LIVERPOOL'S INVESTMENT OPPORTUNITIES - March 2019 Prospectus - Regenerating Liverpool
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
LIVERPOOL’S INVESTMENT
OPPORTUNITIES
March 2019 Prospectus
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 1
Liverpool has an exciting future with £14 billion
worth of investment in the pipeline. Come and
join in.
Our world renowned waterfront city – a city that has a worldwide reputation for
excellence - is currently attracting more investment than at any previous time in its
history. Development activity is running at over £1 billion each year, creating jobs,
opportunities, and building new homes.
We’re building a city with aspirations to become the most business-friendly location
in the UK. We are excelling in key industries such as digital and creative. We have
one of the UK’s most significant clusters of bio-sciences and a growing logistics
industry located right next to the country’s newest deep water freight container
terminal. We have a leisure and culture offer that not only draws in visitors from our
own region but also nationally and from all over the globe.
With a pipeline of £14 billion worth of schemes, there are several opportunities for
investors to become involved, and for future end users to influence the type of
buildings they want.
This brief guide highlights some of the major schemes being led by Liverpool City
Council that are happening right now or are planned, and for which investors are
being sought.
For more information about these and other opportunities we can help you with,
please visit our website www.regeneratingliverpool.com
IMAGES OPPOSITE
(TOP): PROPOSED – PALL MALL
(BOTTOM): ON SITE - ROYAL COLLEGE OF PHYSICIANS, PADDINGTON VILLAGE
FRONT PAGE: “ECHOES OF LIGHT” AT THE PIER HEAD © JAMES MALONEY, LIVERPOOL ECHO
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 1
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 2
We Are Liverpool
With a global perspective, world famous brands and exceptional economic
strengths, Liverpool is recognised as one of the UK’s leading business
destinations. We are at the centre of the UK’s second largest regional
economy with access to 6 million customers. Our regional economy is worth
more than £149 billion with 236,000 businesses. We are home to global Fortune
500 companies complemented by a large, diverse base of innovative SMEs
and start ups. Businesses are attracted to Liverpool by market opportunities, a
low cost base, international connectivty and an outstanding quality of life.
We are ranked No. 1 in the UK for both entrepreneurship and business growth,
and renowned for our cutting edge technology and R&D. We top the
Northern league tables for business innovation. There is no shortage of talent
either, with 6 million people within the travel to work catchment and 12
universities across the Liverpool City Region producing nearly 80,000 graduates
per year.
Liverpool offers investors possibilities across a broad range of
industry sectors including financial and professional services,
low carbon, digital and creative industries, advanced
manufacturing, life sciences, logistics and leisure. Major
investors include Astra Zeneca, BNY Mellon, Jaguar Land
Rover, Maersk, Siemens, Sony and Unilever. We also
have the unique brands of Liverpool Football Club and
The Beatles.
Liverpool continues to change and attract
investment. In the last 5 years the City has attracted
over £5 billion of physical investment even through a
time of austerity. The scale and quality of the City’s
transformation has been of
international significance. There
are no plans to stop however,
and exciting opportunities
have been identified
to sustain the
momentum.
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 3
Why Invest in Liverpool?
Liverpool is a world class, internationally recognised
city enjoying a renaissance. Now attracting over
£1 billion a year in investment, it is continually showing
how it is a city that is open for business. We are looking
for key investment partners to drive forward the City’s
economy and deliver a range of diverse major projects.
We are open to a range of investment approaches and
structures including but not limited to joint ventures, equity,
funding, contractor delivery, acquisitions and hybrid models as
appropriate to the relevant financial investment including returns
both short and long term. The City will also prioritise delivery and
act as a wider facilitator where required, utilising its legal powers under
land and property compulsory purchase, and subject to legislative requirements.
INCENTIVES
In addition to the above, we would be able to offer a range of incentives that include:
FUNDING PROPERTY INCENTIVES
There are a variety of funds available to Liverpool offers some of the highest levels of
businesses who are looking to invest or expand property incentives in the UK, with potential for
within the Liverpool City Region. The funding is significant rent free periods on office
delivered locally ensuring rapid appraisal, accommodation. Combine this with some of the
rapid decisions and rapid results. It’s the way lowest real estate prices and Liverpool offers an
we do business here. extremely cost effective solution.
We can connect you with a wide variety of
funding options available in this area.
LIVERPOOL IN LONDON
Whether it be loan, investment, crowdfunding, Liverpool in London is a base for Liverpool’s
invoice finance or asset finance, whatever businesses who want to benefit from a London
your needs may be, we can introduce you to location to network and secure business
the right funding products for your business. opportunities, without the significant cost
associated with a London address. Liverpool in
London membership puts you and your business
RECRUITMENT & SKILLS INCENTIVES at the heart of the capital, helping you to
secure deals in this vast marketplace.
Investing in skills is essential to any company’s
future growth. Grants are available to support Membership provides you with a London
the recruitment of apprentices. address, virtual office service, hot desk, access
to meeting and event space, membership to
We can offer invaluable business support for the London Chamber of Commerce & Industry,
recruitment and training through our ‘Liverpool discounted accommodation rates and more.
Work’ programme. The scheme provides a
dedicated account manager for your LAND ACQUISITION ASSISTANCE
company, offering a wide range of
recruitment services free of charge. We can support a scheme with the use of our
legal powers to acquire land and property
compulsorily to facilitate site assembly where this
is a significant economic benefit to the City,
making Liverpool an attractive choice for
investment.
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 4
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 5
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 6
OUR SERVICES ON OFFER TO YOU
We can help you in several ways:
FINDING A SUITABLE SITE OR PREMISES
Our Property & Asset Management Team has a database of sites and premises that are in Council
ownership and which may be easily available for development. In addition, we can assist with
land acquisition and use Compulsory Purchase Orders where this may be necessary for sites not in
our ownership.
FUNDING SUPPORT
In some cases, we can guide you through the maze of funding grants that could assist in site
assembly, renovating historic buildings, or even where there are incentives such as reduced
business rates or rents if you bring your business to certain parts of Liverpool.
PLANNING, CONSERVATION AND HERITAGE ADVICE
Our Planning and Conservation Teams can help you through the planning application process,
including finding solutions to working with historic buildings that we are keen to see preserved and
brought back into sustainable use.
BUILDING CONTROL SUPPORT
Our Building Control Team can ensure that your building works are adequately designed, and
correctly constructed by your building contractors, and can organize the required certification of
completion.
SOURCING THE RIGHT EMPLOYEES FOR YOUR BUSINESS
Our Employment Team can assist in liaising with Job Centres to find suitable employees for your
business, including researching and finding training courses where necessary to ensure that your
employees have the rights skills that you seek.
KEY CONATCT FOR DEVELOPMENT QUERIES:
Claire Slinger
Assistant Director, Investment & Development
Tel: 0151 233 0262
Email: Email: contact@regeneratingliverpool.com
Twitter: @regen_lpool
Website: www.regeneratingliverpool.com
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 7
8 7
1
6 3
2 4 11
9
5
10
1 Liverpool Waters & Ten Street
2 Kings Waterfront & Baltic North
3 Knowledge Quarter – Paddington Village
4 Upper Central
Crown copyright and database rights 2019
Ordnance Survey 100018351
5 Festival Gardens
6 Pall Mall Exchange
7 Fabric District
8 Pumpfields
9 Baltic Creative & Baltic South
10 Garston Village
11OPPORTUNITIES
LIVERPOOL’S INVESTMENT Liverpool| Innovation
Page 8 Park
1. Liverpool Waters & Ten Streets
Amongst the proposed uses are:
Overview
7,700 sq m / 82,870 sq ft of restaurants, cafes
The most ambitious regeneration project of its and convenience retail
kind anywhere in the UK, Liverpool Waters 57,100 sq m / 614,600 sq ft of businesses
comprises 21.5 million sq ft of mixed use 300,000 sq m / 3,229,200 of Grade A office
floorspace and a potential investment value of space
£5.5 billion. The scheme will regenerate a 148 14,900 sq m / 160,400 sq ft of hotels
acre historic dockland site to create a world class, 88,500 sq m / 950,000 sq ft of residential to
mixed use waterfront quarter for the City. The provide up to 1,200 homes
scale of the development and its ambitious 30 year
vision make Liverpool Waters one of the most Liverpool Waters currently has interested parties
important waterside regeneration and investment seeking to develop:
opportunities in Europe.
proposed £70 million Cruise Liner Terminal by
The Ten Streets area sitting next to Liverpool the City Council
Waters is a zone of historic warehouses and semi- hotel enquiries for two sites
redundant industrial buildings. Acting as a link proposed new £30 million ferry terminal for
between Liverpool Waters, North Liverpool and the Isle of Man ferry
the City Centre, it will provide the opportunity to potential £500 million football stadium for
deliver something new and different to Liverpool’s Everton Football Club
Northern City Fringe – an emerging and vibrant
creative quarter that will drive future prosperity The Ten Streets area has significant scope for new
and enhance the City’s status as an international development of its existing grid of streets, blocks
destination with a unique offer and character. and historic warehouses. Covering over 25 acres, it
will be transformed into a more diverse
Opportunity employment led neighbourhood with a wider
choice of start up space to support existing
Liverpool Waters will include mixed uses businesses and enable expansion. It will attract
incorporating offices, visitor attractions, retail and new businesses in key growth sectors, particularly
leisure, education and community as well as the artistic/creative sectors, and facilite the
significant residential development. Its first four creation a Cultural Enterprise Industry Hub.
major schemes totalling £200 million to bring
almost 1,000 residential units for the Private
Rented Sector commenced on site during 2018.
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 9ARTIST’S CGI OF THE PROPOSED LIVERPOOL WATERS DEVELOPMENT AS SEEN FROM THE RIVER MERSEY
QUICK FACTS
Proposed LOCATION: Liverpool waterfront, Liverpool
football City Centre
stadium
TOTAL ZONE AREA: 85 hectares / 210 acres
MAIN DEVELOPER: The Peel Group
SUITABLE USES: Office / Commercial /
Residential / Hotels / Leisure /
STANLEY Visitor Attractions / Education &
DOCK Training / Community Uses / Light
& General Industry
PLANNING STATUS Outline planning consent for 18.3
TEN (LIVERPOOL WATERS) million sq ft of mixed use
LIVERPOOL STREETS floorspace.
Detailed planning consent
WATERS obtained for 80,000 sq ft office
space, currently seeking
substantial pre-let to begin
development
PLANNING STATUS Development Framework
(TEN STREETS) Document endorsed in October
2016 with Masterplan for
PUMPFIELDS comprehensive development in
preparation.
LAND OWNERSHIP Mostly Peel Land & Property
(Liverpool Waters). Ten Streets is
Proposed Isle a mix of private ownerships.
of Man Ferry
Terminal POTENTIAL £6 billion
DEVELOPMENT
VALUE
Proposed new
cruise liner DELIVERY Phase 1 Liverpool Waters
terminal TIMESCALE commenced early 2018.
PRINCES Total development estimated to
DOCK LIVERPOOL take place between 2018 and
EXISTING 2035
CRUISE LINER CITY CENTRE
FACILITY
Crown copyright and database rights 2019 Ordnance Survey 100018351
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 102. Kings Waterfront & Baltic North
apartment block comprising of 102 apartments as well
Overview as a significant package of public realm works.
Since 2000, over £550 million has been invested in Baltic North is currently seeing investment in
regenerating Liverpool’s waterfront. This investment residential accommodation for the private rented
has provided a state-of-the-art arena, convention and sector in an area also enjoying views of the waterfront.
exhibition centre, new hotels, Grade A office space, The £32 million Baltic Village completed in early 2017,
temporary cruise liner terminal, canal, Mersey Ferries whilst a further £200 million worth of additional
terminal, museums, apartments, restaurants and residential schemes have planning approval for this
bars. Liverpool World Heritage Site waterfront is now popular location sandwiched between Kings
home to the City’s premier culture, leisure and Waterfront and the Liverpool ONE shopping/leisure
tourism destinations. district.
Kings Waterfront represents the final piece in the
jigsaw of the City’s waterfront regeneration Opportunity
programme. Most of the 25 acre site is owned by the A development partner is being sought for the 8 acre
City Council, with some £100 million worth of site at Kings Waterfront which offers scope for a £50 -
development already completed including the new £40 £100m mixed use commercial led development to
million Exhibition Centre Liverpool and the £26 million, include leisure, food/retail, hotel, restaurant, cafes,
200 bedroom Pullman Hotel built next to the existing bars, water-based attractions, offices and residential
Arena & Convention Centre Liverpool. A new £26 apartments in a high quality public realm that will use
million multistorey car park with 1,640 spaces the site to its best advantage and deliver a world class
commenced on site in February 2019. In addition, the destination development.
Contact Centre has been announced as the tenant of a
Baltic North has several significant sites and
£20 million office building that will bring 1,500 jobs to
development opportunities, including the soon to be
the site, whilst further plans have also been brought
vacated police headquarters on The Strand. Further
forward for a mixed use development that includes an
sites include the Kings Dock Street Industrial Estate
Interpretation Centre, another 900 space multi-storey
offering 6.8 acres with a prime frontage onto Wapping,
car park with ground floor commercial use, a 6 storey
the main highway linking the City Centre with South
Liverpool and Liverpool John Lennon Airport.
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 11.
LIVERPOOL
ONE ROPEWALKS QUICK FACTS
Merseyside
Police HQ LOCATION: Kings Waterfront and Baltic
North area, Liverpool City
ALBERT Centre
DOCK
TOTAL ZONE AREA: 30 hectares / 74 acres
BALTIC MAIN DEVELOPER: Seeking development partners
NORTH for several major opportunities
SUITABLE USES: Residential, Leisure, Public
ARENA & Kings Dock Exhibition Space, Hotels, Light
CONVENTION Street Industrial
CENTRE Estate Industry, Commercial, Education
PLANNING STATUS Several sites already with
planning permission granted
for residential schemes (PRS)
and hotels.
EXHIBITION
CENTRE LAND OWNERSHIP Kings Waterfront 3.2 ha / 8
acres owned by the City
KINGS Council is immediately
WATERFRONT available. Other sites in mixed
private and public sector
ownership.
POTENTIAL £800m to £1 billion
DEVELOPMENT
VALUE
DELIVERY 2017 - 2028
TIMESCALE
Crown copyright and database rights 2019 Ordnance Survey 100018351
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 123. Knowledge Quarter – Paddington Village
office building for the Royal College of Physicians;
Overview
Kaplan are building Liverpool International
This £1 billion flagship expansion site sitting at the College’s new £35 million facility that will include
eastern gateway of the City Centre’s Knowledge 259 student beds alongside teaching and office
Quarter has been earmarked as 1.8m sq ft of space;
science, technology, education and health space.
Rutherford Cancer Centre North West, a new £35
The 30 acre site presents a significant opportunity million facility that will be able to treat up to 500
of national significance with a commercial focus patients a year with proton beam therapy; and
on Life Sciences, Medical and Knowledge industry
Rutherford Diagnostics Centre, a new £20 million
led development. Located at the heart of the
facility that will be the first in a network of
City, the scheme will create a destination of
centres, and will address the significant shortage
choice for primarily research, education, health
of diagnostic provision in the UK resulting in
and science related business and institutions
patients waiting weeks for test results.
capable of creating upwards of 10,000 new jobs.
Inspired by the sense of community found in
places such as Greenwich Village in New York, it
will be a great place to live, work, discover and
Opportunity
socialise; and with state-of-the-art workspace,
As the owners of the land, Liverpool City Council is
laboratories, cafes, restaurants, shops,
working closely with a range of organisations and
accommodation and events space.
existing and potential new tenants to secure new
Paddington Village is being developed in three business and job creating opportunities at the heart
phases: Paddington Central, South Paddington of the site. A Strategic Framework Document has
and North Paddington. Construction on been adopted, providing a detailed masterplan for
Paddington Central commenced in 2017 with a Paddington Central, which includes ten
£12 million programme of infrastructure works. development plots, significant public realm and
At the start of 2019, no less than four of the major greenspace, and a multi-storey car park.
schemes are currently on site at Paddington
Central. These are: Amongst proposals coming forward are a new hotel
and some residential accommodation.
“The Spine” a £35 million 14 storey 175,000 sq ft
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 13PROPOSED: HOTEL AT PADDINGTON CENTRAL
ON SITE: ARTIST’S CGI OF THE RUTHERFORD DIAGNOSTICS CENTRE
ON SITE: LIVERPOOL INTERNATIONAL COLLEGE
QUICK FACTS
LOCATION: Knowledge Quarter, Liverpool
ROYAL City Centre
LIVERPOOL
UNIVERSITY TOTAL ZONE AREA: 12 hectares / 30 acres
HOSPITAL
MAIN DEVELOPER: Liverpool City Council seeking
PADDINGTON
investment and development
NORTH
UNIVERSITY OF partners
LIVERPOOL BIO-
ENGINEERING SUITABLE USES: Residential, education and
CAMPUS commercial uses – especially life
sciences and healthcare
PADDINGTON
CENTRAL PLANNING STATUS Spatial Regeneration
Framework approved in
January 2017
LAND OWNERSHIP Mostly Liverpool City Council
UNIVERSITY OF
LIVERPOOL POTENTIAL £1 billion
PADDINGTON
MATERIALS DEVELOPMENT
SOUTH
INNOVATION VALUE
FACTORY
DELIVERY 2017 - 2027
TIMESCALE
Crown copyright and database rights 2019 Ordnance Survey 100018351
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 144. Upper Central (formerly Knowledge Quarter Gateway)
1,000 jobs and 300 businesses, creating an ecosystem
Overview of companies involved in sensor-related technologies,
Upper Central sits to the immediate south of Lime providing accommodation and rapid prototyping
Street Station, and forms the south western border of support.
the Knowledge Quarter where it meets the City’s
Main Retail and Ropewalks areas. It therefore acts as
a key link between the universities and the
shopping/leisure areas with high levels of pedestrian
Opportunity
traffic crossing between the two. Augur have taken over from Merepark as developer
Liverpool City Council recently completed its £39 for the remainder of what was previously known as
million Lime Street Gateway project that includes a Central Village and is now rebranded as the Circus
101 bedroomed Premier Inn Hotel alongside a 412 Development. Plans to complete the redevelopment
bedroom student accommodation block and ground of the Lewis’s Building and adjacent sites – along with
level retail/leisure/commercial units including a Lidl the Central Station Shopping Centre which the
store. Earlier in 2016, Merepark transformed the Council purchased in 2017 – with further retail,
former Lewis’s Building into Adagio Serviced Apart- leisure and residential accommodation are currently
ments, whilst a portion of the building was linked to being finalised.
the adjacent Watson Office Building as “The Liverpool John Moores University has revealed plans
Department” which featured 75,000 sq ft of new to build a £64 million stduent campus that will
office space, much of which was immediately taken include a student life and sports building on the site
by the Liverpool NHS Clinical Commissioning Group. of the former Copperas Hill Post Office Building. Its
In the north-west corner of the zone, Sensor City 1.4 hectare site will be developed in two phases as
opened in November 2017 as a global hub for the part of a wider masterplan across the LJMU estate.
development of sensor technologies. Backed by the Suitable uses for sites within the area include
University of Liverpool, Liverpool John Moores educational uses, leisure, public exhibition space,
University, the Department for Business, Energy and offices, digital and creative industries, medical
Industrial Strategy (BEIS), and European funding, the research institutions, hotels, residential and student
£15 million facility has a long term target of creating accommodation.
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 15LIME STREET GATEWAY, COMPLETED JANUARY 2019 ON SITE: AUGUR’S “CIRCUS”
PROPOSED: LJMU CAMPUS EXTENSION
CULTURAL QUICK FACTS
QUARTER
LOCATION: Knowledge Quarter, Liverpool
City Centre
TOTAL ZONE AREA: 22.6 hectares / 56 acres
DEVELOPER: Seeking development partners
LIME ST
for several major
STATION
ST JOHN’S opportunities
SHOPPING
CENTRE SUITABLE USES: New education and academic
SENSOR
uses, digital, tech and bio-
CITY
LIME ST technical facilities, residential
LJMU
GATEWAY accommodation, commercial
CAMPUS
EXTENSION and leisure/hotel offer
ADELPHI PLANNING STATUS A Strategic Regeneration
HOTEL Framework (SRF) currently in
preparation which will help
MOUNT deliver the regeneration and
PLEASANT MS development of the area.
CAR PARK
“CIRCUS” LAND OWNERSHIP Mount Pleasant Car Park
(Liverpool City Council), Circus
(Augur) plus other multiple
private owners
KNOWLEDGE
POTENTIAL £600 million to £800 million
QUARTER
ROPEWALKS DEVELOPMENT
VALUE
DELIVERY 2017 – 2027+
TIMESCALE
Crown copyright and database rights 2019 Ordnance Survey 100018351
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 165. Festival Gardens
The Development Zone currently has outline
Overview planning consent for 1,380 residential units with
The International Garden Festival ran from May- ancillary commercial facilities, which is valid until
October in 1984 and welcomed 3.5m visitors. It December 2022.
continued in leisure use until 1996, but then closed
to the public. The gardens were refurbished and
brought back into use in 2012. The City Council
regained full control of the site in 2015. Opportunity
The 100 acre Festival Gardens site is made up of ION and Midia have formed a joint venture company
three areas (28 acre Development Zone, 25 acre to develop a masterplan for the residential-led
Gardens & 47 acre Southern Grasslands). It is redevelopment of the Development Zone, supported
located in a prime waterfront location on the River by a number of strategies, including remediation and
Mersey within 3 miles of Liverpool City Centre. The funding strategies. The vision is to deliver 1,500 new
intention is to facilitate regeneration with a vision homes in a range of types and tenures, supported by
for a new mixed-use, sustainable neighbourhood retail, leisure and community uses, and a high-quality
set amongst an enhanced parkland setting. public realm.
Festival Gardens was presented at MIPIM 2017 and
The objective for the Gardens and Grasslands is to
features in the Department for International
create a destination leisure offer of a scale and offer
Trade’s Northern Powerhouse Investment Portfolio.
that will create national draw, while working with the
The Council has been in discussion with prospective
natural environment and opening up the site for
investors, developers and operators in respect of
public recreation use. The Council has undertaken a
future residential and leisure development.
soft market test on a potential leisure development,
Detailed site investigations have been undertaken seeking expressions of interest from prospective
on the Development Zone and are now underway investors, developers and operators. The Council are
on the Gardens and Southern Grasslands. This will reviewing feedback and will consider other
determine site composition and inform remediation complementary leisure proposals for the Gardens
strategies for future development. and Southern Grasslands.
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 17QUICK FACTS
LOCATION: Festival Gardens, off Riverside
Drive,
TOTAL SITE AREA: 40 hectares / 100 acres
DEVELOPER: Seeking leisure development
partner/investor/operator
ST MICHAEL’S
SUITABLE USES: C3 Dwellings, A1/A2/A3/A4
MERSEYRAIL STN ancillary retail, food & drink, C1
hotels, C2 residential institutions,
D1 medical facilities (subject to
DEVELOPMENT planning)
SITE
PLANNING STATUS Outline planning consent
FORMAL previously granted for 1,038
GARDENS apartments and 66 town houses,
expires December 2022.
SOUTHERN
GRASSLANDS LAND OWNERSHIP Liverpool City Council
POTENTIAL £150 million to £400 million
DEVELOPMENT
VALUE
DELIVERY 2019 - 2029
TIMESCALE
Crown copyright and database rights 2019 Ordnance Survey 100018351
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 186. Pall Mall Exchange
Overview Opportunity
Pall Mall is a prime 3.6 hectare City Centre site and a Phase I (1.2 hectares) is in LCC ownership and adjoins
fabulous opportunity to develop approximately 2 the former Exchange Station. A development partner
million square feet of high quality development, has been selected, and their planning application for
including substantial amounts of Grade A office office-led redevelopment can accommodate circa
space. This will help to facilitate the expansion of 400,000 square feet of new Grade A office
Liverpool’s Commercial Business District and further accommodation in four new buildings with ancillary
the City’s ability to grow its professional and financial leisure and retail uses, and a high quality public
services sector. realm.
Liverpool’s commercial office sector has undergone a Phase 2, the northern part of the site is owned by a
steady transformation. The £120 million St Paul’s third party and represents a second phase of a wider
Square development established a new commercial masterplan which will see the creation of more
quarter in the City, drawing new and existing offices and a mix of other uses. This could include
businesses including Hill Dickinson, Investec, further retail and leisure uses, a hotel, multi-storey
Santander, Allied Irish Bank, HBOS, DWF, Weightmans car park and residential development of circa 1,500-
and Maersk. This was ten years ago and significant 2,000 new homes, set in a high-quality public realm.
take-up has led to a very limited supply of Grade A
The Council is in the process of producing a Strategic
office space being available in the City Centre. The
Regeneration Framework, in liaison with key
City Council recognises that the availability of Grade A
stakeholders, to guide the managed expansion of the
office accommodation is fundamental to the future
wider City Centre Commercial District with the
economic growth of the City when competing in a
objective of growing indigenous businesses, attracting
regional and national market context.
inward investment and creating job opportunities, all
within a modern, high-quality environment.
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 19QUICK FACTS
LOCATION: Commercial District, Liverpool
City Centre
TOTAL SITE AREA: 3.6 hectares / 8.8 acres
Phase 2 DEVELOPER: Kier / CTP (Phase 1)
SUITABLE USES: Commercial led mixed-use
development
PLANNING STATUS Local Development Plan
ST PAUL’S supports office development
SQUARE and other complementary uses
Phase 1
in this location
LAND OWNERSHIP Liverpool City Council and
other
“EXCHANGE” POTENTIAL £160-180m (Phase I)
CORN
EXCHANGE
DEVELOPMENT
VALUE
MOORFIELDS DELIVERY 2020-2026 (Phase I)
ROPEWALKS STATION ENTRANCE
TIMESCALE
MOORFIELDS
STATION
ENTRANCE
Crown copyright and database rights 2019 Ordnance Survey 100018351
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 207. Fabric District
The area has the potential to grow and develop
Overview the Fabric District as a new Creative Quarter
The Fabric District is located close to Liverpool City complementary to and working in tandem with the
Centre and adjacent to the Knowledge Quarter and Baltic.
Cultural Quarter. Historically the area is known for The Fabric District Community Interest Company
its hat makers, upholsterers, drapers, tailors, (CIC) has been formed and in 2018 a Vision
cabinet makers, furniture builders and printers, in document for the area was launched. The aim of
recent years the area has diversified to a mixed the Vision is to support the long established
use area. It is a new area for regeneration and manufacturers and makers in the fabric district and
development, whilst conserving and supporting its attract like-minded businesses to the area.
historical business community.
The area is still home to furniture and fabrics
businesses such as Abakhan Fabrics and several Opportunity
other smaller independent fabric shops and
dressmakers. In recent years the area has become With its close proximity to the London Road District
a new destination for residential developers Centre and its historic market, the Fabric District’s
including student providers with some £140 million furniture, upholstery and dressmaking businesses
worth of schemes currently on site providing 1,600 benefit from being close to other shops and services
bedrooms at “Natex”, “The Weavers”, “33 Devon including leisure outlets which also attract customers
Street” and “One Islington Plaza”. There is over from a wider area than just local residents.
£100 million of further residential accommodation
currently proposed at schemes such as “Fabric The City Council is working with the local CIC to
Village”, “The Drapery” and “Hughes House”. facilitate new development opportunities in this area.
At the start of 2018 it was announced that
entrepreneurs were now looking at the Fabric
District as a new location for the creative sector.
“The Tapestry” has been created, bringing a new
creative hub with events space available for hire.
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 21“THE TAPESTRY”
“One Islington
“Fabric Village” Plaza”
“33 Devon
Street”
“The Drapery”
“The Weavers”
“THE TAPESTRY”
“Natex”
“Hughes
House”
KNOWLEDGE
QUARTER:
MONUMENT HEALTH CAMPUS
CULTURAL PLACE
QUARTER
Crown copyright and database rights 2019 Ordnance Survey 100018351
QUICK FACTS
LOCATION: Between Islington and London
Road, Liverpool City Centre
TOTAL ZONE 12.1 hectares / 29.9 acres
AREA:
MAIN DEVELOPER: Various independent private
sector developers
SUITABLE USES: Commercial office/industry/
creative industries/leisure/
retail/ warehousing including at
ground floor beneath
residential and student
accommodation
LAND OWNERSHIP Some City Council owned
land/properties; otherwise
various private ownerships
POTENTIAL £300 to £500 million
DEVELOPMENT
VALUE
DELIVERY 2017-2024
TIMESCALE
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 228. Pumpfields
There is an opportunity to consolidate ownerships
Overview across the area to deliver comprehensive
Pumpfields is a major investment opportunity on development schemes. Some sites are in public
the northern fringe of the City Centre. The area was sector ownership and others are on or have
historically industrial but is fast becoming a focus recently been on the market.
for residential development to cater for the growing The City Council are in the process of producing a
demand for new homes in central Liverpool. Development Framework document for Pumpfields
This 26 hectare zone comprises a mix of uses to articulate the vision for the future and establish
including the City of Liverpool College’s “Institute of parameters to guide new developments.
Technology”, light industrial premises, residential A mix of tenures will be encouraged to meet the
uses (notably Atlantic Point and The Reach), surface needs of a diverse community - from key workers to
car parks and vacant and derelict land. young families, and retired couples looking to
It is in easy reach of the City Centre and waterfront, downsize. The role of Vauxhall Road at the heart of
and benefits from high profile frontages along Leeds the area will be reinforced through focussing
Street and Scotland Road – key approach routes to supporting retail, commercial, community and
the City Centre, proposed cruise liner facility and leisure uses along this main route. The creation of
Liverpool Waters. high quality public realm will knit together
individual development schemes and engender a
Opportunity sense of place.
Due to its proximity to the services and facilities in
Pumpfields presents an opportunity to create a new
sustainable residential community with its own the City Centre, Pumpfields presents an opportunity
to promote sustainable modes of transport and
distinct character and which links seamlessly with
therefore cycling and pedestrian facilities will
the established communities of North Liverpool and
the City Centre. There are currently over 3,000 feature strongly in future plans. Enhancing the
residential units either on site or with planning linkages between Pumpfields and the surrounding
area will be particularly important to create
permission in Pumpfields and the number of
synergies with neighbouring major regeneration
emerging schemes could almost double this figure.
Amongst the schemes on site is the Elliot Group’s schemes including Great Homer Street (new district
centre) to the east and Liverpool Waters and Ten
£250 million “Infinity” that will provide 1,002
Streets to the west.
homes whilst further major residential schemes are
proposed for “The Metalworks”, “Freemasons
Row”, “The Tannery”, “Bevington Bush”, Paul Street
and several others.
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 23PROPOSED: “THE TANNERY”, RESIDENTIAL ACCOMMODATION
(£65 MILLION) QUICK FACTS
LOCATION: Pumpfields, north of Leeds
Street, City Centre
TOTAL ZONE AREA: 26 hectares / 66 acres
MAIN DEVELOPER: The Elliot Group and several
private sector developers
already active
SUITABLE USES: Residential and employment
ON SITE: NORTH POINT (£90 MILLION) ON SITE: “INFINITY” (£250 MILLION) PLANNING STATUS 3,000+ residential
permissions, formal allocation
for industrial uses (UDP, 2002)
under review as part of new
Local Plan currently at public
examination stage.
LAND OWNERSHIP Mostly private sector
individuals but with some City
Council and government
owned sites and premises
POTENTIAL £450 million in the pipeline,
DEVELOPMENT up to c £750 million
VALUE
DELIVERY Immediate opportunities and
TIMESCALE project lifetime of circa 15
years
TEN
STREETS
KINGSWAY TUNNEL
“Bevington
Bush”
CITY OF
LIVERPOOL “Paul Street” “The
“Pall Mall” Tannery”
COLLEGE “St
Bartholemew
Road”
“The
Northern “Freemasons
“The
Quarter” Row”
Metalworks”
“Infinity”
LIVERPOOL
WATERS LJMU
CAMPUS
COMMERCIAL OFFICE
DISTRICT
Crown copyright and database rights 2019 Ordnance Survey 100018351
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 249. Baltic Creative & Baltic South
The zone also has two new hotels under construction:
Overview the £70 million Epic Hotel and Residences that will
The southern end of the Baltic Triangle area is bring a 15 storey, 306 bedroom hotel with 50
undergoing considerable change with £190 million serviced apartments and a luxury spa and roof top
worth of investment currently on site and a further pool; and the 36 bedroom boutique “Baltic Hotel” on
£250 million proposed. Jamaica Street.
Baltic South has a well established business With the area now a development hotspot, Merseyrail
community that includes digital creatives anchored by are considering a railway station at St James Place/
Baltic Creative, and several leisure venues including Stanhope Street which will improve public transport
Camp and Furness. Baltic Creative has been investing access to this part of the City. This could eventually link
in new premises over the last decade; these are now into the Main Line and the City’s Knowledge Quarter.
home to several new niche businesses. The latest
scheme, Digital House has seen a former warehouse
converted to high quality affordable space for digital
Opportunity
companies wishing to grow. The £2.6 million scheme, Baltic South, the St James area and Queens Dock
completed in January 2019, has the capacity to house frontage have between them a significant number of
20 companies and will contribute massively to the former historic warehouses and vacant sites available
Baltic Triangle’s status as one of the fastest growing with potential for mixed use developments that can
clusters in the UK. combine creative and digital workspaces with leisure
In addition to leisure and digital tech creatives, the and education uses, residential and hotels.
zone is also home to a growing residential With ever-increasing pressure on the remaining
community. Completed in February 2019, “X1 The available land, a Spatial Regeneration Framework (SRF)
Quarter” has seen 560 apartments built at a cost of is being prepared to guide the future development of
over £74.4 million. Further residential and student the Baltic Triangle area. A draft of the SRF will go out
developmements are currently on site at “Parliament to public consultation in summer 2019, after which it
Residences”, Blundell Street, “Baltic 56” and “One will be used as a Supplementary Planning Document in
Baltic Square”, whilst additional major schemes have any planning applications in the area. This new
been proposed for “Parliament Square” and a new masterplan will help ensure and guide growth for the
scheme is being prepared for the Great George Street decades to come.
Project.
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 25COMPLETED: “DIGITAL HOUSE”,
61-63 NORFOLK STREET
ON SITE: EPIC HOTEL & RESIDENCES (£70m)
PROPOSED: PARLIAMENT SQUARE
LIVERPOOL
ONE
QUICK FACTS
LOCATION: Baltic South area, Liverpool City
ROPEWALKS Centre
TOTAL ZONE AREA: 39 hectares / 97 acres
MAIN Assetcorp, Baltic Creative CIC,
DEVELOPERS The Elliot Group, Great George
BALTIC NORTH ACTIVE: Street Developments Ltd,
Legacie Developments, X1
Developments Ltd
“Great
“Blundell ANGLICAN
George
Street”
Street CATHEDRAL SUITABLE USES: Residential, Leisure, Public
Project” Exhibition Space, Hotels, Light
“Baltic “Baltic
Hotel” House” Industry, Commercial, Education
“Epic Hotel &
Residences” BALTIC PLANNING STATUS Several sites already with
CREATIVE
“Parliament planning permission granted
BALTIC Square” for residential schemes/
QUEENS SOUTH student accommodation and
DOCK “Parliament
Street hotels.
“X1 The ST JAMES
Quarter” Residences” STATION
LAND OWNERSHIP Mostly private sector
(proposed)
individuals interspersed with
“One Baltic Council ownership
Square”
POTENTIAL £800 million to £1.2 billion
DEVELOPMENT
VALUE
DELIVERY 2017 - 2025
TIMESCALE
Crown copyright and database rights 2019 Ordnance Survey 100018351
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 2610. Garston Village
area having seen some of the highest residential
Overview price rises in the City.
Garston is an under‐recognised strategic The scale of opportunity in Garston should not be
opportunity hidden by road and rail corridors and underestimated. This is the gateway to Liverpool
with limited access to arguably the best south west from the south by both road and rail, and as the
facing Waterfront on the River Mersey. The Mersey footprint for such infrastructure, it has huge
Basin provides a dramatic mix of urban and tranquil potential to become a high quality residential
backdrops – facing the industrial landscape of village neighbourhood. As the largest residential
Ellesmere Port and South Wirral at a distance. scheme in the City with capacity for up to 30,000
There are literally acres of underutilised and under‐ new homes, it will make the most of the area’s
recognised land within minutes of a mix of core proximity to the river and excellent transport links.
strategic assets including the West Coast Main Line An initial masterplan has been produced
Spur giving quick access to the national rail demonstrating how the area can be regenerated.
network, excellent road connections to the Proposals include reviving the existing high street
motorway network and the new Mersey Gateway and expanding its retail offer to secure Garston’s
Bridge. It also has its own port and dock system position as a sustainable retail centre.
owned and operated by Associated British Ports,
but forming part of a network of Ports along the The opportunity also exists to create new
Mersey and Manchester Ship Canal. neighbourhood communities by complementing the
existing housing stock with a mixture of low,
medium and high density housing that will give the
area and community a new distinctive image and
strong identity.
Opportunity
Furthermore, we aim to maintain Garston’s role as an
For the last decade, South Liverpool has been one affordable location for manufacturing and port-related
of Liverpool’s best success stories with new activities, as well as encouraging start-up and creative
businesses having settled here in and around businesses to make the area their base.
Liverpool International Business Park, and hundreds
of new homes built which have contributed to the
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 27.
QUICK FACTS
LOCATION: Garston, South Liverpool
TOTAL ZONE AREA: 90 hectares / 222 acres
MAIN DEVELOPER: Seeking development and
investment partners for
several major opportunities
SUITABLE USES: Residential (capacity for between
3,000 and 30,000 units),
commercial
LAND OWNERSHIP A mixture of City Council and
other public sector
ownerships, and private sector
owners.
POTENTIAL £500m to £2bn
DEVELOPMENT
VALUE
DELIVERY 2020 - 2032
TIMESCALE
Crown copyright and database rights 2019 Ordnance Survey 100018351
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 2811. Liverpool Innovation & Technology Park
be developed out to provide new sound stages to
Overview support film and television making in the City.
Liverpool Innovation Park (LIP) is an established, There will also be space for Liverpool’s creative
well connected hub for Liverpool’s technology community, designed as an overflow of the
businesses. Featuring over 300,000 sq ft of offices successful Baltic Triangle district near the City
and light industrial units configured around Centre. In 2015, Capital & Centric completed the £4
fantastic amenities, it incorporates Wavertree million conversion of the adjacent Bunker Building
Technology Park, the Liverpool Digital site and the as 20,000 sq ft speculative office space, aimed at
former MTL site, comprising of high specification digital and creative companies.
offices, industrial units and standalone
refurbishment opportunities.
LIP focuses on developing knowledge and business
Opportunity
networks between innovative organisations within Prime land is available along the Edge Lane
the City Region and beyond for the benefit of its corridor, the eastern gateway entrance route into
occupiers. Recent investment has seen a new 79 Liverpool from the M62 motorway, which has in
bedroom Travelodge Hotel opened, as well as The recent years been upgraded with help of
Range, a new store featuring a garden centre, café substantial private and public investment. More
and on-site bakery. land is available adjacent to a new access road
opening onto Edge Lane, called Digital Way which
The former Littlewoods building, an iconic 1930’s
opened in 2016 to create new development plots.
Art Deco style building on the southern edge of the
Innovation Park, is to be transformed into a The sites are ideal for further digital and creative
Hollywood standard film studio at a cost of £50 businesses, but also lend themselves to the retail
million. Owners Capital & Centric have signed a and hospitality sectors, including a further potential
deal with the UK’s oldest film studios Twickenham hotel which could capitalise on its location close to
Studios who will lease 85,000 sq ft and become the the proposed digital film and television studios.
facility’s first anchor tenant. The adjoining sites will
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 29.
PROPOSED: LITTLEWOODS FILM STUDIOS
LIVERPOOL DIGITAL “THE BUNKER”
QUICK FACTS
LIVERPOOL LOCATION: Liverpool City Centre
SHOPPING
PARK TOTAL ZONE AREA: 108 acres / 43.6 hectares
Travelodge
“LITTLEWOODS
“LITTLEWOODS
FILMFILM STUDIOS”
STUDIOS” The Range MAIN DEVELOPER: (Liverpool Digital) Valedown
Ltd; (Littlewoods development)
LIVERPOOL Capital & Centric; (Liverpool
DIGITAL
“The Innovation Park) seeking
Bunker” investment partners
WAVERTREE
WAVERTREE SUITABLE USES: Digital & Creative, film &
TECHNOLOGY
TECHNOLOGYPARK
television, commercial, retail
PARK
LAND OWNERSHIP Mix of public and private
WAVERTREE sector ownership
TECHNOLOGY
POTENTIAL £100 million
PARK SOUTH
DEVELOPMENT
VALUE
DELIVERY 2017-2023
TIMESCALE
Crown copyright and database rights 2019 Ordnance Survey 100018351
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 30FOR REGENERATION QUERIES, PLEASE CONACT:
Claire Slinger
Assistant Director, Investment & Development
Tel: 0151 233 0262
Email: contact@regeneratingliverpool.com
www.regeneratingliverpool.com
Twitter: @Regen_Lpool
FIND OUT MORE AT
www.regeneratingliverpool.com
LIVERPOOL’S INVESTMENT OPPORTUNITIES | Page 31You can also read
