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Peel Land and Property Limited

New Ferry Terminal for Isle of Man

The contract for the new £7.6 million waterfront link road for a new Isle of Man Ferry Terminal in Liverpool is yet to be awarded. The scheme will provide access from Waterloo Road to the £30 million facility in Princes Half Tide Dock, located within Peel Land and Property Limited’s

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BDC 318 : Jul 2024

Peel Land and Property Limited

Plans submitted for third residential development at Peel L&P’s Trafford Waters

Plans submitted for third residential development at Peel L&P’s Trafford Waters

A planning application has been submitted this week by X1 Developments and Peel L&P to create 208 “open market” new homes as part of the latest phase of residential development at Peel L&P’s Trafford Waters site in TraffordCity. The proposals being considered will include a mix of one, two and three-bedroom apartments across two buildings, which will also include a first-floor residents roof garden. A range of public greenspaces, including a new waterside park are being created by Peel L&P as part of the wider Trafford Waters development and these new proposed homes will embrace the natural and sustainable surroundings as well as featuring their own large residential roof terrace garden overlooking the wider TraffordCity.  The submission by X1 Developments  and Peel L&P follows a flurry of good news for Trafford Waters, with planning being recently approved for Montpelier Estates’ innovatively designed homes for elderly living with on-site specialist facilities and amenities for people in need of dementia care; in addition to planning approval for L&Q’s (formerly Trafford Housing Trust) affordable homes scheme which received the go-ahead to create 83 one and two-bedroom homes, which has now started on site. The new residential proposals represent the first wave of homes being brought forward as part of Peel L&P’s wider Trafford Waters development, a scheme that will create 3,000 new homes, over 100,000 sq ft of amenity space and 850,000 sq ft of offices in the area. The development is estimated to create over 5,000 jobs and will include a new primary school plus 20 acres of open spaces for residents, employees and visitors to live, work and enjoy. James Whittaker, Executive Director of Development at Peel L&P said: “Trafford Waters is all about creating a community for everyone. “With L&Q’s affordable homes scheme commencing on site and Montpelier Estates recently receiving planning permission for their elderly living scheme; X1 Developments’ plans will complement our approved schemes whilst creating another offering for our community, making Trafford Waters even more inclusive. “We have a strong and trusted partnership with X1 Developments and we hope that Trafford Council will see how much benefit these plans will bring to the area by not only creating much needed housing but also supporting local job creation, apprenticeships and delivering a vibrant, sustainable, mixed tenure community in TraffordCity.” Nick Sweeney, Founder of X1 Developments added: “X1 are delighted to be partnering with Peel L&P to submit this planning application to bring new ‘open market’ housing to Trafford Waters. “Having successfully worked with Peel L&P on other waterside developments and X1’s track record for delivery, our proposed high-quality residential offering will complement the other homes being developed on site within the emerging Trafford Waters neighbourhood.” Trafford Waters is one of Peel L&P’s seven waterfront regeneration schemes across England and Scotland within the Peel Waters portfolio which will create 30,000 homes, 10 million sq. ft of commercial space and circa 160 acres of public realm over the next 20 to 25 years. Building, Design & Construction Magazine | The Choice of Industry Professionals 

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GROUND-BREAKING FOR 500 NEW HOMES IN THE UK’S LARGEST URBAN REGENERATION PROJECT

Peel L&P and Pension Insurance Corporation plc (‘PIC’) are pleased to announce the commencement of construction of Miller’s Quay, the cornerstone investment in what will become the largest regeneration project in the UK, creating up to 20,000 permanent jobs. Miller’s Quay is a 500 one-and two-bedroom residential scheme which will continue the delivery momentum at Peel L&P’s Wirral Waters, a 500-acre brownfield site and former dockland. Wirral Waters is supported by central Government as a key part of its levelling up strategy. The £130 million Miller’s Quay development has been made possible through a special partnership between highly experienced developer and regeneration business, Peel L&P, Wirral Metropolitan Borough Council (‘WMBC’) and long-term investor, PIC, who are Peel L&P’s funding partner. Construction company Graham is the contractor for the scheme. The commencement of construction was marked by a ground-breaking ceremony on 11 July with Rob Groves, PIC’s Chief Investment Officer and Hayley Rees, Managing Director of PIC Capital; James Whittaker, Peel L&P’s Executive Director for Development; Steve Rotheram, Metro Mayor of the Liverpool City Region; and Councillor Jeff Green, The Mayor of Wirral. Hayley Rees, Managing Director of PIC Capital, said: “The development of Miller’s Quay is a model for how long-term investors can play a key role in the levelling up agenda and create considerable social value. The site will provide much needed housing for the Wirral and offers secure long-term cashflows to back the pensions of our 300,000 policyholders, some of whom live in the region. We hope that the regeneration lease structure used to finance Miller’s Quay can be adapted across a range of sectors and projects for other local authorities, as well as housing associations, universities, NHS trusts and other organisations looking to unlock funding for regeneration schemes around the country.” James Whittaker, Executive Director of Development at Peel L&P, said: “This is a truly landmark moment for Wirral Waters with construction on this much anticipated residential scheme now starting. Miller’s Quay is a major scale, catalytic and highly sustainable residential development that we consider to be a great example of brownfield regeneration. This project will pave the way for a number of waterside residential schemes in the new Northbank neighbourhood and it will also deliver considerable social value through comprehensive engagement with both Wirral Met College’s Construction Campus and local supply chains.” Sue Higginson, CEO of Wirral Met College, said: “We are excited about the opportunities that this development offers and look forward to working with Peel and Graham to equip our students with the skills, knowledge and behaviours they will need to succeed through on-site experience, learning seminars, and apprenticeships.” Jonathan Hall, Regional Managing Director (Building South) at GRAHAM commented: “Graham are delighted to add this prestigious residential project to the secured pipeline of work in our Liverpool Region. We are very excited to get started on this significant and much anticipated development that will deliver top quality new homes locally. Performing such a key role on one of the UK’s largest regeneration projects is a huge boost for us and will enhance our residential portfolio, a sector for which we are known for our quality and delivery.” Mayor of Wirral, Cllr Jeff Green, said: “This is another key milestone in the story of Wirral’s regeneration. These new homes, on a brownfield site, show that our ambitions for the Left Bank area from Bromborough to New Brighton through Birkenhead, Seacombe and Wirral Waters, are coming to fruition and delivering the developments people want and need. This shows the value of our work with partners including the Government. Miller’s Quay is also a real statement of confidence in the future of Wirral Waters and the whole Left Bank area, one which will provide homes – including 100 affordable homes – for hundreds of people.” About Miller’s Quay  Miller’s Quay is a 500 apartment Build-to-Rent residential development and the cornerstone scheme for the broader Wirral Waters development. The project has been made possible through a long-term, regeneration lease structure, providing funding for Wirral Metropolitan Borough Council, which would not have been available from traditional structures, while generating the secure long-term cashflows which allow PIC to match its pension payments decades into the future.   The project has been designed to deliver social good to the area with a core focus on sustainability, utilising a range of energy efficient and low carbon technologies to reduce carbon emissions:  All buildings across the Wirral Waters regeneration project are targeting BREEAM Excellent, including Miller’s Quay, as well as significant bio-diversity improvements with the planting of more than 1,600 trees so far.   Miller’s Quay, will use a range of energy efficiency and low carbon technologies to reduce carbon emissions, including solar power systems, and air source heat pumps.  Miller’s Quay will be surrounded by parks, green spaces, dockside walkways and cycle routes, with homes having access to cycling storage and electric vehicle charging points.  One in five apartments to be designated as affordable housing units, with rents set at a maximum of 80% of open market value.  The Peel L&P delivery team will continue to engage with the Wirral Met College’s construction students for site visits, seminars, work experience and apprenticeships, enabling the students to benefit from experience on the project as we seek to create the construction workforce of the future.   Sustainable Urban Drainage to manage surface water from the site into the Docks through the provision of rain gardens, climate tolerant planting and tree pits designed to accommodate a 1 in 100-year storm.  

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Peel L&P joins forces with Changing Streams CIC to reduce plastics in construction

Regeneration business Peel L&P, responsible for the UK’s largest regeneration projects including Wirral Waters and Liverpool Waters, has become a member of Changing Streams CIC and has signed up to their Charter that sets out a clear mission and ambition for reducing plastic in the construction industry.   Changing Streams CIC was established in 2019 to tackle plastic pollution in the industry. The construction sector was chosen as the first because, after packaging, this industry is the largest user of plastics – generating over 50,000 tonnes of plastic packaging waste each year in the UK.  Working with The University of Liverpool, Changing Streams acts as the bridge between academia and industry to drive and effect change and reduce our plastic footprint. The Charter includes a commitment from members to significantly reduce plastics in the construction industry, whether in design of the building, materials or packaging.  The association with Changing Streams will bring together Peel L&P’s construction partners with researchers from the University of Liverpool to identify where sustainable plastic-free alternatives can be used in the building sector.   In addition to becoming a member and signing up to the Charter, Peel L&P and Changing Streams are developing a large and pioneering research project at Wirral Waters – one of the UK’s largest regeneration projects with a consented Masterplan of 20 million sq ft, that is very much in delivery phase. The project will involve the largest residential construction project being delivered at Wirral Waters over the next few years, with more details being announced in the coming months.    Dr Gareth Abrahams, Co-Founder and Head of Building Design Research at Changing Streams CIC, commented; “Whilst the construction industry is one of the largest consumers of plastic in the UK, there have been very few efforts to understand how and why plastic is used in construction and, more importantly, if and where it may be exchanged for plastic-free alternatives. “This partnership between Peel L&P, Changing Streams CIC and the University of Liverpool is the first dedicated attempt to tackle this issue on a large, landmark scheme. Our first project together will be an initial step in a long-term plan that will help position the Liverpool City Region as a thought leader and driver of change in the construction industry.”  Jo Holden, Sustainability Director for Peel L&P, said: “At Peel L&P we understand the importance of action on climate change and the drive to sustainability in everything we do. Working in partnership we are already taking action through smart built environments, low carbon energy solutions, functional green public realm and the promotion of sustainable travel options.   “Reduction in the use of plastics in construction represents a huge opportunity to deliver real transformation in the industry. Signing up to the Charter is just the first step. Working in partnership with Changing Streams we will leave no stone unturned in the drive to reduce plastics across our supply chains.”  Richard Mawdsley, Director of Development for Peel L&P’s Wirral Waters, added: “We want to make Wirral Waters one of the most sustainable regeneration projects in the UK, and we cannot achieve this without tackling the issue of plastics in the construction process. This collaboration with Changing Streams CIC and The University of Liverpool will bring both industry experience and academic excellence to the project, and we are looking forward to working with the team over the coming months and years.” 

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New Ferry Terminal for Isle of Man

The contract for the new £7.6 million waterfront link road for a new Isle of Man Ferry Terminal in Liverpool is yet to be awarded. The scheme will provide access from Waterloo Road to the £30 million facility in Princes Half Tide Dock, located within Peel Land and Property Limited’s £5 billion Liverpool Waters scheme. Part of the £45 million Liverpool city centre connectivity scheme, this scheme also includes the construction of a second waterfront link road to provide a connection between the existing Bath Street/Princes Parade/Waterloo Road junction and the new signalised junction at Leeds Street/Great Howard Street (A565). “The new Isle of Man ferry link road is a vital scheme and I’m delighted we are now at the stage to make the project live. The road’s core function of is obviously to support the new ferry terminal but it will also bolster the wider development of the Liverpool Waters scheme and we are grateful to Peel and the city region combined authority for their support in this scheme,” said Mayor of Liverpool, Joe Anderson. “Creating this infrastructure is a huge priority for the city council because of its potential to fuel a renaissance in North Liverpool – not least the Ten Streets creativity district and the expansion of the Commercial Business District – which will underpin billions of investment that will benefit this city for generations to come,” the Mayor continued. The contractor will be appointed following a Europe-wide procurement process and a report to the council’s cabinet that will recommend the contract to be awarded. The highways contractor will be formally appointed on cabinet approval and then head of terms will be signed with Peel Land and Property Limited to lease the land to the council for the construction of the road. “The creation of these roads will make access to Liverpool Waters much easier for those living, working and visiting the waterfront, as well as the various construction and commercial vehicles that will be entering Liverpool Waters as the project continues to progress,” added Darran Lawless, Development Director at Peel Land and Property, responsible for Liverpool Waters.

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