North West Property News – Liverpool residential developer Legacie has secured £93.5m from London-based Maslow Capital to push on with £200m residential development, which is under construction and one of many Legacie Developments projects in Liverpool city centre.
London-based lender Maslow Capital has committed £93.5m to the Gateway development which comprises 656 apartments.
The Gateway development project is located in Leeds Street close to the city’s central business district and will offer a selection of one, two and three-bedroom apartments.
Work has already started on the development which was first announced in August 2023. Legacie’s long-term partner, international sales agent RWinvest, has already secured sales on 90% of the apartments.
This new funding package will enable Legacie to progress with the scheme. The Gateway is one of the largest private investments into Liverpool’s residential market in the city’s history and is expected to play a pivotal role in transforming the Pumpfields area.
Legacie chief executive John Morley said: “We are thrilled to continue our partnership with Maslow Capital to deliver The Gateway. This is the largest funding deal in the history of our partnership with RWinvest, and it marks a significant milestone for us.
“It not only reinforces Legacie’s commitment to providing high-quality residential spaces but also responds to the growing demand for well-located housing in the city.
“The project is set to transform a brownfield site into a dynamic urban community, with green spaces, modern amenities, and a sustainable design that aligns with Liverpool’s regeneration ambitions.”
Michael Gledhill, director at RWinvest, also said: “We’re excited to see this game-changing development take shape in Liverpool.
“The Gateway is not only one of the largest private investments into the city’s residential market, but it will also create hundreds of jobs during the construction process and in the long-term with residents contributing to the local economy.
Legacie Developments
Liverpool residential developer Legacie Developments are one of the UK’s largest privately-owned real estate investment & development companies, operating across residential, commercial & hospitality sectors and has successfully delivered on a number of high-profile projects in the city of Liverpool, including high-specification residential schemes like Ropemaker Place in the University Quarter and the Edwardian-style Reliance House in the city centre.
