£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.
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