Chamber members DTM Legal share an opinion bulletin on the progressive regeneration across the Liverpool City Region, following the successful Liverpool Property Awards earlier this month…
PROGRESSIVE REGENERATION FOR LIVERPOOL CITY REGION
As we approach the end of the 2nd decade of the 21st Century, the positive prospects for the City were reaffirmed at the Liverpool Property Awards on the 6th June 2019.
The awards highlighted a significant rebirth over the last 5 years and it’s no surprise that Liverpool currently has 1.4 billion worth of major construction schemes currently on site.
Liverpool is due to attract a further £1 billion pounds worth of development investment for the 5th consecutive year. For 2019 and 2020, it is due to see new homes, improved leisure facilities, further health and education amenities and a mixture of new industrial and commercial space. Liverpool is ‘in the midst of unprecedented renaissance’ as quoted by Joe Anderson OBE, the Mayor of Liverpool, earlier this year.
Projects such as Liverpool Waters (Winner, Developer of the Year) have truly regenerated one of Liverpool’s most iconic areas.
Lindsay Bromby, Operations Director at Redwing, commented: “Liverpool has always been a forward-thinking city and the level of regeneration that’s both ongoing and planned is immense. Liverpool Waters builds on the city’s history of iconic, ground-breaking buildings and brings some fantastic mixed-use projects to the waterfront. We’re proud to be a part of the residential aspect of the project with Plaza 1821, and it’s so exciting to see the wide range of other commercial and residential plans.”
The overall connectivity of the City has previously been a concern but projects such as The Liverpool Lime street (ISG , Ion Development) (Shortlisted) and £47m Liverpool City Centre Connectivity Scheme will look to improve these barriers which will link the City more efficiently.
The project, Mere Grange, St Helens (Network Space, Homes England, St Helens Council, Liverpool City Region Combined Regional Authority) who won Commercial Development of the Year at the Liverpool Property Awards, is currently attracting new business into the area and creating new jobs.
Anna Duffy, head of property at DTM Legal comments: “The city has seen an abundance of transformation over the last 20 years. Liverpool is such a forward thinking city, and has demonstrated its ability to truly create positive change focussing on retaining its talent. The development projects highlighted during the Liverpool Property Awards looks to encourage this movement.”