Liverpool City Council begins $400m development project
Clayton Utz advises on a development project in Liverpool.
Firm: Clayton Utz (Liverpool City Council)
Deal: Clayton Utz is advising Liverpool City Council on a $400 million-plus project for the regeneration of a site into a mixed-use development.
Value: $400 million.
Area: Real estate.
Key players: Clayton Utz was led by its real estate national practice group leader Nikki Robinson and special counsel Jennifer Harris.
Deal significance: This development will activate the southern end of Liverpool CBD, providing new public spaces, community facilities and job opportunities.
To be known as the Liverpool Civic Place, the two-stage development will have council offices, chambers, childcare facilities, a library and a 24-hour tower to accommodate commercial, retail, education and accommodation spaces.
Ms Robinson said: “We are seeing a big focus by councils on urban renewal and the regeneration of projects in areas where sites require development to meet the future needs of the population.”