Legacie, Nexus secure £10m for Liverpool resi 

The joint venture aims to deliver 78 apartments off Lemon Street in the north of the city. 

Nexus Residential and Legacie Developments have secured a £10m loan from Together to deliver the Liverpool project, known as City Residence Apartments.  

The development, designed by Space+ Architecture, will comprise a mix of one- and two-bedroom flats across four blocks. 

The scheme forms the second phase of a project previously being delivered by New Regen.  

New Regen built out the 30-house first phase, which fronts Stanley Road, and won approval for the second in 2018. 

However, Nexus and Legacie have now picked up the project and aim to complete it by October. 

All of the homes have been sold off-plan through sales agent RWInvest. 

Legacie and Nexus have worked together before. The developers are delivering the £40m, 450-unit Element the Quarter, a project previously being developed by Primesite. 

John Morley, chief executive of Legacie Developments, said: “This is an exciting partnership with Nexus Residential and we are delighted to be working with Together again.  

“Their investment will help us bring new life to an important part of a key Liverpool regeneration zone. Not only that, it is a solid demonstration of confidence in the Liverpool property and construction sector and we are looking forward to delivering this project before the end of the year.” 

Ritchie Watson, corporate lending director at Together, added: “There has been a growing demand for city centre developments in Liverpool and other major UK cities since the end of Covid-lockdown and we’re not surprised to see that these apartments, in one of the region’s key regeneration zones, have already proved incredibly popular.” 

Earlier this year, Legacie and Together struck a £90m funding deal to progress The Residence in Salford. The developer picked up the stalled former Elliot Group site out of receivership.