Iliad confirm £10m redevelopment of iconic former Prescot watch factory
Iliad are due to commence Phase 1 of a new turnkey development in association with Knowsley Housing Trust involving the regeneration of historic former Lancashire Watch Company factory in Prescot.
The listed building was the previous home of Prescot’s Lancashire Watch Company, founded in 1889 and considered the birthplace of modern day watch making after its introduction to the Commonwealth c. 1650. The warehouses will receive a new lease of life as Iliad tastefully convert the dilapidated buildings into premier modern day living accommodation and mixed use live-work spaces suitable for the next generation of creative entrepreneurs and small businesses.
Phase 2 will see Iliad invest a further £20m GDV with the construction of high quality family homes on an adjacent site sprawling 7 acres.
Iliad’s passion for seeing Prescot reinvented and reimagined has been largely influenced by the town’s rich historical connection with watchmaking – a town oozing with character and each building with a story to tell; the home of watchmaking and big industry in the UK until the 19th Century.
Ryan Cullen of Iliad comments on his passion for the area:
“Prescot holds great importance to Iliad as a town we are very familiar with and have seen largely reinvented and re-branded in recent years as a desirable location for family residence and a walk through history whilst enjoying key links to major cities within the region.
We have witnessed the development of modern mixed used schemes in the borough such as the Cable’s Retail Park which converted desolate wasteland into a modern day trade hub, restoring the town’s industry backbone since the departure of its world renowned watchmaking and industrial trades in the 1990s.
The team here at Iliad are excited to be working on the former Lancashire Watch Company site and are eager to apply our pioneering design methods whilst working closely with our partners at Knowsley Housing Trust and Knowsley Council on bringing the factory back to life. We have designed some unique landscaping precedents such as vertical gardens and community growing spaces to encourage residents to plant their own vegetables and truly care about the area; together with our strategic partners we’re shaping the future of once internationally recognised bustling towns of the old world and building a legacy for the children of tomorrow. Our vision includes the re-purposing of this fantastic factory which will one day be instrumental in inspiring the future craftsmen and craftswomen of the world. ”