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A B C D E F G H I J K L M N O P R S T V W Y

Brabners advises on Liverpool’s Isle of Man ferry deal

Brabners advises on Liverpool’s Isle of Man ferry deal

Wednesday 12th September 2018

The Isle of Man Government and Peel Land and Property have signed an agreement for lease regarding a new ferry terminal at Princes Half-Tide Dock, Liverpool. Expected to open in 2021, the new terminal is part of the £5 billion Liverpool Waters regeneration scheme being delivered by Peel.

The Manx government currently operates a facility from Liverpool’s Pier Head and a planning application is expected in the coming months as the ferry terminal is relocated half a mile downriver to a new dedicated facility.

The new site will support year-round commercial, bus and coach traffic, as well as freight activity at weekends during winter, which will all benefit from improved highway access to the city and the wider North West.

The Isle of Man’s minister for infrastructure, Ray Harmer, commented: “The proposed terminal will provide significant improvements for those using ferry services and will also be used to host events that will boost our reputation with businesses and potential visitors across the North West of England.”

Joe Anderson, Mayor of Liverpool, added: “The new Isle of Man Terminal is a critical piece in our regeneration plans for the north shore of Liverpool and I’m delighted that this deal has been struck between the Isle of Man Government and Peel to progress the scheme. The Isle of Man and Liverpool have a historic relationship and this new ferry terminal will cement our strong links and forge even closer ties into the future.”

Ian Pollitt, assistant development director at Liverpool Waters, said: "We’re pleased that following many years of careful planning and working closely with Liverpool City Council and the Isle of Man Government, Liverpool Waters has agreed a long leasehold sale to house the brand-new Isle of Man ferry terminal. This news follows the announcement of the development of Liverpool City Council’s new cruise liner terminal at Princes Dock. The Liverpool Waters project is evolving at an ever-increasing rate and we’re looking forward to seeing the Isle of Man ferry terminal take shape."

Peel was advised by Matthew Barnes, Iain Gamble and Sandy Gill at Brabners on all property matters.

Matthew Barnes, senior associate at Brabners, said: “The marine connectivity of Liverpool is of major strategic importance to the North West and the future growth of our regional economy. Liverpool Waters is the single biggest regeneration project in the history of the city and will help realise the clear and ambitious vision to grow Liverpool’s status as a major international hub. It has been a pleasure to work with Peel on the deal as we look ahead to development beginning in the not-too-distant future.”