Legacie Developments says buyers from Australia, China, Hong Kong and Singapore have snapped up units in the project which will comprise 500 apartments. Tony McDonough reports
Investors from Australia, China, Hong Kong and Singapore have snapped up 40% of a new £90m residential development in Liverpool’s Baltic Triangle.
Liverpool developer Legacie is creating 500 apartments across four buildings in the scheme, known as Parliament Square, as well as a public plaza comprising of shops and restaurants.
The development face objections from local councillors and Baltic Triangle Community Interest Company in the summer over fears it would have a detrimental impact on what has become a thriving creative industries and leisure hub over the past decade.
However, following meetings between Legacie and Baltic CIC, the objections were dropped and the project was approved by city planners.
Parliament Square has proven to be Legacie’s fastest selling scheme to date with investors benefiting from having a team that has developed a number of successful schemes in the city centre, including Hotel Indigo and Days Inn Hotel.
The developer has released images of the plans, showcasing the size and scale of the scheme and how it will radically transform Greenland Street on the edge of Liverpool city centre.
They show panoramic rooftop views, high-spec interiors and a luxury rooftop spa which will be available to those living in the development where prices for the one, two and three-bedroom apartments will start at £94,000.
John Morley, Founder of Legacie Developments, said: “There’s been some negativity surrounding development schemes in Liverpool recently, yet despite this, the city remains an exciting prospect for foreign purchasers.
“There are various schemes being built in the city due to its high rental demand and returns, with Legacie at the forefront of the regeneration.
“Parliament Square has attracted interest from an array of international buyers who are all keen to be part of the redevelopment of an up-and-coming area of Liverpool and the evolving story that is the Baltic Triangle.”