The developer, in a joint venture with the Addy Consultancy, has set out plans for a £100m mixed-use scheme after buying a one-acre site off Kings Dock Street.
The site, also bordered by Wapping and Sparling Street, is currently a Sixt Rental Car depot, which is due to relocate to another site in the city.
Following the purchase, the developers are looking to draw up a £100m leisure-led scheme on the site; this is the first time that Nikal, primarily based in Manchester, Lancashire, Birmingham, and London, has acted as a developer in Liverpool.
Elsewhere in the North West, Nikal is acting as development partner for the £300m Blackpool Central station site, where it is working with the council to bring forward a major leisure-led scheme. It is also the developer behind Altair in Altrincham, which is set to get under way this summer after more than a decade of planning.
Nikal co-founder Alan Murphy said: “I’ve waited many years for the opportunity to deliver a development in my home city and now is the perfect time, both for us as a business but also in light of the regeneration underway at King’s Dock and along Liverpool’s waterfront as a whole.
“I’m immensely proud of being born and raised in Liverpool; I love the city, its culture and its people. I’m looking forward to helping contribute to its worldwide appeal with well-designed mixed-use developments that will encourage tourism, generate jobs and create inspiring spaces for people to live and thrive. I’m delighted to be doing this in partnership with Bill and his team.”
Bill Addy, founder of The Addy Consultancy, added: “I’ve known Alan and Nick [Payne, Nikal co-founder] for a long time and have a huge admiration for their approach to high-quality, considered regeneration and placemaking. I’m really pleased that we now have a site that will bring our two businesses together and marry our mutual passion and vision, it will be a fantastic addition to the King’s Dock offering. We are keen to get going on what will hopefully be the first of many.”