Following the decision made by Liverpool City Council to undertake a new procurement exercise for the selection of a development partner for the Festival Garden Project, the Council and Ion Property Developments Limited have reached a mutually acceptable agreement that recognises Ion’s previous contribution to the development of the Project.
The decision to undertake a new procurement is in no way a reflection on ION’s competency or ability to deliver but has been driven by the constraints of the land sale method that both parties, in good faith, pursued together.
The Council has recently gone out to market to seek a developer for this prime waterfront scheme, which has the backing of Homes England and Liverpool City Region Combined Authority and has already involved a massive remediation programme and the creation of Liverpool’s first public park of the century.
Liverpool City Council would like to thank Ion for all their work and wishes them well in their future endeavours.