£100m Investment for LIverpool Docks

Romal Capital has committed £100m for a mixed-use development in Liverpool’s Central Docks area.

In its planning application to Liverpool City Council, the property developer will progress the work it completed on Quay Central and Park Central, having built 237 residential apartments and commercial tenancies, which were delivered last year.

The new £100m scheme includes 330 sustainable ‘smart’ homes, retail space, as well as other amenities and public areas.

It proposes a mix of one-, two- and three-bedroom apartments designed to attract occupiers ranging from professionals to young families.

To reduce net carbon emissions, each home will feature power usage monitoring and solar panels installed in common areas.

Romal Capital aims to encourage the use of electric cars, with up to 20 EV charging stations to cater for the government’s zero-emission vehicle initiative.

It is expected that the commercial units will attract a range of occupiers, including hairdressers, beauty salons, delicatessens with indoor and outdoor dining, bike rental and kayak stores.

The proposed new public spaces include an active waterfront, marina floating pontoon, a suspended six-metre-wide cathedral-style bridge bordering the river canal for pedestrian and bike access, rooftop gardens and leisure space for al fresco dining.

A new cultural square would be used for market days, music and entertainment.

The spaces are designed to lend themselves to hybrid living, working and learning environments in a post Covid-19 world.

Greg Malouf, CEO at Romal Capital, said: “We are very excited about this scheme and it’s potential to transform this barren brownfield land into a thriving new waterfront neighbourhood.

“The combination of new smart homes, carefully selected retail and leisure outlets, and huge investment in new public realm will deliver a high quality lifestyle for its residents.

“New, high quality homes on this brownfield site means new jobs, greater investment and ultimately more people to enjoy this waterfront location.

“We hope this scheme acts as both a major catalyst and benchmark for future development within the area.”

Romal Capital will be working with principal landowner Peel L&P in developing the Liverpool Waters regeneration zone.

Source: Development Finance Today