North Point Global has received planning consent for the £200m regeneration of Liverpool’s Chinatown.
The New Chinatown project includes plans for 850 homes, 120,000 sq ft of offices, a 140-bedroom hotel and a Chinese shopping area.
Chinese president Xi Jinping was shown plans of the scheme during his recent visit to Manchester and the government hopes it will be a key project in the northern powerhouse agenda.
Developers hope the scheme, which is being funded by North Point’s investment partners and the UKTI’s Regeneration Investment Organisation, will become a hub for Chinese business and retailers.
The first phase, in Great George Street, will bring forward an initial 150 flats and 20,000 sq ft of commercial space and is expected to be completed by mid-2017.
A further two phases have been granted outline planning consent by Liverpool city council.
