Home » The Baltic Triangle Liverpool – The Place To Be
The Baltic Triangle Liverpool – The Place To Be
The Baltic Triangle has positioned itself as the place to be in Liverpool. Filled with arts venues, bars, restaurants, creative spaces, workplaces and high-end residential apartments, the Baltic district in Liverpool is an area not to be missed.
The Baltic Triangle is an extensive area that stands as a representation of the welcoming, diverse and multi-cultural metropolis that Liverpool is and always has been. This neighbourhood is a living, breathing summation of the progress Liverpool has made, and the incredible growth it has achieved in such a short space of time.
To help you learn more about the Baltic area of Liverpool and what it has meant for the city’s economy and investment prospects, take a look at our detailed guide to Liverpool’s Baltic Triangle.
The Baltic Triangle is a creative community and development area occupying a central location in Liverpool. Surrounded by Liver Street, Park Lane, Parliament Street and Wapping Dock, the Baltic Triangle is located South of the city centre, acting as a gateway for traffic coming in from outlying areas like South Liverpool.
Just a short walk away from the Baltic Triangle you’ll find attractions like Liverpool’s China Town and Liverpool One Shopping Centre – one of the city’s biggest regeneration schemes. The Baltic Triangle also sits next to the RopeWalks district; an area that has received £250 million worth of regeneration. This collection of historical Liverpool streets is much like the Baltic Triangle itself in the way that it combines the old and the new.
A short distance from the Baltic Triangle lies the developments of the Liverpool Arena and Convention Centre, the Exhibition Centre and three hotels constructed since Liverpool’s European Capital of Culture year of 2008. These venues host a range of events such as concerts, major business forums, and annual party-political conferences. The Liverpool Albert Dock is also around a twenty-minute walk away or less, where you can find attractions like the Museum of Liverpool and the Tate Liverpool gallery.
The Baltic Triangle history
It is fitting that the Baltic Triangle should occupy such a key place in the city. The area is the historical heart of Liverpool’s former warehouse and dock trade that once made the city the most crucial link in the worldwide economic chain through the 18th and 19th centuries. The area that constitutes the Baltic Triangle carries with it the weight of its immense history.
The Baltic Triangle’s name is thought to derive from Liverpool’s trading history, when traders from Sweden, Norway and other Baltic areas would pass through Liverpool each year. The area also houses a Scandinavian Church on Park Lane, which was built in the 1860s. The Grade II listed Gustav Adolf Church, or the Scandinavian Seaman’s Church, is one of the most arresting buildings not only in the Baltic Triangle but the whole of the city of Liverpool. The church served the spiritual needs of the large numbers of Scandinavian emigrants, mostly sailors who arrived through Liverpool’s dockyards.
What is the Baltic Triangle famous for?
The Baltic Triangle has become one of Liverpool’s number one tourist destinations and a favourite spot for many of the city’s residents. Years of new business openings and regeneration have transformed the Baltic area into one of the hippest neighbourhoods in both Liverpool and the UK, well-known for its nightlife, wide selection of bars and restaurants, and exciting creative business opportunities.
Nightlife and restaurant scene
The Baltic Triangle is now considered one of the best nightlife spots in the city, home to a number of eclectic bars, restaurants and events spaces hosting regular club nights. Camp and Furnace is one of the Baltic’s first and most well-known venues, followed by unique bars such as the Botanical Gin Gardens, Constellations, and the more recent Baltic Market – a large warehouse space within the Cains Brewery Village, filled with street food stalls from a selection of local independent eateries. In the Cains Brewery Village, you’ll also find venues like Ghetto Golf, the Yellow Submarine Bar, and the Peaky Blinders Bar, all providing an alternative nightlife experience. Other restaurants and eateries include the popular cafe Siren, and the Baltic Social which is known for its ‘punk afternoon tea’ – afternoon tea with a unique twist.
The musical events that the Baltic Triangle’s venues attract are evidence of the area’s power and potential, especially within the Liverpool music venue scene. Liverpool Sound City, the Liverpool International Festival of Psychedelia (otherwise known as Liverpool psych fest) and Threshold Festival are just a smattering of the various happenings that take place in the Baltic Triangle and pull in visitors and media from across the globe.
The wide array of businesses in the Liverpool Baltic Triangle have played a big part in the growing success of the area. The Baltic district of Liverpool is at the forefront of Liverpool’s thriving independent business scene, and this has helped bring a lot of positive publicity to the city as a whole.
The Baltic business quarter is filled with a number of exciting workspaces such as the Baltic Creative and Elevator Studios. Known as a top area for more creative, tech-focused businesses, the Baltic Quarter houses reputable businesses like Milky Tea, a game development and animation studio. Due to the innovative nature of the area, the Baltic Triangle is a popular spot for start-ups, attracting like-minded entrepreneurs keen to launch their own office space in the Baltic Triangle Liverpool and make their mark on the Liverpool business scene.
Why is the Baltic Liverpool good for investments?
Alongside the leisure and business attractions on offer from the Baltic Triangle, the Baltic neighbourhood also has a reputation as a great spot for property investments. The area is gaining attention from overseas investors and UK-natives alike, all of whom have been drawn in by the opportunities on offer. So why is the Liverpool Baltic Triangle such a prime area for property investment?
It is common knowledge that regeneration helps to increase the appeal of a city and contributes to capital growth. Property values are already rising in Liverpool, but thanks to regeneration schemes ongoing throughout the city, property prices are set to grow even further. The regeneration that the Baltic Triangle has seen and is set to experience plays a big part in the potential for capital growth in the area.
The Baltic area of Liverpool has seen extensive regeneration over the years, transforming the district into what it is today. Regeneration first began in January 2012. Since then, around £128 million has been invested in the area with a further £62 million on the horizon. Thanks to this regeneration, the area has become synonymous with economic growth, built, in part, by the community of risk-taking individuals starting businesses, renovating disused warehouses, and helping to make the Baltic Triangle what it is today.
The area has been responsible for the creation of 500 new private-sector jobs with another 10% rise on that figure imminent thanks to current developments. Future projections of almost 800 news jobs will follow in the wake of the Baltic Triangle’s upcoming schemes and developments.
Up to 500,000 square feet of further commercial space is being developed and within the next three or so years, the Baltic Triangle will have trebled its overall area to 170,000 square feet and will be home to even more businesses. The upcoming Ten Streets regeneration project that will transform the northern parts of Liverpool’s docks will grow and clasp hands with the outer reaches of the Baltic Triangle, unifying the city’s most exciting historical and rejuvenated areas.
Over 1,000 new apartments have been completed in the past six years, but it doesn’t stop there. Nearly 500 apartments are currently in development, and over 2,500 more are in the pipeline to complete over the next few years. The Baltic Triangle has also brought supply to the ever-increasing student property demands of the city, with 350 living spaces built, 150 in development and over 400 proposed and awaiting final permission.
One of the more recent announcements includes the proposedregeneration of St James train station. Located below the Baltic Triangle area, St James station has been closed since 1917, but plans are supposedly in the pipeline to reopen the station. If these plans follow through, the introduction of this station will massively help to boost the area even further, improving quality of life for residents, increasing tourism, and encouraging further investment.
In 2017, the Times voted the Baltic area one of the coolest places to live in the UK. It’s no surprise, then, that levels of demand are through the roof. More and more people are seeking rental accommodation in the area, whether it’s those working in the Baltic business quarter or Liverpool city centre, or even just those who want to be a part of the blossoming Baltic community.
Average rents in the postcodes of the Baltic Triangle area of Liverpool reach up to around £843 per month, with tenants prepared to pay large amounts to live in such a coveted location. This has led to some impressive rental yields, demonstrated by off-plan developments in the area such as Parliament Square and One Baltic Square which come with 7 per cent rental yields.
Young professionals are the most common tenant group living in the Baltic area of Liverpool. Here, young professionals have everything they could possibly need. They’re close to an array of fantastic workplaces in and around the Baltic, they have a selection of restaurants, bars and nightlife attractions right on their doorstep, and they can easily commute to other parts of Liverpool or nearby cities by walking to the nearby Liverpool Central station in twenty minutes or less. The possible introduction of a new train station, St James, will only boost demand further, allowing residents to reach Central station more quickly along with providing easy access to suburban parts of Liverpool such as Aigburth, home to Sefton Park and the trendy and bohemian Lark Lane area.
What’s next for the Baltic Triangle?
So, what does the future hold for the Liverpool Baltic area? Liverpool news regularly reports on the Baltic Triangle and the new developments that are expected. Some of the most recent announcements include the opening of a new £2.2 million restaurant within Cains Brewery village, while other headlines have covered reports for a new development ‘masterplan’ endorsed by the city council in 2017. Working with a team of award-winning designers and planners, the council will lead further development for the area with aims to support and encourage further investment into the creative and digital industries, ensure a sustainable neighbourhood within the L1 area, improve connectivity to other parts of the city centre, and revitalise derelict land and buildings.
If you’re an investor that’s enjoyed our guide to the Baltic area and are interested in making a new investment in Liverpool’s Baltic Triangle, be sure to take a look at our current off-plan developments One Baltic Square and Parliament Square. These property developments are based within the Baltic district, surrounded by the many independent shops, restaurants and bars, and are expected to attract a high level of tenant demand from young professionals in the city.
To find out more about these investment opportunities, click our Liverpool property investments page or contact us to speak to one of our property professionals.