Liverpool City Council is to buy more than 55,000 sq metres of prime waterfront
land at Kings Dock from Homes England for £1.
report to the council’s Cabinet tomorrow (Friday, 27 September) seeks approval
to acquire the freehold interest for a nominal sum, to help trigger a new
multi-million redevelopment programme.
purchase follows the endorsement of a 2017 Masterplan and Planning Brief for
the remaining development plots on Kings Dock to be transformed into a vibrant
leisure-based mixed-use destination.
approved the council will then seek expressions of interest from developers and
already holds the majority of the Kings Dock estate
under three 999 year leases, incorporating venues such as M&S Bank Arena,
the Convention Centre, Exhibition Centre Liverpool and Pullman Hotel as well as
several plots of vacant land, including the former waterfront car park which
was demolished following a fire on New Year’s Eve two years ago.*
of the freehold is part of the council’s strategy for the continuing
renaissance of the city’s iconic
waterfront. It is estimated that
the ACC Liverpool complex has generated a £1.6bn economic impact for the city
since its creation in 2008 – and close to £200m in the last year alone.
Alongside Kings Dock, Liverpool’s waterfront is subject to several transformational projects including the redevelopment of Festival Gardens along the south of the Mersey shoreline, a new Cruise Liner Terminal, the 10 Streets Creativity District, the £5bn Liverpool Waters scheme and potentially a new football stadium for Everton Football Club in the north at Bramley Moore Dock.
* A new £30 million multi-storey car park is currently under construction at Kings Dock. Built by contractors Willmott Dixon the 1,434 space car park, to be operated by the council, is scheduled to open in Summer 2020.
of Liverpool Joe Anderson, said: “The transformation of the Kings Dock from a car park to a
major tourist and leisure attraction has been one of our great success stories
and has helped to fuel the Liverpool Powerhouse.
iconic waterfront demands a world class offer and we have a masterplan to
ensure that continues to happen at Kings Dock – so we continue to attract the
biggest names in entertainment, the biggest brands in the conference sector and
millions of tourists from around the world supporting thousands of jobs.
transaction for £1 ensures the future direction of the site and our intention
is to market the sites as soon as possible by seeking expressions of interest
this autumn.“Liverpool’s waterfront has
blossomed over the past decade but we are not finished yet – the next phase of
development at Kings Dock will arguably be more transformational than what we
have already achieved. Its growth will also help
further cement the city’s growing global reputation as a great city for investment,
leisure and to visit, work and live in.”