Global property developer Romal Capital has reinforced its commitment to Liverpool’s Central Docks by committing £100m to transform the derelict brownfield area to realise their vision of Sydney in Liverpool’s city centre.
In their planning application to Liverpool City Council, Romal Capital will progress the work they completed on Quay Central & Park Central having built 237 residential apartments and commercial tenancies, delivered last year.
The new £100m scheme includes 330 sustainable, ‘smart’ homes, retail space, other amenities and public realm, as well as investment in the surrounding infrastructure to help regenerate the waterfront.
The project would also include a vitally important pedestrian link in the development of this dockside area, from the Three Graces landmark and Princes Dock to the proposed site of the Everton FC stadium at Bramley-Moore Dock.
Greg Malouf, CEO of Romal Capital commented: “We are very excited about this scheme and it’s potential to transform this barren brownfield land into a thriving new waterfront neighbourhood. The combination of new smart homes, carefully selected retail and leisure outlets, and huge investment in new public realm will deliver a high-quality lifestyle for its residents. It will also ensure much needed world class connectivity, we see as an integral part of the wider Liverpool waters parkland pedestrian flow that is anticipated. We hope this scheme acts as both a major catalyst and benchmark for future development within the area.”