Plans to create a world-class attraction at Liverpool’s Kings Dock look set to take a step forward with the completion of a £1 deal.
In January 2013, the city council’s Cabinet considered and approved a report on a masterplan and planning brief for the area, commissioned by Homes England.
Four years later, proposals for the remaining development plots on Kings Dock were approved, with approval also granted for the acquisition of the vacant development land required by the council from Homes England on a 999-year lease.
Following detailed consideration by both parties, the authority and Homes England have determined that the future ownership of the wider estate should rest with the former in light of its already substantial landholding and strong vision for Kings Dock.
As such, it is proposed that Homes England transfers the freehold reversion of the Kings Dock site – edged red below – to Liverpool City Council for the nominal sum of £1.
The acquisition will give the authority full control of the proposed future development of Kings Dock. Proposed are new homes, commercial and leisure space, making the city greener and promoting the wider waterfront.
“The future development of Kings Dock will make Liverpool the preferred choice for investment and job creation,” said a report to Cabinet ahead of its meeting on 27 September. “It will give confidence to investors and developers by providing clear and up-to-date guidance on the types and form of development that will be considered appropriate at Kings Dock.
“The site will attract new businesses to the city and therefore its development will support economic growth. [It will also] provide new footfall to Kings Dock and increase economic benefits that are generated by the Exhibition Centre, Arena and Conference Centre, and the Pullman Hotel.”