UK
Ireland
Scotland
London
Construction News
18/05/2018
Plans Unveiled To Expand Liverpool's Business District
Plans have been unveiled to expand Liverpool's business district.
Next week, the council will discuss a report recommending the creation of a draft Spatial Regeneration Framework (SRF) that would seek to develop the 40-acre district and potentially connect it to the development of Princes Dock in the £5.5 billion Liverpool Waters scheme.
The SRF will give the council's planning authority the ability to determine future development use to meet demand and enable Liverpool to compete with other core cities.
In 2016, the district saw office take-up up rise by 16% at 396,436 sq ft – the highest take-up since 2009 – but vacant office stock continues to fall and now stands at 958,083 sq ft with only 330,438 sq ft ready to occupy.
To address the issue, the city council is seeking to support a £200m plan to develop a scheme in Pall Mall, with Kier Property and CTP, that will provide 400,000 sq ft of new Grade A office space which could could deliver up to 2,500 new jobs. Other plans are in place to develop £100m in new road infrastructure at the northern fringe of the district, while a planning application has recently been submitted to create a new cruise terminal at Princes Dock.
Mayor of Liverpool Joe Anderson said: "Liverpool's business district is a major engine in the city's economy and its future growth needs to be proactively managed to maximise its potential and further underpin the development of Liverpool Waters.
"The supply of Grade A office space is critical to any successful city centre which is why we are supporting the Pall Mall development but to stimulate demand and provide more supply, which will in turn create much needed jobs in the professional sector, we need a long term vision which this Spatial Regeneration Framework will underpin.
"The fact is the city centre has boomed in the past decade in its appeal for shoppers, tourists and those wanting to live in a great city centre and the competing needs of a growing population and visitor economy now needs to be addressed to ensure the district remains a dynamic and vital cog in our commercial economy for the next 20 years."
Following cabinet approval it is envisaged that a brief is put to the market in the summer with consultation to follow in the autumn, before a final SRF is submitted in early 2019.
(LM/MH)
Next week, the council will discuss a report recommending the creation of a draft Spatial Regeneration Framework (SRF) that would seek to develop the 40-acre district and potentially connect it to the development of Princes Dock in the £5.5 billion Liverpool Waters scheme.
The SRF will give the council's planning authority the ability to determine future development use to meet demand and enable Liverpool to compete with other core cities.
In 2016, the district saw office take-up up rise by 16% at 396,436 sq ft – the highest take-up since 2009 – but vacant office stock continues to fall and now stands at 958,083 sq ft with only 330,438 sq ft ready to occupy.
To address the issue, the city council is seeking to support a £200m plan to develop a scheme in Pall Mall, with Kier Property and CTP, that will provide 400,000 sq ft of new Grade A office space which could could deliver up to 2,500 new jobs. Other plans are in place to develop £100m in new road infrastructure at the northern fringe of the district, while a planning application has recently been submitted to create a new cruise terminal at Princes Dock.
-- Advertisement --
Mayor of Liverpool Joe Anderson said: "Liverpool's business district is a major engine in the city's economy and its future growth needs to be proactively managed to maximise its potential and further underpin the development of Liverpool Waters.
"The supply of Grade A office space is critical to any successful city centre which is why we are supporting the Pall Mall development but to stimulate demand and provide more supply, which will in turn create much needed jobs in the professional sector, we need a long term vision which this Spatial Regeneration Framework will underpin.
"The fact is the city centre has boomed in the past decade in its appeal for shoppers, tourists and those wanting to live in a great city centre and the competing needs of a growing population and visitor economy now needs to be addressed to ensure the district remains a dynamic and vital cog in our commercial economy for the next 20 years."
Following cabinet approval it is envisaged that a brief is put to the market in the summer with consultation to follow in the autumn, before a final SRF is submitted in early 2019.
(LM/MH)
Latest Construction News
17/01/2025
Leeds Trinity University has officially opened its newly refurbished City Campus at 1 Trevelyan Square in Leeds.
Completed by GRAHAM Interior Fit-Out, the transformation of the central Leeds site introduces state-of-the-art facilities designed to improve learning and collaborate with industry partn
17/01/2025
Trammell Crow Company (TCC) has secured planning permission for a Grade A logistics scheme in Heywood, Greater Manchester, following a successful planning appeal.
The development will feature two state-of-the-art industrial and logistics buildings. One building will house two units measuring 4,796
17/01/2025
Poole-based developer AJC Group has celebrated a record-breaking 2024, delivering 100 affordable homes, a significant increase from the 72 units completed in the previous year.
Since 2023, AJC Group has completed and handed over 172 affordable homes across five sites.
In 2024 alone, the developer
17/01/2025
Plans for one of the most ambitious parks projects in London have taken a significant step forward, with Haringey Council securing nearly two additional acres of land around The Paddock nature reserve in Tottenham Hale.
The agreement with Thames Water marks a major milestone in the transformation o
17/01/2025
Islington Council has unveiled two draft guidance documents aimed at helping residents, businesses, and developers combat climate change by making buildings more energy efficient and fostering a greener, healthier borough.
The consultation seeks feedback on the draft Climate Action Supplementary Pl
17/01/2025
The City of Wolverhampton Council has unveiled a £98 million investment plan over the next five years to develop around 500 new homes across the city.
The proposal, part of the Housing Revenue Account (HRA) Business Plan, received Cabinet approval this week and now moves to Full Council for final
17/01/2025
Croydon Council has announced a significant milestone in the redevelopment of the Purley Pool site, with revised proposals submitted for a new leisure centre, later living housing, and the regeneration of the surrounding area.
A planning application for the site was initially submitted in 2024, pro
17/01/2025
The City of Wolverhampton Council has announced that demolition work has commenced on the New Park Village estate, marking the start of a major £40 million redevelopment project to transform outdated council housing.
Contractor DSM Demolition has begun pulling down poor-quality bungalows on Valley
17/01/2025
Hillingdon Council has acquired 12 new homes at Carpenters Court in Uxbridge.
Leader of Hillingdon Council, Cllr Ian Edwards and Cllr Steve Tuckwell, Cabinet Member for Planning, Housing and Growth, visited the site to officially mark the handover of the properties from local developer Kearns Devel
17/01/2025
Organisers of UK Construction Week (UKCW) have announced another major coup for the show's 10th anniversary year, with the news that UKCW London will be co-locating with the 14th edition of The Stone Show & Hard Surfaces, the principal industry event for surface design.
Established 26 years ago, th
