Legacie has secured £93.5m from Maslow Capital for its residential scheme in Liverpool, The Gateway.
The project, which will bring in more than £1m per year in council tax receipts, will deliver 656 homes. It will feature green spaces accessible to the public, commercial units on the ground floor and a wide range of amenities for residents, including a garden spa with a swimming pool, fully fitted gymnasium, residents’ lounge, cinema, podcast booths and private dining areas.
The combination of residential and commercial elements is expected to invigorate the local economy, creating thousands of jobs during construction and providing long-term economic benefits.
James Henry, director of origination at Maslow Capital, said: “Maslow Capital has a well-established track record of supporting high-quality living sector assets in the North West, and our £93.5m financing to develop an additional 656 homes is another significant contribution to the supply of housing in the region.
“We are delighted to be working with Legacie Developments on this exciting scheme, continuing our long-standing funding partnership between our organisations. Having previously supported Legacie across multiple projects in the region, the Maslow Capital team looks forward to continuing this relationship and seeing this scheme come to life throughout the construction period.”
Michael Gledhill, director at RWinvest, added: “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.”
Image from Legacie
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