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16/03/2016
Peel Reveals Investment Plans For 'Strategic Waters' Sites
Plans to deliver over 30,000 residential units have been revealed by Peel Land and Property.
The development company said the investment across its 'Strategic Waters' sites could generate £4.5 billion over the next 30 years.
Peel's portfolio is made up of 23,500 units within the Mersey Waters Enterprise Zone (Wirral and Liverpool) and 7,000 new homes in Greater Manchester at MediaCityUK, Trafford Waters and Manchester Waters.
In addition, Glasgow Harbour has gained approval for 1,400 units, while Chatham Waters has outline approval for 1,000 units on the River Medway.
Peel said the programme aims to regenerate and transform former industrial sites on dockland, canal and river banks into sustainable living locations with new infrastructure, public realm and environmental improvements.
Each mixed-use scheme will contain commercial, retail, education and leisure opportunities.
Peel's Director of Residential Development, Neil Baumber, said: "The 'Strategic Waters' sites give us a fantastic portfolio of locations to develop exciting new residential dwellings. This is all about regenerating urban areas, where there is a shortage of housing, into attractive waterfront locations where young professionals, families and key workers can live."
James Whittaker, Peel Land and Property Group Development Director, added: "From the start of the recession in 2008 Peel have been undeterred in its investment of our 'Strategic Waters' sites, securing planning permission in readiness for the return of the residential market.
"Now with financial institutions focused on investing in this sector it will enable Peel to fast track the development programme on our consented residential and mixed used sites."
[Pictured: Glasgow Harbour, Glasgow.]
(LM/MH)
The development company said the investment across its 'Strategic Waters' sites could generate £4.5 billion over the next 30 years.
Peel's portfolio is made up of 23,500 units within the Mersey Waters Enterprise Zone (Wirral and Liverpool) and 7,000 new homes in Greater Manchester at MediaCityUK, Trafford Waters and Manchester Waters.
In addition, Glasgow Harbour has gained approval for 1,400 units, while Chatham Waters has outline approval for 1,000 units on the River Medway.
Peel said the programme aims to regenerate and transform former industrial sites on dockland, canal and river banks into sustainable living locations with new infrastructure, public realm and environmental improvements.
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Each mixed-use scheme will contain commercial, retail, education and leisure opportunities.
Peel's Director of Residential Development, Neil Baumber, said: "The 'Strategic Waters' sites give us a fantastic portfolio of locations to develop exciting new residential dwellings. This is all about regenerating urban areas, where there is a shortage of housing, into attractive waterfront locations where young professionals, families and key workers can live."
James Whittaker, Peel Land and Property Group Development Director, added: "From the start of the recession in 2008 Peel have been undeterred in its investment of our 'Strategic Waters' sites, securing planning permission in readiness for the return of the residential market.
"Now with financial institutions focused on investing in this sector it will enable Peel to fast track the development programme on our consented residential and mixed used sites."
[Pictured: Glasgow Harbour, Glasgow.]
(LM/MH)
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