The Baltic is probably one of the most exciting and fast growing areas of Liverpool; once the well-worn factory and workshop of the city back in the 1800s, now a thriving and cutting-edge destination that is at the heart of the Independent Liverpool scene and is home to a number of digital and creative businesses. Unlike other cultural quarters of Liverpool, the Baltic is not polished and prepared, it’s raw, it’s organic and it’s exciting. It’s the place for fun, alternative dining, an array of music and probably the best place to Brunch, with a diverse range of cafes on offer.
According to Liverpool Council’s Economic Factsheet, the single largest increase in employment occurred amongst corporate managers and directors, whose numbers grew by 4,000 between 2014 and 2015. Scientific and technical professionals represented another big growth market, increasing by 2,300 over the same period.
There seems little doubt that with so much local investment aimed at boosting high value, high skill industries, Liverpool will see a steady escalation in demand for top quality accommodation aimed at the discerning professional market. Recognising this, the ART Apartments scheme is seeking to create some of the most desirable new properties in the City. For residents, it will provide luxurious City centre lodgings, while for investors, it promises ready demand, easy affordability and estimated NET yields of up to 7%.
The Baltic Triangle is an historic port area of Liverpool bordered by Echo Arena, BT Convention Centre, Albert Dock, Liverpool One and Ropewalks. It is the very last city central area ripe for redevelopment and is now experiencing a steady renaissance as investors recognise the benefits on offer. Serious investors will be aware of the very successful Liverpool One, Grosvenor Estates’ £950m retail-led Paradise Street development, which has galvanised confidence in the city property market ever since.
The area’s proximity to the city centre, its excellent transport connections and amenities coupled with a unique proposition of land and buildings make the location a true gift for investors. Liverpool Vision is the company behind the Baltic Triangle’s economic development and regeneration as part of its remit to manage the next phase of the city’s continued transformation. In developing their objectives, Vision ensures each area of the city brings something different to the economy and the needs of the population, it has enhanced the city’s portfolio and overall proposition.
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