The Peel Group has been working on plans for the Liverpool Waters project for several years and is now looking to get started on the reinvention of some 14 million square feet of mixed-use floor space across 150 acres of waterfront land.
Areas of new office space will be made available if the regeneration scheme succeeds and developers are hoping to see thousands of jobs created in Liverpool and across Merseyside as a direct result of their expansive plans for the region.
The Peel Group’s development director Lindsey Ashworth said: “It is a fantastic and almost unbelievable achievement to get a scheme of this scale and nature to a point where a planning application can be submitted.
“I have to say that it’s been very difficult to get a general consensus of agreement but we have managed this because all the stakeholders are proud of Liverpool and want this project to be delivered and therefore have made massive efforts to get it to this stage.”
To reach completion over the next several years, the Liverpool Waters project is expected to need around £5.5 billion worth of investment into the northwest of England.
Editor’s notes: In August 2010, a set of plans relating to the Wirral Waters scheme earmarked for close to the mouth of the River Mersey received the unanimous backing of local council members, much to the delight of Peel who were again behind the ambitious endeavour.
The Land & Property arm of the Peel Group currently rents more than half a million square feet of grade A office space to customers around the UK, including Morgan Stanley, HSBC, the NHS and PricewaterhouseCoopers.