Maslow Capital commit £93.5M for city centre residential development, The Gateway
We are pleased to have secured £93.5m from Maslow Capital to progress on our new landmark development, The Gateway. The deal is the largest funding deal in the history of our partnership with our exclusive sales partner, RWinvest, and represents a significant milestone for us.
The Gateway, located in the Pumpfields district in Liverpool city centre, is a groundbreaking development of four towers each tower linked by a seventh-floor landscaped sky bridge, a first for Liverpool. As one of the largest residential schemes in the city, the development comprises 656 1-2,3- bedroom apartments marking a major contribution to the growing demand for housing in the city. The development comprises 5*residential amenity including a ‘garden spa’ with a swimming pool, a gym, residents’ lounge and private dining, cinema and podcast booths. All apartments are sold exclusively by RWinvest with demand high at over 90% already sold to date.
The Gateway will play a key role in the regeneration of the Pumpfields district helping to transform it into a vibrant neighbourhood. In addition to delivering high-quality housing, the development will feature extensive green public spaces and commercial units on the ground floor. The development is also set to support the local economy not only during its construction through the creation of thousands of jobs, and it will provide and by bringing in more than £1M in council tax receipts and future spending in the area.
John Morley, CEO of Legacie, 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.”
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 residential units is another significant contribution to the supply of housing in the region. 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, 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. It would be great if Liverpool City Council’s planning and regeneration departments continue to be supportive and efficient, helping to ensure that such an ambitious project runs smoothly and quickly. This is truly a transformational development for the city.”
Further reading:
The Business Desk
Place North West
https://www.placenorthwest.co.uk/93-5m-boost-for-656-liverpool-flats/
