Legacie Developments has marked a milestone in the construction of its flagship £90m Liverpool project.
The company celebrated reaching the highest point of construction with a ceremony to mark the completion of structural work on the first tower.
In total, the development will include 500 apartments and commercial space across four blocks ranging between eight and 18 storeys, along with a public plaza. Facilities include a spa. It was reported in September that 300 units had been sold.
The project’s architect is Falconer Chester Hall.
The topping out ceremony was attended by Legacie Developments chief executive John Morley and his senior team, along with representatives from finance partner RWinvest,
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Dan Whelan
People who invested up to £100,000 each in off-plan apartments at the Baltic Triangle development have asked its new owner Legacie Developments to help them salvage their investments.
Work on the 145-apartment second phase of Parliament Residence – previously being delivered by a vehicle of developer Assetcorp called AC Parl Street 2 – stalled at the end of last year. David Currie & Co was appointed as receiver to sell the project to recover a charge for one of Assetcorp’s creditors, Collateral Investments, as revealed by
Place North West in December
.
Liverpool-based Legacie last week stepped in to buy the scheme for around £6m. However, the acquisition means investors could lose the deposits they have paid to buy the one- and two-bedroom apartments being developed. This is because AC Parl Street 2 took out loans from Collateral Investments to progress the development, and the funder – a secured creditor – is now expecting to recoup that cash through