St Modwen Properties PLC and Liverpool City Council have signed a development agreement for the regeneration of the Great Homer Street area in North Liverpool.
A planning application for the redevelopment of some 45 acres is to be submitted later this year. The £50 million new district centre project is planned to include a 9,290 sq m (100,000 sq ft) – plus food store, at least 4,645 sq m (50,000 sq ft) of district centre shops, a new relocated market hall, community facilities, and housing.
St Modwen, which specialises in regenerating tired district and town centres, having recently completed a major scheme at North City Shopping Centre in Harpurhey, Manchester, was selected by Liverpool City Council as its partner for this scheme in open competition last year.
Since then it has undertaken considerable public consultation to bring forward the scheme now contemplated in the agreement just signed.
Chris Newsome of St Modwen, said: “We were delighted to have been chosen for this project by Liverpool City Council. We have worked with the council before at Belle Vale and know that it is a good regeneration partner.
“The signing of this agreement is one vital stage in the long programme to bring the scheme forward. It’s a very exciting opportunity to improve and regenerate this area of north Liverpool which has suffered from under-investment in past years.”
Peter Millea , executive member for regeneration, Liverpool City Council, said: “This is a major step forward in a scheme which will bring major improvements to this part of North Liverpool. It is a development which has the support of the local community and I am delighted that progress is being made to make the ideas behind it a reality.”
For further information contact Chris Newsome of St Modwen (01925 825950). Issued by Paul Raymer of Howle Chapman Raymer (0121 236 7771)