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Thursday, March 30, 2023

Liverpool’s Royal Albert Dock Put Up for Sale for £50m

The Royal Albert Dock in Liverpool is for sale for around £50 million.

Since it was restored from a vacant location in the 1980s, the dock has developed into a popular tourist destination, attracting around six million visitors each year.

The investment firm that owns it has given property agents instructions to sell roughly 400,000 square feet of businesses, including restaurants, hotels, and retail spaces.

Previously the site of ITV’s This Morning, the Grade I-listed dock received a royal title in 2018.

“375,295 sq ft of mixed use commercial space at the Royal Albert Dock” is for sale, according to a spokeswoman for the property’s owners, CBRE Investment Management.

It proceeds to the market after another notable waterfront structure, the neighboring Liver Building.

With a £90 million asking price, the Liver Building was put up for sale.

The pier was first constructed in 1846 but was abandoned in the 1970s as a result of the city’s decline.

The wharf, which was formally inaugurated on July 30, 1846, by Queen Victoria’s husband Prince Albert, was renovated into a tourist destination in the 1980s and given the name Royal Albert Dock in a ceremony held at Tate Liverpool.

Jesse Hartley, an architect and dock engineer, created the Albert Dock, which was abandoned 20 years after it was accorded Grade I listing status in 1952.

The final episode of Alan Bleasdale’s depressing BBC One series The Boys From The Blackstuff, which chronicled unemployment in 1982, was set against the desolate dock.

Later, it underwent redevelopment; the initial stage was finished in 1984.

On the same location, the Merseyside Maritime Museum debuted two years later, and Tate Liverpool followed in 1988.

By the decade’s conclusion, the renovated structure served as the backdrop for This Morning, a daily magazine program on ITV.

Cedric Blackwater
Cedric Blackwater
Cedric is a journalist with over a decade of experience reporting on local US news, and touching on many global topics. He is currently the lead writer for Bulletin News.

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