Successful year for property giant Peel

Property giant Peel Holdings has increased revenues and profits for the past year, it revealed in its latest filing to Companies House.

The Manchester-based group, which includes the £10bn Liverpool and Wirral Waters developments in its portfolio, saw turnover rise from £77.967m in 2017, to £81.433m in the year to March 31, 2018.

Pre-tax profits of £49.375m compared with £34.334m in 2017.

Alongside the Liverpool and Wirral Waters schemes, Peel also owns retail parks in 10 locations, Glasgow Harbour, Chatham Waters, and land and propert surrounding the Intu Trafford Centre known as Trafford Waters and Environmental.

The latest report and accounts says the Liverpool Waters plot was valued in March this year at £131.6m, the same as last year.

It said highlights for the scheme throughout the year included planning approval for 900 more apartments, £200m of committed investment, plans for a new cruise liner terminal and hotel, and a landmark transaction through the exchange of a conditional contract for a land sale with Everton Football Club to create a new stadium on Liverpool’s iconic waterfront.

Properties on the sister Wirral Waters site were valued at £92.1m, compared with £89m last year.

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