Liverpool property developer Legacie and international investment firm RWinvest, say they will invest a further £500m into Liverpool over the next four years. Tony McDonough reports
Liverpool developer Legacie is to invest a further £500m into projects in Liverpool in partnership with international investment firm RWinvest.
Legacie, which has already delivered multiple projects in the city over the past few years, has unveiled a new four-year investment programme along with RWinvest, which has successfully secured investors from overseas for previous schemes in the North West.
They will be investing the money on a number of developments including One Park Lane, which will see the development of the historic Heap’s Mill Rice Factory. Legacie is also building a 656-unit apartment development known as The Gateway on Leeds Street.
Legacie currently has seven live sites in the city which follow the success of the first phase of its flagship Parliament Square in the Baltic Triangle. The company uses RWinvest to promote its developments to international investors.
They say their developments are attracting first time buyers from outside the city into the area due to their affordability compared to other regions.
It follows reports that Liverpool’s population has started to increase in 2023 after a period of decline in the 1980s and 1990s.
John Morley, chief executive of Legacie, said: “We have a huge development pipeline coming forward and are proud to be investing so significantly in the city.
“If you look at our most flagship schemes in Liverpool, they are being delivered in areas that, in many cases, stood as wasteland for decades.
“Now, we are delivering quality homes and building communities that are driving regeneration and economic prosperity. One Park Lane and The Gateway projects are particularly good examples of that.”
Michael Gledhill, director of RWinvest, added: “Our partnership with Legacie has meant that we have been able to match international investors with exciting residential projects across Liverpool.
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“We are working at pace on some pretty groundbreaking development sites, with Heap’s Rice Mill in particular likely to become the economic engine in terms of driving further growth of the thriving Baltic Triangle.
“Our developments have not only attracted overseas buyers but there has been an increase in buyers at home who all want to tap into what the city has to offer. It feels very positive.
“We are all invested in growing the city and helping it flourish over the next few years.”