River Mersey waterfront in Liverpool gets £5bn funding boost
A £5bn regeneration scheme which will see the creation of five brand new neighbourhoods right on the River Mersey waterfront in Liverpool is well underway, with the second phase of the Central Dock neighbourhood – Park Central – being launched on 8th September by property investment company BuyAssociation with developers Romal Capital.
The development is part of the ambitious Liverpool Waters regeneration project, which is set within the UNESCO designated World Heritage Site of Liverpool Mercantile City and will dramatically transform the historic docklands area of the city.
Alongside the Central Docks neighbourhood will be Princes Dock, Clarence Dock, Bramley Moore Dock and King Edward Rise, which together will create more than 9,000 new residential apartments, offering residents world-class leisure facilities, as well as restaurants, bars and cafes alongside a cultural hub and retail spaces that will bring the area back to life.
The 60-hectare scheme will also include 315,000 sq.m of business space and 53,000 sq.m of hotel and conference facilities, as well as a new £55m cruise liner terminal, a £25m ferry terminal and £19m of investment into new roads and infrastructure.
