River Mersey

Plans revealed for second phase of Liverpool regeneration scheme



Plans for the second phase of a £5bn regeneration scheme set to create five new neighbourhoods on the River Mersey in Liverpool have been revealed.

The second phase of the Central Docks neighbourhood – Park Central – is set to be launched on 8th September by property investment company BuyAssociation and developers Romal Capital.

Alongside the Central Docks neighbourhood will be Princes Dock, Clarence Docks, Northern Docks and King Edward Triangle, which will collectively create more than 9,000 new residential apartments, as well as restaurants, bars and cafes alongside a cultural hub and retail spaces.

The 60-hectare scheme will also comprise 315,000 sqm of business space and 53,000 sqm of hotel and conference facilities.

River Mersey
 
“This is a really exciting project and we’ve already seen a huge amount of interest from investors from all over the UK and internationally,” said Caroline Marshall-Roberts, CEO at BuyAssociation.

“Liverpool is such a thriving and vibrant city, and it’s now seen as one of the top places in the country for property investment, with fantastic rental yields and strong house price growth predictions.”

Darran Lawless, development director at Peel, responsible for Liverpool Waters, added: “This is an exciting time for the Liverpool Waters project, with the construction of a number of developments well underway, and many more due to commence soon. 

"It’s fantastic to see Romal Capital launch their second residential building at Central Docks and we’re confident that Park Central, alongside Romal Capital’s first development, Quay Central, will be a much sought-after address for both local and foreign investors.”


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