£93.5m boost for 656 Liverpool flats
Legacie has secured a funding deal from Maslow Capital to progress The Gateway, an apartment complex off Leeds Street in the city’s Pumpfields district.
Legacie acquired the project last year after the scheme stalled under since-liquidated developer Vinco Group. Main contractor, and Legacie subsidiary, Legacie Contracts began work delivering the four towers in December last year. Construction is expected to complete at the end of 2026, thanks to the £93.5m investment from Maslow Capital.
The 15-storey towers will hold a combined 656 apartments, which will have between one and three bedrooms according to designs by Falconer Chester Hall. There will also be commercial ground-floor units, a “garden spa” with a swimming pool, a gym, a residents’ lounge, a cinema, a private dining facility, and podcast booths.
Apartments are being sold by RWinvest, with only 10% remaining on the market.
Maslow Capital and Legacie have teamed on several projects before – including the £90m, 500-flat Parliament Square complex in Liverpool and, alongside Nexus Residential, the £45m, 196-apartment Merchants Wharf in Ordsall.
Hill Dickinson advised Legacie on this latest funding deal.
“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,” said Maslow Capital director of origination James Henry.
John Morley, chief executive of Legacie, said his company was “thrilled” to continue its work with Maslow Capital and RW Invest.
“This is the largest funding deal in the history of our partnership with RWinvest, and it marks a significant milestone for us,” he said.
“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.”
Morley continued: “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.”
For his part, RWinvest director Michael Gledhill spoke about The Gateway’s role in the wider regeneration of Pumpfields – and what that means for the city.
“The regeneration of Pumpfields will bring long-term benefits to the area, from increased local services and amenities to the positive impact of council tax contributions from new residents,” he said.
“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.”
You can learn more about The Gateway by searching application reference number 17F/0874 on Liverpool City Council’s planning portal.
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Where will the children play?
By Anonymous
Legacie have 4 of the only 8 working cranes up working in the city centre, where would we be without them , I don’t count the Tobacco Warehouse as that’s stalled. Hopefully they will take on Chinatown,plus Infinity,and keep the momentum going, as a quick check on this years planning applications shows hardly any major schemes are likely to go on site next year and possibly the year after.
By Anonymous
Legacie have a track record of getting things done. Not much is happening in Liverpool but getting stalled developments built is crucial if the city has any hope of progression.
By Tom
Hopefully the next site to be picked up and have on the up is the Infinity towers..
By Anonymous
This developer will have to buy up the remaining 90% of land around this new construction site and replicate it across the whole area – because at the moment the whole are looks like the site a post war apocalypse
By Stuart wood
@ 1:47
They can bang their heads against that tree on little bridge
By Anonymous
Investors really do believe in the City of Liverpool. However the chimney sweeps, bottle washers and wheel tappers do not.
Thar bunch if doolally taps are to introduce a £2 per night tourist tax on visitors.
Liverpool One will see further investment from the new Property owner. Last year an estimated 22 million visitors to Liverpool One. Millions of tourists spent money, surely our Liverpool needs more inv not Tourist Tax. … Will the dollally taps see the light and stop their nonsense.
Bah Humbug
By Anonymous
Hopefully legacie can take over the inifinty project down the road next
By St domingo
Infinity might re-start but probably not next year , although some other stalled sites could get going such as the Mellior scheme in the Fabric District. What is a concern is some the newer proposals are showing no sign of starting such as the 8 storey student scheme on Mulberry St the Carpenter scheme on Kings Dock St and the Packaged Living blocks at Old Hall Place. We wont see many new cranes up next year and we’ll lose a number of the current ones.
By Anonymous
Disgusting where’s the council homes for people who can’t afford a morgtage
By Barbara Shiels
@ Barbara 5.45pm, where have you been for the last 40 years, councils don’t build homes anymore it’s the job of the Housing Associations and private sector to build homes to rent. Anyway land in the city centre is far too valuable to give over to houses, we need high-density to re-stock the inner city with a new young population or the city stagnates.
By Anonymous
The shambles continues in this very badly run city .
By Anonymous
Great! More apartments getting swiped up by Chinese and Middle Eastern ‘investeors’ to rent out for extortionate prices that drive up the rental market even further in Liverpool! AMAZING news!
By NA
Let’s ‘not’ mention underground car parking
Butt hey…..bike parking, scooter charging and skateboard park will be included
By Eric
Hi Ya, Eric, Yes. I know for a fact, if you build new blocks of flats in Munich, Germany, you have to build underground car parking. Most folk do not go to work, weekly shopping, clients, far-off family, day trips, on a scooter, especially if they are a family of five, just one example.
By Anonymous
More cut and paste architecture from Falconer Chester Hall. The city is littered with ugly delveploments like this. The worst on is at the end of Park Street facing the John Lewis car park entrance. We’re stuck with this rubbish for years to come. How do the planners keep passing this stuff? It’s investment of sorts I guess but look at what Manchester has and then compare. They’re lightyears ahead.
More worrying than that though is the funding gap for the development of new office space the supply of which is at an all time low. Liverpool doesn’t even make the shortlist for any requirements because there’s no grade A space in the CBD. It’s holding the economic regeneration back big time.
By Anonymous