Liverpool-based property developer Nexus Residential has secured a £20m loan from Maslow Capital to deliver its Central Park residential scheme.
The 174-home development on the edge of Liverpool city centre comprises a mixture of one-, two- and three-bedroom flats with a hotel-style reception and concierge, as well as a private roof terrace.
The scheme, which has a gross development value of £37.2m, will also include cycle storage, underground car parking and a gym, while £1m has been invested into an adjoining public piazza, with arches inspired by the city’s Royal Albert Dock.
Central Park sits within the Baltic Triangle district, an area characterised as a creative area of Liverpool. It is home to more than 500 businesses, with Boxpark being the most recent addition.
Michael Gledhill, managing director at Nexus Residential, said: “Central Park will help bring homes to the city. We are on-site and working at pace to help deliver another development the city can be proud of.”
Sky Mapson, senior director of development origination at Maslow Capital, said: “This transaction underscores our commitment to building long-term relationships with developers who make a positive impact on the supply of housing.”
Legacie Developments is the main construction company set to deliver Central Park.
Image © Studio RBA
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