Developer's £100m vision to transform derelict parts of waterfront creating 'Sydney in city centre' The derelict waterfront space will be filled with 'smart' homes, shops and a cultural square for markets and music A £100m vision has been revealed to transform derelict parts of the waterfront into 'Sydney in Liverpool city centre' A £100m vision has been revealed to transform derelict parts of the waterfront into "Sydney in Liverpool city centre". Property developer Romal Capital has committed the funding to a new scheme providing 330 'smart' homes, shops, public space and other amenities at Central Docks, as well as investment in the surrounding area to help regenerate the waterfront.