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Comps insider: Liverpool offers triple lifeline

Liverpool waterfront
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While go-getting cities across the length and breadth of the UK jostled for investors’ sun-soaked attention at MIPIM last week, one promising area that stood out, with an impressive trio of major development announcements, was Liverpool

The largest of these opportunities by development potential was the next phase in Peel’s contentious 60ha Liverpool Waters regeneration, which provoked UNESCO’s wrathful call for a temporary moratorium on new city-centre development two years ago.

Dubbed Central Docks, the precinct will deliver more than 1,000 apartments in towers up to 44 storeys high alongside 185,000m² of mixed-use floor space and a 6.8ha public park overlooking the River Mersey.

Eight development plots have just been released for investor bidding, so now could be the perfect time to reach out to developer contacts with innovative high-quality visions for what could be delivered in this very sensitive area.

Next up, Liverpool City Council has announced it will soon be commissioning a masterplan for a new ‘gateway’ to its £2 billion Knowledge Quarter regeneration zone, which encompasses two universities, a medical school and a hospital.

The masterplan will improve public realm and reconnect plots fragmented by single ownerships east of Liverpool Lime Street, including the Mount Pleasant Car Park and Grade II-listed Adelphi Hotel.

A compulsory purchase order may be pursued once the chosen masterplanner has completed its work and a development partner is on board.

Finally, the council has begun a separate search for a development partner for the 36ha waterfront site of the 1984 International Garden Festival a few kilometres downstream.

Masterplanned by K2 Architects, the once abandoned area south of Herculaneum Dock near Dingle is set to receive 2,500 new homes alongside new mixed-use leisure and retail facilities. Discussions on architectural appointments will follow the appointment of a developer.

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