Peel Waters - the Liverpool Waters and Wirral Waters schemes- will comprise a total investment by Peel of £10 billion and will result in the regeneration of 650 acres of redundant docks in Liverpool and Birkenhead.
In March 2011, the UK Government established 4 areas within the United Kingdom to give their special support to and called them “Enterprise Zones”. One of these Enterprise Zones was given the name of “Mersey Waters” which includes Peel’s flagship projects Wirral Waters and Liverpool Waters.
It is envisaged that the total new buliding floor area created at Peel Waters will be over 3 million square metres, with a mixture of commercial, retail, cultural and leisure development and the development of over 25,000 new homes. It is anticipated that both schemes together will create over 40,000 direct full time jobs (in addition to the many part-time and indirect construction roles), over an estimated 30 to 40 year development period.
The schemes will provide an opportunity to transform the under-utilised docks on both sides of the River Mersey, thereby providing an important catalyst for urban renewal in the North West region.
The Peel International Trade Centre (Peel ITC) will be based in Wirral Waters and will be the first of its kind in the United Kingdom and the largest and most sustainable in Europe.