Leahy appointment may boost Liverpool - commercial mortgages

07 May 2008

In news which may interest those seeking to take on commercial mortgages in the Merseyside area, Tesco chief executive Sir Terry Leahy has been appointed to a board which will oversee Liverpool''s economic development.

Liverpool Vision, which will seek to get the city to capitalise on its potential through inward investment and regeneration, will have Liverpool-born Sir Terry on the board alongside representatives of local government and development bodies such as English partnerships and the Northwest Development Agency, Property Week reports.

Emphasising his local roots, Sir Terry commented: "I very much look forward to making a contribution to Liverpool Vision, which has the potential to bring together ideas and resources that will ensure big plans can become a reality."

If the vision is successful, it may provide a major boost to the commercial property sector in Liverpool and the surrounding area.

Another figure joining a property-related body is Sir Simon Milton, leader of Westminster Council.

He is to leave his post next month to become the senior policy advisor on planning to new London mayor Boris Johnson.