Developer Moda secures planning consent for £82m skyscraper on Liverpool’s waterfront

The 34-storey ‘Lexington, Liverpool’ will offer the height of luxury for its residents with amenities including a cinema, gym, communal lounge and roof terrace. Tony McDonough reports.

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The Lexington Liverpool skyscraper planned for the city’s waterfront

City planners have given the go-ahead for an £82m residential skyscraper on Liverpool’s waterfront.

Developer Moda Living, backed by investment firm Apache Capital Partners, have secured planing consent for the 34-storey tower to be built within the £5.5bn Liverpool Waters development at Princes Dock.

Known as ‘The Lexington, Liverpool’ the scheme will offer the height of luxury for its residents with amenities including a cinema, gym, communal lounge and roof terrace.

Liverpool architects Falconer Chester Hall have come up with the design.

The scheme will be delivered by Moda Living, a Yorkshire-based developer and operator of private rented housing, and will be fully funded by Apache Capital, the London and Gulf based private real estate investment management firm which is backed by Middle Eastern investors.

The joint-venture partners will retain ownership of the property.

The building is the biggest single investment into Liverpool’s property market this year. It is the third project to be brought forward by Moda Living & Apache Capital.

This follows the JV securing planning permission for the £128m, 466 apartment Angels Gardens development in Manchester as well as another scheme in Birmingham.

Dan Brooks, director at Moda Living, said: “Liverpool is an exciting place to be in right now, with lots of development activity and a real can-do attitude from the council.

“The Lexington at Princes Dock will help underpin the regeneration efforts there while also providing much needed quality homes for rent.

“This is the next important step in our ambitious plan to create the UK’s leading rental brand providing a new benchmark for city centre living.”

Liverpool Mayor Joe Anderson added: “Liverpool is enjoying a regeneration on an unprecedented scale with a number of quality developments in the pipeline.

“This latest announcement for Liverpool Waters underlines the city’s ability to attract high-level investment into housing which will be crucial to supporting the city’s long term growth.”

The scheme will kick-start the next phase of development at Liverpool Waters, owned by property giant Peel.

Two other apartment blocks are in the pipeline as as well as office space and hotels.

Lindsey Ashworth, development director at Peel said: “Moda’s Lexington is set to be a major milestone for Liverpool Waters and it will be a transformational development and build momentum ahead of further announcements for our multi-billion project.”

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