Legacie Developments has announced a £20m deal with Maslow Capital to part-fund the Parliament Square residential and retail scheme in Liverpool’s Baltic Triangle.
Work on the project, which has an overall value of £90m and will see the construction of 500 apartments over four blocks, began last October.
Legacie Construction is building the scheme, which includes a public plaza with restaurants, shops and gym.
According to Legacie, the funding from Maslow Capital underlines confidence in the company as an emerging developer.
John Morley, founder of Legacie Developments, said: “The significant financing we have secured from Maslow Capital is a massive vote of confidence in our work and a major boost for the prestigious Parliament Square development. This is exciting news for Legacie Developments and underlines our position as an emerging powerhouse in the construction and development industry.”
Hill Dickinson advised on the deal.
Work on the development is expected to be complete by summer 2021.