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Liverpool Development Update

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Liverpool Development Update LIVERPOOL DEVELOPMENT UPDATE November 2016 Welcome Welcome to the latest edition of Liverpool Development Update. When I became Mayor of the city in 2012, I said that Liverpool’s best days were ahead of it. If you consider the levels of investment being seen across the city today in 2016, my prediction is now ringing true. Since the start of 2012, we have seen over £3.8 billion worth of investment which has brought new businesses, new homes, new schools, and new and improved community and health facilities to Liverpool. We have seen the creation of nearly 15,000 job spaces, many of which will be filled with new jobs to the city. We have also created thousands more construction jobs. There is more good news. Several major new schemes are now in delivery mode. I am pleased to see rapid progress on Derwent’s Liverpool Shopping Park at Edge Lane, whilst Project Jennifer is now well underway with construction about to commence on its new Sainsburys and B&M stores. In addition, Neptune Developments have started work on the Lime Street Gateway project, and I can also report that work is underway on the first phase of the Welsh Streets scheme that will now see many of the traditional terraces converted to larger family homes. Meanwhile, some of the new schemes have started under the Strategic Housing Delivery Partnership which will build a further 1,500 new homes and refurbish another 1,000 existing ones. Plans for new schemes continue to be announced. The Knowledge Quarter is to be expanded with a new £1billion campus specialising in FRONT COVER: research establishments, whilst we are now also seeking to expand the Commercial Office District with new Grade A office space at Pall Mall which this city so vitally needs. 1 With over 250 major new projects planned, there is now a total of over £10.5 billion worth of schemes either with or seeking planning approval, 2 3 or at early stages of project development which could be delivered 1. COMPLETED: ANFIELD FOOTBALL over the coming years. STADIUM EXPANSION © Adrian Lambert This document lists many of the schemes recently completed, those on 2. COMPLETED: MARWOOD TOWER, site and those proposed. I hope this information is useful to you. EVERTON 3. ON SITE: LIVERPOOL SHOPPING Joe Anderson, OBE Mayor of Liverpool PARK, EDGE LANE Contents Development Overview – Citywide 1 Development Overview: City Centre 2 City Centre: Offices 3 City Centre: Retail 4 City Centre: Leisure & Culture 5 City Centre: Hotels 6 City Centre: Knowledge Quarter 7 City Centre: Residential 8 City Centre Development Schedule 9 Development Overview: Outside the City Centre 21 Neighbourhoods: Industry & Warehousing 23 Neighbourhoods: Retail & Leisure 24 Neighbourhoods: Schools 25 Neighbourhoods: Health 26 Neighbourhoods: Residential 27 North Liverpool Mayoral Development Zone 29 Stonebridge Cross Mayoral Development Zone 33 Central Liverpool Mayoral Development Zone 35 South Liverpool Mayoral Development Zone 37 Development Overview: City-wide CITY-WIDE DEVELOPMENT ACTIVITY OVERVIEW: KEY FACTS AT A GLANCE: • Value of major schemes completed in the whole City of Liverpool since January 2012: £3.75 billion • Value of major schemes completed in Liverpool since January 2016: £663 million THE £44 MILLION MERSEYSIDE POLICE OPERATIONAL COMMAND CENTRE IN • Number of potential new/safeguarded FTE SPEKE IS ONE OF SEVERAL PUBLIC SECTOR INFRASTRUCTURE SCHEMES ON SITE. MERSEYSIDE POLICE RECENTLY ANNOUNCED THE PROPOSED RELOCATION OF equivalent job spaces created by city- THEIR HEADQUARTERS ON THE STRAND TO A NEW SITE IN EVERTON AT A COST wide developments completed since OF AN ADDITIONAL £45 MILLION. January 2016: 3,371 SIGNIFICANT GROWTH IN RESIDENTIAL, • Actual construction value of major schemes currently on site city-wide: £1.29 EDUCATION AND PUBLIC SECTOR billion. INFRASTRUCTURE SECTORS DURING 2016 • Number of potential new/safeguarded FTE Construction activity across Liverpool has continued to job spaces that will be created by new grow year on year since 2010. The value of schemes developments that are currently on site: predicted to complete by the end of 2016 will reach 3,981 £1.08 billion, just topping 2015’s £1.04 billion. At present the city has some £1.28 billion worth of development Breakdown of development values by activity on site, with some £509 million of this taking activity currently on site, Liverpool city-wide place outside of the City Centre. as at October 2016 (£m) With the rebuilding of the Royal Liverpool Hospital now into its 10 fourth quarter and only around £70 million of its £335 million still to complete, the health sector share of all development 31 activity city-wide has dropped back and been eclipsed by the 198 135 education sector where the £100 million new campus for Liverpool John Moore’s University has joined the £68 million 80 Materials Innovation Factory and the £23 million rebuild of St Julie’s Catholic School on site. The retailing sector has also seen a significant boost with the proper start of construction at Liverpool Shopping Park on Edge Lane joining the £60 million refurbishment/expansion of 200 Speke’s New Mersey Shopping Park. Project Jennifer is following as construction is about to commence on its new 495 Sainsbury’s and B&M stores. 42 Investment in public sector infrastructure projects, in particular highways, has also grown this last year. The City Council is 68 27 currently investing over £50 million in highway reconstruction INDUSTRIAL and resurfacing projects such as along Atlantic Avenue and OFFICES East Lancs Road corridors – major approach roads into the city. These works follow on the heels of a similar resurfacing of RETAIL/DISTRICT CENTRES Smithdown Lane completed at the end of the summer. HEALTH CENTRES & HOSPITALS Compared to this time last year, the volume of home-building EDUCATION (SCHOOLS, COLLEGES, UNIVERSITIES) across the city has almost doubled the value seen at the end HOTELS of 2015. Not only has the number of homes built and to be built under the Mayor’s Housing Delivery Programme OTHER MAJOR LEISURE ATTRACTIONS exceeded the original target of 5,000 by 50%, the private PUBLIC SECTOR INC INFRASTRUCTURE sector is also rising to the challenge with considerably more HOUSING (NON-STUDENT) schemes commencing and coming forward for approval. STUDENT ACCOMMODATION 1 Development Overview: City Centre CITY CENTRE DEVELOPMENT ACTIVITY OVERVIEW: KEY FACTS AT A GLANCE: Value of major schemes completed in the City Centre since January 2012: £1.64 billion Number of potential new FTE jobs created or safeguarded in the City Centre by developments THE £39 MILLION LIME STREET GATEWAY PROJECT COMMENCED ON SITE IN completed since January 2012 AUTUMN 2016. DUE TO COMPLETE IN SUMMER 2018, IT WILL INCLUDE GROUND FLOOR COMMERCIAL, RETAIL AND LEISURE USES, A 90 BEDROOM HOTEL AND (when let and filled to capacity): STUDENT ACCOMMODATION. 9,651 Value of major schemes completed CITY CENTRE WELCOMES THE START OF in the City Centre since January 2016: MUCH ANTICIPATED SCHEMES £279 million Liverpool City Centre is continuing to see a surge of investment activity post-recession, with 2016 currently looking to match or Number of potential new FTE jobs exceed 2015’s performance. created or safeguarded in the City Centre by developments Several much anticipated major developments have started on site since January, including Lime Street Gateway (£39 million), completed since January 2016 the LJMU campus extension (£100 million), One Wolstenholme (when let and filled to capacity): Square (£40 million), Liverpool Life Sciences Centre (£25 million) 1,767 and the Sensor City Incubator (£15million) amongst many. The City Centre residential sector is growing again, with the Actual construction value of major number of non-student apartments on site rising whilst the number schemes currently on site across the of student units on site has fallen compared to the previous two City Centre: £822 million. years. In the meantime, new developments are coming forward including exciting plans for expanding the Knowledge Quarter, and more recently, the announcement that the City Council will be seeking a development partner to begin expanding the (873) Commercial Office District with new Grade A offices which the 733 city so clearly needs. (656) 185 600 (522) 275 550 164 500 503 484 471 451 400 358 300 333 310 312 287 270 £ millions 235 200 232 223 233 200 140 100 100 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Major Development Schemes in Liverpool City Centre since 2006 COMPLETED SCHEME VALUES LIVERPOOL ONE COMPLETED SCHEME VALUES EXPECTED COMPLETION YEAR AND VALUES OF SCHEMES CURRENTLY ON SITE EXPECTED COMPLETION YEAR AND VALUES OF UNSTARTED SCHEMES AS SUGGESTED BY DEVELOPERS 2 City Centre: Offices 2016 has seen over 250,000 square feet of new or refurbished office floorspace completed, creating space for over 1,400 jobs. Almost half of Merepark’s 75,000 sq ft “The Department” completed inside the former Lewis’s Building in February 2016 was taken by NHS Liverpool Clinical Commissioning Group, whilst the 74,000 sq ft Watson Building closely followed it. Atlantic Container Lines moved into their 62,000 sq ft building erected in Duke Street. Refurbishment schemes in existing buildings are also continuing. Some 21,500 square feet was completed by September 2016 at The Exchange on Tithebarn Street, whilst 5,000 sq ft was THE £16.5 MILLION WATSON BUILDING ON RENSHAW STREET COMPLETED completed at 22 Jordan Street by Baltic Creative IN FEBRUARY 2016, BRINGING 74,000 SQ FT OF OFFICE SPACE. IT SITS CIC. Meanwhile, previously refurbished space is NEXT TO THE £10 MILLION, 75.000 SQ FT “THE DEPARTMENT” COMPLETED AT THE SAME TIME. continuing to attract new tenants. During the first half of 2016, Interserve moved into 17,234 sq ft at Cunard Building, Mott MacDonald took 11,431 sq ft at Royal Liver Building, and Seadrill took 11,000 square feet at Mann Island amongst some of the larger and medium sized transactions.
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