Legacie secures £20m finance for £90m Liverpool residential project

Property development finance specialist, Maslow Capital is injecting the cash into Liverpool-based Legacie’s Parliament Square project which will comprise 500 apartments. Tony McDonough reports

Parliament Square
Parliament Square, a Legacie Developments scheme in Liverpool’s Baltic Triangle

 

Legacie Developments has secured a £20m financing deal for its £90m residential and retail scheme in Liverpool’s Baltic Triangle.

Maslow Capital, which specialises in property development finance, is injecting the cash into Liverpool-based Legacie’s Parliament Square project which will comprise 500 apartments in four blocks, a public plaza and retail and leisure units.

Work began on Parliament Square in October and it will add to Legacie’s portfolio of successfully delivered Liverpool developments. These include Renshaw Street’s Ropemaker Place and Water Street’s Reliance House.

John Morley, founder of Legacie Developments, said: “The significant financing we have secured from Maslow Capital is a massive vote of confidence in our work and a major boost for the prestigious Parliament Square development.

“This is exciting news for Legacie and underlines our position as an emerging powerhouse in the construction and development industry. The confidence shown in us from Maslow allows us to take a further step forwards delivering a world-class development that enhances Liverpool’s position on the residential map.

“It is a huge moment as it allows us to grow even further. It is great to be working with Maslow Capital and also Alex McCann at Hill Dickinson who helped facilitate the deal.”

Maslow Capital co-founder Chris Blowers said the deal underlined its confidence in Liverpool as a location for residential growth. He added: “Legacie Developments have a track record of delivering high specification, quality residential developments.

“This, coupled with Liverpool’s economic growth and appeal as a destination to live and work in recent years, made the funding of this development extremely attractive. We are looking forward to a strong working relationship with Legacie on the delivery of this project.”

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