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8

Commercial Property Register

March - June 2018

www.compropregister.com

A key moment has arrived at Peel’s vast Liverpool Waters project

with development underway after the ground breaking ceremony at

Plaza 1821 as part of the construction at Princes Dock.

This first phase of a £21 million, sixteen-storey residential tower is

part of a Private Rented Sector scheme by Peel on behalf of Regenda

Group and will be the first residential building on the 60 hectares

development at Liverpool Waters.

Two other buildings are due to start construction in the docks in the

near future. The important point is that the pace is quickening on the £5

billion project with a revised master plan for Central Dock and progress on

plans for a new Liverpool Cruise and Isle of Man ferry terminals.

Lindsey Ashworth of Liverpool Waters commented: “2017 was a

breakthrough year for Liverpool Waters so it is fitting that the first building

starts this new year and 2018 will be a significant year for the project.

Plaza 1821 marks the beginning of an exciting new chapter here.”

Also at Princes Dock, KPMG has signed a new lease on its 1,115 sq

metres (12,000 sq ft) office, where it is the longest serving tenant in

the commercial space. Indeed, there has been a string of companies

renewing their leases at the dock.

Chris Fry of KPMG said: “Over the past two decades we’ve been at the

docks we have seen the area grow into a vibrant and diversified business

community.”

As part of the Liverpool Waters scheme, Peel now has planning

permission to place eight former shipping containers at Collingwood Dock

to be transformed into a visitor trail centre highlighting the history of the

North Liverpool and Bottle Docks. The facility will be managed by the

Docklands Trail charity focusing on showing schoolchildren and visitors

the vital role played by the docks in the local economy.

Ian Pollitt of Liverpool Waters commented: “Much of the land at

Liverpool Waters is currently disused dockland. As more and more projects

progress past the planning stage and enter the development stage, we

are looking forward to sharing even more good news in the future.”

NEWS

WHAT’S UP?

....

Dock!

One indicator of the strength of the

property market in Liverpool is

provided by the latest auction by

Sutton Kersh with more than 100 lots,

or 90% of the total on offer in the

February auction, sold.

Cathy Holt of the auction house said:

“We realised £7.8 million, which is a

fantastic start to the year. The turnout

was even better than expected with

many properties sold for prices much

higher than their guide price.

She said that there was interest from

a broader geographical area of the UK

and that the buoyancy reflected Liverpool

becoming an important part of the

Northern Powerhouse.

TIME FOR

Auction