Development giant Peel Holdings has confirmed the start date for the construction of the first major residential tower in its £5.5bn Liverpool Water scheme, which is set to dramatically alter the city’s skyline.



The new £65m 40 storey tower will be built at Prince’s Dock to the north of Liverpool city centre and is being led by a joint venture in which Yorkshire-based Caddick Group is involved.



It’s anticipated that more details of the scheme will be unveiled by Peel tomorrow at the MIPIM property show in Cannes.

Before:

After:



The regeneration of the waterfront is expected to cover 60 hectares of Liverpool and will include more huge residential towers, office blocks as well as hotel units providing huge opportunities for construction jobs and further increase the demand for construction supplies in the North West.



The first phase tower will have 325 apartments and will be delivered by Moda Living, Caddick and Generate Land, as a joint venture project which was established to create a rental property portfolio.

The scheme includes ‘sky lounges’ for residents, electric car chargers, fitness and yoga rooms, roof terrace with sun decks and a 24-hour concierge. It also features a stunning rooftop sports area where tennis, basketball and football can be played.



Project management and cost consultant for the project will be undertaken by Turner and Townsend, M&E is Tate Consulting and structural engineering design will be dealt with by Roscoe.



Commenting on the project OBAS CEO Norman Tenray said: “This is a further example of the confidence that’s returning to business in the North West whilst being a key example of the courage and leadership required to drive our economy forward.



“This is the kind of regeneration that this area of Liverpool has been in need of for many years. The project will have a tremendous positive benefit to the construction industry throughout the UK and have a lasting positive legacy for Liverpool and the North West moreover.”