Merseyside Development Update – a mixed picture | Summary

Proposals for the site of the disused former St James station on the edge of Liverpool’s heritage quarter have received £1.5m from the city region authority, which has agreed to acquire land to progress the scheme.

The manufacturer of Liverpool Gin and Lambrini has instructed Savills to market its headquarters in Huyton Business Park, a holding of around 450,000 sq ft on a 28-acre site.

The city council will today unveil a roadmap to drive Liverpool’s economic recovery following a battering from the coronavirus pandemic, focussing on boosting public services to support deprived neighbourhoods.

Manchester’s buoyant residential market has helped to keep the city’s property industry afloat in recent months, while Liverpool has remained broadly resilient, but the latest Covid restrictions are worrying, said consultancy Avison Young.

The telecommunications giant has shelved its pipeline deal to take 80,000 sq ft at Kier and CTP's £200m Pall Mall scheme indefinitely, due to market uncertainty amid the pandemic. 

A development site in South Liverpool, linked to the collapsed Manchester-based minibond fund that left investors owed more than £40m, has been sold for £1.2m as receivers work through the web of affiliated special purpose vehicles to recover money.

Publishing business Reach has paid £15.5m in penalties for missed deadlines to Dubai investor Select Group, its partner in the development of its former base in Old Hall Street.

The telecommunications giant, tipped to take space at Kier Property and CTP’s £200m Pall Mall scheme, has reduced its requirement in the city to 80,000 sq ft, from 100,000 sq ft. 

Hear from Ellandi, Savills, Kampus, CWAC and others as they debate the future of town centres at this special interactive Place North West event with networking, panels and presentations next week.