Liverpool has become the byword for regeneration in the UK. The city, one of the main pillars of the Northern Powerhouse structure, is undergoing myriad, extensive regeneration projects that aim to make it a visible, viable and important global economic contender.
Liverpool Waters is the £5.6 billion project that will reshape Liverpool beyond anything that could have been imagined only decades ago. The ambitious regeneration is one of the biggest in UK history, and will become the envy of many the world over.
The project will make use of up to two million square metres of land along Liverpool’s riverside and dockland areas. It will bring incredible economic benefits across commercial, residential and leisure sectors.
An eight storey Maritime Commercial Building will take up space in the 315,000 square metres of office space already earmarked for development. Liverpool Waters is projected to create up to 37,000 jobs within this space, bringing together a whole new concentrated workforce to the heart of Liverpool.
Liverpool Waters will also accommodate a brand-new residential district. A 44-storey residential skyscraper will account for a large portion of the total 9,000 apartments that will be constructed. This new buy to let landlord’s paradise will be spread across five purpose-built neighbourhoods.
The development will also be a leisure attraction hoping to capitalise further on Liverpool’s already impressive tourism statistics. Just under 100,000 square metres of hotels, bars, restaurants and retail space will seek to draw in visitors from home and abroad.
Liverpool Waters is the linchpin for all other regeneration projects taking place in and around the city. If you join up the dots and follow the links, all roads lead to Rome. Or, in this case, Liverpool.
Speaking of roads, extensive infrastructure work is being undertaken on Liverpool’s historic outer roads that snake through and around the dockland areas. In advance of projected increases in traffic, both vehicular and pedestrian, roads like Great Howard Street are in line to receive huge amounts of restructuring. Similarly, the creation of a new £55 million cruise liner terminal and the building a new Isle of Man ferry terminal will be vital in bringing in new faces and visitors to Liverpool.
Outside of the city centre, the Anfield area is experiencing some much-needed regeneration. The area famous for housing Liverpool Football Club’s stadium is the recipient of £260 million of work. The creation of 1,000 new homes, a hotel and the implementation of a brand-new high street will transform this neglected area into a place worth visiting and spending money in.
The transformative effects of regeneration across Liverpool are legion, and the cumulative result of all of this work trickles down into the city’s property market. Regeneration means a bigger population and workforce, and that translates into the desire to want to live in high-end, luxury accommodation.
Leading property firms such as RW Invest are finding that their top of the range properties in Liverpool are the focus of constant attention from buy to let investors. They understand that Liverpool’s constant, strong growth is a boon for the property industry. The influx of young professionals, all with money to spend and ambitious plans, will see Liverpool buy to let property as an unmissable opportunity. For investors, the timing couldn’t be more perfect.