What Could Liverpool Central Regeneration Mean for Property Investment?

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Regeneration Set to Breathe New Life into Prominent Liverpool Hub

The Liverpool City Region Combined Authority seeks a strategic partner to develop a regeneration strategy for the area around one of the country’s busiest rail hubs, Liverpool Central.

With ongoing regeneration in the area, property investors may look to the surrounding streets for investment opportunities, attracted by the convenient location in the heart of Liverpool’s city centre.

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What Are the Plans for the Area Around Liverpool Central Station?

According to tender documents, there’s an opportunity to create an enhanced gateway to Liverpool city centre within the land and buildings bounded by Renshaw Street, Bold Street, and Ranelagh Street.

These streets serve as one of Liverpool’s most popular shopping areas, with plenty of cafes, bars and independent stores, not to mention their proximity to Liverpool One and the Waterfront.

A £1m contract is available to draw up a vision for the area’s redevelopment and address network capacity issues around the station. The deadline for submissions is 18 April.

The tender documents describe this opportunity as a “once-in-a-generation” chance to redefine the Liverpool Central area and achieve “transformational place-based regeneration.”

At MIPIM 2024, Liverpool’s primary focus was Paddington Village, its £160m life sciences investment zone. Liam Robinson from the city council acknowledged the importance of this investment zone but emphasised the ongoing attention to the city centre.

Progress on a regeneration strategy for Liverpool Central reflects this commitment.

The project’s main objectives are to improve the city centre’s gateway and strengthen connections between the core and surrounding areas such as the Knowledge Quarter, Baltic Triangle, and Fabric District.

A contract for the Liverpool Central project is set to be awarded in May. More detailed regeneration proposals are expected next year as plans are developed further.

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What Other Regen Plans Are Taking Place in the Area?

If you venture in any direction away from Liverpool Central, you will likely find an ambitious development looking to transform the city centre. Apartment blocks, in particular, are changing the face of the surrounding residential scene.

For instance, just down the road, you can find The Mercantile on Duke Street, a collection of redeveloped luxury apartments boasting private terraces with jacuzzis in one of Liverpool’s most advantageous locations. For more information, head over to mercantileliverpool.co.uk.

Investors can also see the site of the ambitious Heaps Mill project — a collection of five apartment buildings utilising a historic mill and bridging the space between the city centre, Albert Docks and the Baltic Triangle.

Liverpool’s city centre has attracted plenty of interest due to the success of regeneration plans in the Knowledge Quarter and Baltic Triangle. The latter has been named one of the coolest neighbourhoods in the world and now attracts property investors seeking new builds in Liverpool, tenants looking to be close to the thriving nightlife, and start-ups looking to set up business in Liverpool.

With Liverpool Central set to undergo a regenerative makeup, we may see the Liverpool economy improve further in the coming years.

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Author

Dale Barham

Dale is a property content writer at RWinvest. Keeping a close eye on the UK property market, Dale helps our readers stay informed and up to date on the latest market news and statistics.