Black Pearl Capital Welcomes Approval for Bromborough Wharf Revitalisation
Deal News | Feb 08, 2025 | Black Pearl Capital Ltd
Black Pearl Capital Ltd. is at the forefront of the Bromborough Wharf regeneration project, which has recently received outline planning approval from the Wirral Council's Strategic Applications Sub Committee. Spearheaded by the Grammont Group and Bromborough Riverside Regeneration Ltd, the project represents a significant adaptive reuse of a 23.5-hectare brownfield site in Bromborough. The development plan includes 975 new homes, public amenities, green spaces, and enhanced public transport connections. This transformation aligns with Wirral’s Local Plan 2021-2037, and aims to satisfy the high demand for housing in the area. Reza Irani Kermani, CEO, and Abbas Jafarian, COO of Black Pearl Capital, expressed enthusiasm over the project's impact and the partnership involved. The scheme, seen as transformational for the Wirral region, reflects a balanced blend of community-development and environmental sensitivity, promising to respect the site's industrial heritage while propelling it into a sustainable and well-connected future.
Sectors
- Real Estate Development
- Urban Regeneration
- Private Equity
Geography
- United Kingdom – The Bromborough Wharf site is located in Bromborough, Wirral, which is part of the United Kingdom. The project aligns with local development plans in the UK context.
Industry
- Real Estate Development – The project involves the development of new housing and public spaces on a brownfield site, showcasing typical activities of real estate development.
- Urban Regeneration – The approval of the Bromborough Wharf project is a significant urban regeneration initiative focused on transforming an industrial site into a vibrant community.
- Private Equity – Black Pearl Capital, a private equity firm, is a key player in the financing and management of the Bromborough Wharf regeneration scheme.
Financials
- – The article does not specify a financial amount related to the project.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Black Pearl Capital Ltd. | PE Firm | Company | A private equity firm involved in the Bromborough Wharf regeneration project. |
| Grammont Group | Developer | Company | A key development partner in the Bromborough Wharf project. |
| Bromborough Riverside Regeneration Ltd. | Developer | Company | A partner responsible for the development of the Bromborough Wharf site. |
| Reza Irani Kermani | Chief Executive | Person | Chief Executive of Black Pearl Capital, overseeing the project. |
| Abbas Jafarian | Chief Operating Officer | Person | Chief Operating Officer of Black Pearl Capital, involved in the project management. |
| Wirral Council's Strategic Applications Sub Committee | Government Body | Government | The governmental body that approved the outline planning for Bromborough Wharf. |