A £5.5bn 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 Docks 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 will dramatically transform the historic docklands area of the city.
Alongside the Central Docks neighbourhood will be Princes Dock, Clarence Docks, Northern Docks and King Edward Triangle, 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 £60m cruise liner terminal, a new Isle of Man ferry terminal and £22m of investment into new roads and infrastructure.
Park Central, which is set to be launched on 8th September at an event at the Devonshire Club in London with BuyAssociation, consists of 129 one- and two-bedroom apartments set across 13 storeys. All the units will come fully furnished to a high specification, and the development’s commercial, residential and leisure facilities will form a 24-hour community in the area. Located directly opposite a brand new 12-acre park, Park Central is effectively an island site that will have uninterrupted views of either the parkland or the canal riverway towards the city centre. The development is expected to be completed by Q2 2020.
Caroline Marshall-Roberts, CEO of BuyAssociation, said:
“This is a really exciting project and we’ve already seen a huge amount of interest from investors from all over the UK and internationally.
“Liverpool is such a thriving and vibrant city, and it’s now seen as one of the top places in the country for property investment, with fantastic rental yields and strong house price growth predictions. There’s been huge amounts of investment in Liverpool over the past decade since it was named the European Capital of Culture, which has been amazing for the local economy, and this project is going to bring even more to the local area and really transform the waterfront.”
Darran Lawless, development director at Peel responsible for Liverpool Waters, added:
“This is an exciting time for the Liverpool Waters project, with the construction of a number of developments well underway, and many more due to commence soon. It’s fantastic to see Romal Capital launch their second residential building at Central Docks and we’re confident that Park Central, alongside Romal Capital’s first development, Quay Central, will be a much sought-after address for both local and foreign investors.”
BuyAssociation is a property investment company with more than a decade of experience in identifying and launching real estate investment opportunities from around the world. Working with a community of developers and property experts to help investors grow their property portfolios and maximise their returns, BuyAssociation is exclusively launching the Park Central project with property developers Romal Capital.