Two towers were proposed for the site. Credit: archive

Liverpool’s Ovatus site picked up by Packaged Living

The build-to-rent developer’s acquisition of two plots on Old Hall Street, once the subject of proposals for the city’s tallest building, is the first in a newly formed partnership with USAA Real Estate.

Having acquired the Ovatus site from Prospect Capital, Packaged Living said that the JV will “programmatically pursue the acquisition, planning, construction and operation of best-in-class multifamily BTR assets in the UK, ultimately targeting the creation of a diversified BTR portfolio of several thousand units”.

The firm continued: “The JV has completed its first land acquisition in Liverpool and will submit a planning application in the coming months”.

Previous plans for the part of the site, known as Ovatus I, were drawn up by Hodder + Partners and approved by Liverpool City Council in 2017. They featured a 27-storey tower with 168 apartments.

In 2018, a consultation was launched on plans for a 48-storey tower on another part of the site, dubbed Ovatus II. A planning application for this building, which would have become Liverpool’s tallest, was never submitted.

The Ovatus site was then put up for sale by Prospect Capital in the summer of 2020.

Following Packaged/USSARE’s acquisition, fresh proposals for the site are to be drawn up by architect Falconer Chester Hall.

Turley is understood to be advising on planning, replacing Indigo, which was attached to the earlier proposals. Turley also advised Packaged on its 352-home Castings scheme in Manchester.

Packaged added that the project would provide a template for its plans elsewhere, offering residents good access to transport links and amenities, shopping and leisure.

The GDV of Packaged’s BTR projects so far exceeds £1bn, the firm said, comprising more than 5,000 homes. USAARE as a business is 40 years old, and has been investing in Europe for eight years.

Ed Ellerington, founder and managing director of Packaged Living, said: “The UK has long had a mismatch between the demand for homes and the volume supplied to the market. We see a huge opportunity to positively change that market and we are delighted to announce USAARE as one of our new partners.

“Our focus will be on creating best-in-class multifamily BTR assets where the need is greatest, while also delivering properties that are fit for the future, combining quality finishes with high energy efficiency and lower costs.”

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So we may get the 27 storey tower but probably not the 48 one, though we might get 40 which is the same as one of the Beetham ones nearby.
Looking forward to this then.

By Anonymous

Great news

By Anonymous

This is great news, hope they stick with or better the previous designs, these should be knock out towers, so aim high and go for 60-70 storeys, with no random cladding. I really hope LCC do not mess this up and encourage big city thinking and not backward thinking with height reductions. Get this right and more quality developers will be encouraged.

By GetItBuilt!

As a resident of Manchester, can I just say how fantastic the architecture and design of these towers are compared with the dross cuboids we get. I hope Manchester architects take note. Good luck Liverpool!

By Verticality

27 story is not bad. Could’ve been better though.

By Anonymous

LCC will scale it back to 4 storeys

By Anonymous

Verticality, read the article. Also if you actually came from Manchester, you’d actually realise that much larger towers like the 360 and The Blade are actually well underway with others on the way that are not just ‘cuboid ‘as you say, though I rather like the many square 50+ Story towers we already have.

By Anonymous

Oh if only they’d build the picture! I remember when this fell through, sigh…

By Anonymous

This is another encouraging sign that Livetpool appears to be turning the corner again, along with the other announcements from earlier this week. Looking forward to a well designed and tall development.

By Liverpolitis

Gonna be great addition to the waterfront skyline

By Anonymous

Let’s hope it’s rather more than than 27 stories, that’s a tiddler by any standards.

By Anonymous

Thank you Vertically and I encourage greater friendship and solidarity between our two great cities especially as it seems we are about to neglected by this government again.

By Liverpolitis

There’s no chance this will ever get built! The original planning consent has lapsed as far as I know and there’s no way the Council will permit anything as tall as 27 storeys, let alone 48. Liverpool is anti-tall buildings and the adopted policy, draft SPD and officer attitude demonstrates that. The shape of the original scheme would never have been viable in Liverpool, so any revised scheme, if it ever stands a chance of being built, will be much more economically designed. Hope Packaged have done their DD. Looking forward to seeing how this one pans out!

By Anonymous

27 storeys Christ almighty when will us Liverpudlians get our first actual skyscraper? Never is my guess. I’m glad this scheme has been picked up by someone, it was a big let down when this got shelved however, this article does not give me any hope that the fantastic design (seen in the renders attached to this article) will be achieved… I’m expecting a miserable 27 storey “tower” similar to Alexandra and Princess Dock Tower. A mere smudge on the skyline, that’s the LCC way. An attempt to keep the 70+ population of the city happy.

By mike

Yes this is what I want to see. Taller towers! This is a great design and I hope the new design adds more height. Fingers crossed 🤞

By Anonymous

There’s something missing here but I can’t put my finger on what

By Balcony warrior

I hope to be proven wrong, but decent height just doesn’t seem to be viable in Liverpool

By Dave

That is a nice design. Pity it’s not happening though. Interesting to see what gets put in its place.

By Anonymous

Balconies can be dangerous especially as people tend to store things on them and these may fall and hit someone. In addition people may want to socialise outside and there is the matter of falling cigarettes etc.
There is also the issue of people drying washing ,which often looks awful and is in breach of house rules, it may look acceptable in the backstreets of Naples but not in this instance.
There is also the risk of someone falling either by accident or consciously, and the heigher you go the worse the outcome, I like these blocks the way they are.

By Anonymous

Liverpool could get its first skyscraper here. The location does map onto the council’s own tall building zone. The only fly in the ointment are the UK’s current economic conditions; but these would take 2+ years to complete anyway so hopefully we would be out of the current gloom!

By Chris

I’ve just seen the new designs and I’m so disappointed (again) the past design used in this article is so much better

By Anonymous

Manchester Birmingham and Leeds are building bold outside of London why shouldn’t we, if carefully situated they will not take anything away from the three graces but compliment them and add to our already famous skyline, come on Liverpool fifty plus!

By Native scouser

Will it happen….We’ve heard it often . Liverpool City needs to climb ‘high’ , and compete with the best architecture can offer …Only then will this ‘once great city’ be restored……

By Shaun Mackin

Great looking towers only see these types in London not the North so great for Liverpool

By Anonymous

Oh come on. Most flats on the continent have balconies. Some may use as storage but enjoy the advantage of outside access to fresh air. Don’t fall off or drop cigarette ash. It all depends on how well the development is managed.

By Anonymous

‘Picked Up’ typical PNW expression when discussing Lpool projects then the autopsy on cost.

By Eric

More soulless towers. People want houses, with gardens/outdoor space not tubes of expensive prison like cells

By Eve

The problem will be the quality of the finishes. Cut and paste architecture at its worst.

It would be amazing if we actually had a vision for what Liverpool could look like and actually be. Also BTR is never a good model. We need people to have a stake in what they live in not create single purpose vehicles to make a few property moguls a money spewing machine.

By Original Fabric

@ Eve ,5 Nov, have you ever travelled and experienced big cities? They have large buildings and their city centres are not places where suburban houses ,with front and back gardens, look appropriate, and don`t make best economic use of the land.
Many people choose to live in high-rise and they do not regard them as soulless , furthermore many low -rise housing estates I have witnessed look very boring and soulless .
We want Liverpool to be vibrant like it was decades ago, and these large , vacant ,spaces in and on the edge of the city centre , should be used to re-establish the popuation density with tall buildings ,and help boost the footfall in downtown shops and businesses.
By all means build family houses with outdoor space but not in the city centre.

By Anonymous

@11:10 am Anonymous, you were foaming at the mouth as you typed that weren’t you, seething that anyone not from there dare give Liverpool best wishes. I am not from Manchester, nor do I wish to be, I simply reside here. The Blade and 360 are 2 towers in a City of many that break the otherwise commonly known fact that Manchester is littered with cuboids – you don’t have to look far from The Blade or 360 to understand what I am on about (Deansgate Square, Elizabeth Tower). Fair enough if you like them, good for you! Why are you crying to me in the comments under an article about Liverpool though!

By Verticality

We want HOUSES

By Anonymous

Re demands for houses, the generations that want to live in these apartments are either young and busy or empty nesters who want a place in town and no responsibility for gardens etc. If you want houses or bungalows try the N.Smallhouse retirement village in Eutopia Street. Houses in the right place apartments in the right place.

By Just saying

Liverpools sense of scale is part of what makes it unique its not over powerd by skyscrapers that make cities like Perth Dubai, Singapore Shanghai all look the same you would have to be very clued up to identify one these cities if shown a photo of just a skyline without a name. Liverpool has this sence of scale like Paris Rome, Florence Amsterdam, Stockholm ect. Yes lets have tall buildings but not skyscrapers they need to be kept within the scale of the three Grace’s and not overpower them.

By Quentin Hughes.

Oh dear Verticality that really seems to have hit a nerve. I guess the responder chose to point out the fact that the many tall towers are not just souless cuboids as you incorrectly stated and in fact you were the one who brought another city into the the comments on a Liverpool article. These are a lovely design though, I hope they get built though past form says sadly highly unlikely.

By Anonymous

Paris , Rome or Florence? Ok I’ll stop laughing if you stop writing Quentin. This is an article about the possible approval of a 27 story building. Let’s not get over emotional and hope it just gets built.

By Huytonflyer

Agree , Liverpool doesn’t need these we need houses for families . Luckily they’ve next to no chance of being approved in that form.

By Sighmon

Agree, these would indeed be too big for Liverpool. Can’t see the council approving them. They need to be in keeping.

By Anonymous

It seems we are getting two 27 storey towers

By Wilson

I feel both towers should be 40+ stories given their location. It is an entirely appropriate location for tall buildings – there are already tall building nearby and it falls within the designated tall building zone. Hopefully, these towers and the Infinity towers adjacent to them come to fruition. There is lots of signs that Liverpool, after all the council’s troubles, is coming back to life. Liverpool does need more houses, just not in the city centre. Housing run linear with the expansion of the Merseyrail (e.g., new Kirby line) which would allow easy access to the city (and beyond).

By Chris

Manchester does have blandish cubic any-city towers. The Third World mentality is build high to give the impression of being ‘go-ahead’, not just low rise wooden buildings. Manchester is following that route. Liverpool has resisted this – as did London to a degree. There needs to be common sense and balance in not swamping the dock waterscape with bland clustered glass blocks.

Liverpool city council in the early noughties tuning down the 51 floor stainless Brunswick Quay tower shaped like a sail was a major blunder. Little vision. It would have been completed before the 2008 crash. The tower would have been a catalyst for south end docks development. Instead there was 20 years of stagnation.

What Liverpool needs to be firmly focused on is preserving waterspaces, using the waterscape to maximum effect. In this they have been a near abject failure, displaying little vision.

By John

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