Mount Property Group aims to have the 574-bed Natex project, on the site of the former National Express coach station, completed by September 2020. Tony McDonough reports
Developer and property investors Mount Property Group has secured £12m of finance to fund the completion of its Natex student accommodation scheme in Liverpool.
Mount is aiming to have the 574-bed project in New Islington, on the site of the former National Express coach station, delivered by September 2020. It comprises two buildings of 16 and 10 storeys. It will be built by Mount Construction and management contractor Barton Group Services.
Mount managing director, Michael Chrysokhou, said: “This is a key milestone for the business and for the student accommodation market in Liverpool. We are looking forward to progressing this great scheme and creating an iconic building the city and its student population will be proud of.”
Mount Property Group is an established property development and investment business based in Liverpool and founded in 2012 working on prime city centre locations across the UK.
Neil Bradley of law firm Shoosmith’s, who advised on the deal, added: “Working together with Mount and his professional team to secure this development funding within a five week period is a great result for us and for Mount Property Group. The 574-bed Natex scheme will provide a quality asset for Liverpool’s education sector for years to come.”