Central Park Liverpool, Nexus, Maslow, P, This Generation

Maslow capital has invested £20m into the Central Park development in Liverpool. Credit: via This Generation

Maslow pumps £20m into Nexus’s Baltic Triangle flats

The funding will enable the completion of the £35m Central Park apartments on the edge of Liverpool city centre in late 2025.

This deal marks the third Nexus Residential has completed with Maslow Capital, with the total funding now having reached £60m.

The other developments are nearby One Baltic Square, which has now been completed, and Merchant’s Wharf in Salford now nearing practical completion.

Designed by Studio RBA, Central Park comprises a nine-storey mix of one-, two-, and three-bedroom apartments featuring a five-star hotel-style reception and concierge.

Underground car parking and a gymnasium are being developed as part of the scheme with £1m invested into an adjoining public piazza. There will also be a private roof terrace offering views of Liverpool’s Anglican Cathedral.

A spin-off benefit from the scheme will be the resurfacing and reopening of Brassey Street where the development is located.

Sustainable features will include solar panels, electric vehicle chargers, heat recovery systems, LED lighting, and air-source heat pumps.

Legacie is the main contractor on the Central Park development having led developments such as Reliance House and Element – The Quarter in Liverpool.

Cheshire Ecology, Waterco, DTPC, and Roman Summer Associates featured on the project team for this one. BLOK Architects designed the original scheme, a job that has now been taken over by Tract Architecture.

RWinvest is the sales agent, with all homes pre-sold off-plan. Freeths advised Nexus on the deal.

Nexus has also paid around £350,000 in S106 contributions to Liverpool City Council.

This money will go towards a refurbishment of the Gore Street park, off-site tree planting, and a contribution to public art.

Michael Gledhill, managing director of Nexus Residential, said: “We are really pleased to have agreed this funding facility with Maslow Capital, which helps continue our relationship and follows on from the successful delivery of our Liverpool and Manchester schemes.

“Central Park will help bring much-needed, high-quality homes to an increasingly popular part of the city. It has once again been a pleasure to work with Maslow and Sky Mapsom and Rachael Gordon from their origination team in completing the funding of this project.

“Also, a huge thanks to the team at Freeths for their hard work on completing the funding deal.

“We are on-site and working at pace to help deliver another development the city can be proud of.”

Sky Mapson, senior director, of development origination at Maslow Capital said: “This transaction underscores our commitment to building long-term relationships with innovative developers who make a significant positive impact on the supply of housing.

“We are pleased to partner with Nexus Residential once again, drawing on our extensive experience in the asset class, reliability, and comprehensive knowledge of Liverpool’s housing market to provide the funding needed to advance this project.

“This project marks a transformative moment for the city’s residential sector, and we are delighted to be a part of it”.

Rachael Gordon, head of deal execution (UK and Europe) at Maslow Capital said: “Finalising this complex transaction marks another milestone in our successful collaboration with Nexus Residential.

“This project stands out for its innovative approach to urban living, combining modern amenities with sustainable features that cater to the needs of today’s residents. We look forward to seeing its completion and the positive impact it will have on the local area.”

The Freeths legal team was led by real estate partner Stephen Lewis and director Mark Alexander, with assistance from Ben Moylan, Louise Kelly and Pippa Clemett in banking, along with Marie Mulligan and John Ridehalgh in construction.

Alexander said: “This is such an exciting project to work with our client on as it will really embody the culture of Liverpool with the design taking inspiration from the Citys historical Royal Albert Dock. As our Liverpool Team continues to grow, this deal really highlights the strength of our regional capabilities for developers.

To view the plans for the development, search for application reference number 16F/2879 on Liverpool City Council’s planning portal.

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Great news this is right next to Baltic Station

By Anonymous

Impressive quality. Especially good to hear Brassey St investment. Time to open up Toxteth now even further and restore the loss of permeability from the 80s.

By LEighteen

I was the landscape architect who designed what this article calls “Gore Street Park”, back in 1988 when I first joined Liverpool City Council at the age of 24. Its title back then was “Brassey Street Public Open Space”. Some of the trees at the top end were existing. You will see those railings and arch entrance to Gore Street on others of my schemes from that period such as at Fontenoy Street in the city centre, whilst I later added date plaques to my arches which can still be seen at what is today called Acrehurst Park in Belle Vale and off Upper Parliament Street (opposite the Womens Hospital). I’m now 61 and about to retire next year 🙂

By Marcus28

Need more of this in the Baltic, there’s still a few sites with planning agreed but up for sale not least the Norton site with permission for high’rise, need someone to take this on.

By Anonymous

Good that it has underground carparking which is a MUST even if you live in a city center. Walking and bike-riding every where is NOT doable. That is a fact. You see, I use my noggin to think with. Amazing what facts you find.

By James Yates

Looks ridiculous next to its surroundings. Too tall.

By Anonymous

Are they roofing over the rail line to create more accessible open space?

By WayFay

I like the quality. I’d like to see more of this in Liverpool.

By John

@James Yates

You used your noggin but not well enough. There’s also public transport.

Also, if you accommodate car parking on site, you are encouraging more driving which will block up city centre roads which can’t be widened.
Wait a minute… did I just use my noggin too much?!

By Anonymous

This is great news, a decent development with the right density helping to expand the city centre and repopulate Dingle/Toxteth. This should be a catalyst to develop other wasteland plots of land in the immediate area, and replace with homes and much needed jobs.

By GetItBuilt!

Well done Marcus28 your efforts are appreciated. It’s a nice little spot. It’s uplifting to see this area finally being regenerated. I hope the entire neighborhood is fully transformed.

By LordLiverpool

@ WayFay, I wouldn’t worry too much about roofing over the rail line to create more open space. Take a walk up St James Place, and then onto Park Road where there is acre upon acre of needless open space created by the demolition of perfectly good tenement blocks and other properties which gave the area high density housing. The population declined and shops closed and the placed looked like post war Berlin. There are a lot of trees down Park Rd but this was not down to meaningful landscaping but down to a council that had little or no ideas about quality regeneration, all they offered was endless out of place suburban semis which make extremely poor use of the land available and offer nothing in terms of aesthetics and design.

By Anonymous

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