David Cameron Visits Site of ΓÇ£Once-in-a-lifetimeΓÇ¥ Wirral Waters
The site of Peel Developments ΓÇ£epicΓÇ¥ Wirral Waters scheme, which was approved in November and will create some 5m sq. ft. of prime office space, has been visited by David Cameron ΓÇô providing the Prime Minister with the opportunity to see first-hand this ΓÇ£important regeneration activityΓÇ¥.
Located on the site of the disused Birkenhead Docks, the 30 year long project will see in excess of 500 acres transformed, with the vast quantity of grade ΓÇÿAΓÇÖ office space due to be created being accompanied by 11m sq. ft. of residential apartments, a new marina and landscaped public areas.
“We are very pleased to be able to show the Prime Minister and Lord Heseltine the Wirral Waters site.ΓÇ¥ explained PeelΓÇÖs strategic planning director Peter Nears,
“It is an example of the excellent regeneration activity ongoing in the Liverpool City Region, which is a result of strong partnership working between the public and private sectors through the economy board and LEP.ΓÇ¥
Forming one half of the grand Peel Waters scheme, it is hoped that the Wirral Waters site will be joined by the Liverpool Waters, plans for which are expected to be submitted by the summer of 2010. The Liverpool Waters scheme, which would again provide a mix of office space, residential and retails opportunities, is expected to be bigger than the Wirral Waters project and cost an estimated ┬ú5.5bn.
In order to attract the finance and investment required to make these visionary development a reality, representatives from both the Liverpool City Region and Peel have been hard at work in recent months ΓÇô with a delegation working the World Expo 2010 in Shanghai in an attempt to attract foreign investment for the project and allow it to continue moving forward.
“Big, catalytic occupiers ΓÇô whether cultural, educational or commercial – will now start to get interested with this consent in place.ΓÇ¥ stated PeelΓÇÖs development manager Richard Mawdsley.
ΓÇ£It is a very exciting time for us, also considering the strong interest we have already seen by several potential Chinese investorsΓÇ¥.
Described as a ΓÇ£once-in-a-lifetime- opportunityΓÇ¥, the Wirral Waters scheme is seen as not just a regeneration of the now derelict areas positioned along the Mersey, but part of a city and region wide opportunity to transform the regional economy.
ΓÇ£I am delighted to have welcomed David Cameron to see for himself what a difference this development will make to Wirral.ΓÇ¥ concluded Wirral Council Leader Cllr Jeff Green.
ΓÇ£This is the most important regeneration project in WirralΓÇÖs history and I am extremely pleased that the Prime Minister and Lord Heseltine recognise the significance of what is being achieved here.”
Peel are of course no stranger to undertaking redevelopment projects, with the highly successful Salford Quays scheme in nearby Manchester having already proved a great success. Not only did the site attract the like of the BBC and ITV to its MediaCityUK development, but the office space made available by the Manchester site has continued to attract businesses ΓÇô a trend which they will wish to see replicated in the years to come as the Wirral Waters ΓÇ£visionΓÇ¥ finally begins to take a physical form.