Prime Centrum Blog

COUNCIL BACKS EXPANDED KINGS DOCK MILL DEVELOPMENT

November 23, 2016

Published by: Izzet Olcusenler

Prime Centrum’s exclusive collaboration with Yu Property on Kings Dock Mill, has moved further forward with the green light to redevelop the site in Liverpool’s Baltic Triangle into more than 200 apartments as part of a £30m scheme now granted by Liverpool City Council.

The company, through its construction arm YPG Developments, had applied to demolish the existing industrial buildings on the land, which is located on the corner of Tabley Street and Hurst Street, and construct an 11 storey building with 204 units providing some of the best views in the city. An original planning approval granted in 2015 for 100 luxury apartments was in place and work to demolish the existing building and prepare the site for construction has already been completed.

In addition the Kings Dock Mill project will offer 70 parking spaces accessed from Sparling Street and 100 cycle spaces. Planners at Liverpool City Council have granted approval at a meeting on 22 November 2016 where a report scrutinised by councillors said that while the site is suitable for industrial uses, it is “recognised that allowing alternative forms of appropriate development onto selective sites within the Baltic Triangle can provide an attractive mixed-use area”. The report added that the council’s interim head of planning is satisfied that the plans won’t harm Liverpool’s World Heritage Site status.

With the majority of apartments in this signature scheme already sold to Prime Centrum’s global investor base from the first phase of 100 units, this is the last opportunity for investors to secure city centre property in the waterfront area at these prices. Plans are now underway by Prime Centrum for a global launch of the additional 104 apartments early in the new year contributing to the excellent success of this iconic master plan adjacent to the Kings Dock and Albert Dock waterfronts.

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