waters.
The entire scheme will take pride in the cultural heritage and bring with it new and exciting developments, as well as adding to the sustainability of the city and continue the growth and connections the city has with North Liverpool and the wider sub-region.