Commercial Property Register
March - June 2018www.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
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.”
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