The Millers Quay residential project has achieved full occupancy, representing a key milestone for the £130m Wirral Waters development.
Completed on schedule and within budget, the scheme was delivered by Peel Waters in collaboration with construction firm GRAHAM, funding partner Pension Insurance Corporation plc, and Wirral Council, with support from Homes England. The development comprises 500 high-quality, sustainable homes and has contributed significantly to the local economy.
Earlier phases of the project saw the completion of Copper Mill and Steam Yard, totalling 150 apartments, all of which were let within three months of becoming available.
The remaining four buildings – Soda Factory, Salt House, Glaze Works and Lime Studio – adding 350 homes, were fully let just nine months after completion, reflecting continued strong demand for modern, waterside living.
James Whittaker, managing director at Peel Waters, said: “Millers Quay is a real success story for Wirral Waters. It’s been fantastic to see so many people settling into their new homes and enjoying the waterside setting. This milestone underlines the huge appetite for high-quality, sustainable homes in the area and is a great example of what brownfield regeneration can achieve.”
Hayley Rees, managing director of PIC Capital at Pension Insurance Corporation, added: “We’re delighted to have achieved full occupancy at Millers Quay, a major milestone for both the development and our targeted investment approach. This demonstrates the strong demand for high-quality, socially impactful assets, and reinforces our purpose that investing with a long-term perspective not only secures the cashflows required to meet our policyholder commitments but also delivers lasting benefits to the communities in which we invest.”
