Peel Holdings has submitted its first planning application for a major mixed use development that will form part of its ambitious £4.5bn Wirral Waters scheme in the North-west.

The Northbank East proposals will comprise the creation of a new neighbourhood providing 1,700 homes, retail and leisure facilities and better access to the waterfront. It will also include a foodstore and office accommodation.

Wirral Waters is a 17m sq ft regeneration scheme which seeks to transform the Birkenhead Docks into an iconic mixed use waterfront development. Northbank East is situated between the converted historic Corn Warehouses and the Hydraulic Tower and is located within the East Float section of the Wirral Waters scheme where the U-534 submarine, now located at Woodside, was formerly on display.

Once complete the Northbank East development will create more than 850 jobs during construction.

Lindsey Ashworth, director at Peel Developments, said: ‘This is an important milestone in the life of Wirral Waters. It’s the start of a very long journey that will take many decades to complete. It’s the start of a new and prosperous era for what is currently an area with real problems.’

Wirral Council leader Steve Foulkes said: ‘A project as ambitious as this can appear to be highly aspirational and long term, however, these applications which are a result of close partnership working between Wirral Council and Peel clearly demonstrate all parties’ belief and commitment to this transformational scheme.’