With £128 million invested since 2012, a further £62 million on site and over £600 million planned for the future, the Baltic Triangle is changing the face of Liverpool, bringing new areas for commercial, leisure, and living to one of the cities coolest areas. Occupying a central location between the Knowledge Quarter, Enterprise Zone and a number of Liverpool's World Heritage sites, the Triangle is quickly becoming a hub for tech-savvy businesses and trendy bars, whilst still keeping true to its heritage of being a centre for technical workshops, mechanics, welders and trades people. Over the past few years numerous creative and technology-based businesses including PR agencies, designers, architects and musicians have made the Baltic Triangle their home (Regenerating Liverpool).
The area will soon be home to not only commercial and residential areas, but also a number of leisure facilities, hotels and student accommodation. This variety of opportunities has sparked interest from a range of investors, particularly those looking to invest in one of the UK's hotspots for both residential and commercial investment. With 1,000 new apartments completed since 2012, and over 2,500 more with or seeking planning approval and almost 1,000 student rooms on site or proposed, there is plenty on offer for investors. Along with the residential opportunities available, the Baltic Triangle will also bring a large number of jobs; with 500 new jobs generated since 2012 and over 800 planned in future developments (Baltic Triangle).
Accompanying the development regeneration and new builds are plans for major transport restructures including improved road networks, new cycle pathways and pedestrian connections. With cycle paths, the Baltic Triangle will also have six cycle stations, promoting more sustainable travel in the city by offering bikes for hire. The famous Liverpool docks also run the length of the Baltic Triangle boundary (Regenerating Liverpool).
One of the most anticipated regenerations in the Baltic Triangle, and one that reflects the programme as a whole, is 61-1-63 Norfolk Street, which has been commissioned to John Turner Construction by the Baltic Creative Community Interest Company (CIC). 61-63 Norfolk Street is currently a derelict 19th century docklands warehouse which is set to be refurbished to a flexible modern workspace perfect for the creative and technology-based businesses that will call it home. The warehouse will support 30 companies and create 150 jobs (John Turner Construction). Other developments that are underway or already completed setting the tone for the Baltic Triangle are Baltic Place, St James Court, Heaps Mill, Baltic Village and Norfolk House.
The Baltic Triangle redevelopment comes in response to Liverpool's increased visitor economy, which reached £4.5 billion recently, welcoming more than 64 million to the region and 34.4 million visitors to the city in 2017 (IBN). Elliot Lawless of Elliot Group, Liverpool, noted that "the city is now establishing itself as one of Europe's great urban playgrounds", putting its name alongside city giants such as London, Barcelona and Boston. "It's got a great blend of heritage and skyscrapers and a really interesting feel at street level" (IBN).
Invest in the Baltic Triangle with Global Edge:
Baltic Place, Liverpool L8 prices from £109,995; one- and two-bedroom apartments, and two-bedroom townhouses.
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