LIVERPOOL MANCHESTER STUDENT ALL PROPERTIES

In 2016/17, more than 15.6 million people used Liverpool Lime Street to travel in and out of the city of Liverpool. Not even counting the vast number of passengers stopping at Lime Street for interchanges, the city’s largest Liverpool train station closed in June 2018 to undergo the final phase of a comprehensive upgrade, and it’s set to complete in just a few weeks’ time.

The inefficiency of rail networks throughout the UK has been relentlessly plastered across its bulletins, but it is about time some positive news is brought to light in the form of this immense rail regeneration project in the heart of Liverpool. Boasting an already established network of trains running directly to major UK cities including Leeds, Manchester, Birmingham and London – where the journey time is just over two hours – commuters can arrive at their destination in record time.

Lime Street Regeneration

Lime Street’s location in Liverpool, which is conveniently located in a central position within the UK, makes it a midway hub for many commuters up and down the country. Some of the population travel far distances to work every day and require reliable services in order to arrive at the office on time. The station is integral to welcoming these working professionals alongside a student population of around 50,000 and roughly 62 million tourists into the city every year, who are all important groups in fuelling Liverpool’s economic growth.

Officially opening in 1836, the station is experiencing its largest upgrade since the 19th century in 1849. The iconic chateau-style building makes Lime Street more than just a station, but a landmark for Liverpool city centre. However, it is the more intricate works ongoing inside the station that are helping to dramatically change the shape of transport in Liverpool. After the first phase being completed in 2017, the second, final and most significant phase is underway and the train station is due to reopen on 29th July 2018 after an eight-week closure period.

Specialist equipment upgrades plus two new platforms are amongst the new works in a £340 million transformation announced by Network Rail. As the owner of most rail networks across the UK, they have worked alongside train operators and Liverpool City Region for the past two years to ensure connectivity remains at an optimum level in the city of Liverpool.

Remodelled platforms will be safer, straighter and extended to fit longer trains which can accommodate more passengers. The trains will also be faster due to sophisticated track enhancements and improvements to the existing signalling system, and customers can also expect more regular services with an extra three trains every hour running on most services. More direct connections will become available so that passengers can endure a single journey instead of having to change trains to travel to the likes of Scotland.

These comprehensive redevelopments at Liverpool Lime Street have arrived in perfect timing with the number of commuters travelling during peak hours forecast to double by 2043. The famous Liverpool train station will be well prepared for the influx in passengers thanks to the scheme which will also factor in regeneration at Halton Curve and Maghull North Station as part of a wider Great North Rail Project to be completed by 2019.

Liverpool Lime Street station happens to be in a key and central Liverpool area next to another hot-topic for Liverpool regeneration – Lime Square. Taking inspiration from New York’s Times Square, it’s another instance of ambitious regeneration from the city. Proposed by the Knowledge Quarter to replace the busy junction which currently exists, the public sphere outside of the Adelphi Hotel will become a buzzing, pedestrianised area – only easing access to the nearby station if the plans go ahead.

Liverpool Street View

Liverpool Lime Street’s upgrade is not only great news for passengers but also properties in the local area. Efficient transport links are a must-have for both tenants and investors when searching for new property opportunities, and the most premium portfolios always include developments in close proximity to redeveloped transport hubs to stress the importance of connectivity in relation to the placement of urban accommodation.

As the station approaches completion, both local travellers and passengers from further afield are greatly anticipating this fine specimen of Liverpool regeneration. With connectivity at its heart, the recent developments at Lime Street will change the way the UK think about rail travel and cast a positive light over the city in its entirety.

Written by Laura Howard | 4th July 2018

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