Liverpool’s £76m Fabric Village sold out of administration
Mellior Group has completed the acquisition of the stalled 413-apartment scheme in the city’s Islington district, the firm’s second purchase in recent months.
Previously being developed by YPG, the two-phase Fabric Village has been stalled since 2021 after two vehicles attached to the Gildart Street project – YPG Investar Islington House and YPG Fabric Residence – collapsed into administration.
The deal was first reported by Place North West in October, at which point Mellior had been under offer on the site.
JLL and Landwood Group acted on behalf of administrator FRP Advisory to sell the site.
Mellior Group, a venture from former Crossfield director David Cain, has also recently acquired a plot off Ford Lane in Salford with planning permission for 119 homes. Crossfield was liquidated in 2022 after what Cain described as a “two years of hell”.
Mellior Group was contacted for comment.
The company’s website states that the proposed development, renamed Islington Quarter, is split into two phases and has a GDV of £76m.
“The first phase consists of blocks A and C and comprises of 275 residential units – 219 in block A and 56 in block C. There are a remaining 144 units in Block B which totals 419 units across both phases.”