Peel exchanges contracts on £90m Wirral Waters One
Peel L&P has finalised a deal with the Legacy Foundation and Wirral Council to build 500 homes at Wirral Waters.
The scheme at Wirral Waters One features 500 one and two-bed apartments, dock-edge walkways, gardens, and terraces, along with pedestrian and cycleway connections. Designed by Glenn Howells Architects, the project also features 100 affordable homes.
Funded by Aviva, Wirral Waters One received reserved matters planning consent late last year and the three parties have now exchanged contracts to allow the scheme to go ahead.
Under the agreement with Wirral Council put forward when planning consent was secured, Peel will be responsible for the management of the homes for the first 10 years; for the following 40 years, the commercial risks will be transferred to the council and the council will also be responsible for letting and managing the apartments.
Richard Mawdsley, director of development for Wirral Waters at Peel L&P, said: “This exchange of contracts follows on from the planning approval which was granted by Wirral Council back in December. It’s a significant step forward and another hurdle overcome for this ground-breaking residential scheme.
“We are acutely aware of the demand for local housing and are keen to get this build underway as soon as possible. We anticipate remediation work starting on site in the autumn and hope to have the build itself underway shortly thereafter.”
Cllr Pat Hackett, leader of Wirral Council, said: “This is a fantastic result, for many different reasons. It kick-starts development at Wirral Waters, helping to transform Birkenhead’s dockland and attracting new businesses and visitors to the area. It also provides the homes people desperately need, on a key brownfield site, limiting any potential need to release Green Belt for development.”
The Legacy Foundation was founded in 2016 by footballers Rio Ferdinand, Mark Noble, and Bobby Zamora; Wirral Waters One is its first venture in the North West. A spokesperson for Legacy said: “We are very excited to bring Legacy to Wirral. We are very proud of the 100 affordable homes being brought to this high-quality scheme whilst also supporting the local community with a Legacy grant for sports and education in the local area.
“We have brought the Council, the landowner and Aviva to the table and have worked tirelessly to get this over the line. We look forward to working with other Councils on similar projects.”
The 30-year Wirral Waters regeneration project aims to rejuvenate the inner Wirral and create up to 20,000 new jobs and 14,000 new homes.
Last month, Urban Splash and Peel L&P submitted plans for the first modular homes at the site under a wider 347-home joint venture.