The latest residential tower at developer Peel L&P’s £5bn Liverpool Waters has topped out, a 325-apartment scheme designed by Falconer Chester Hall architects.
The Lexington is a 34-storey tower being delivered by Moda Living, the developer and operator of private rented homes.
It is one of several Moda projects that sits in a joint venture with real estate investment firm Apache Capital Partners, funded by Harrison Street Real Estate and insurance firm NFU Mutual, one of the UK’s largest private build-to-rent funding platforms. The Lexington itself was funded through a £58.5m debt facility from LaSalle Investment Management.
Once complete next year, the tower will contain 325 build-to-rent apartments, ranging from studios to three-beds, with amenities including shared lounges, flexible workspaces and a cinema room, gym and roof gardens.
The scheme will also offer 24-hour hotel-style concierge and property management services included in the rent, while the MyModa app will enable residents to report maintenance issues, communicate with concierge, book events, and more.
The Lexington will be the tallest residential tower in the Liverpool Waters regeneration project, which aims to transform 148 acres of historic docklands close to Liverpool city centre. The main contractor is China’s Beijing Construction Engineering Group.
Tony Brooks, managing director at Moda Living, said: “Topping out at The Lexington is another significant milestone and being able to see the tower standing tall along the waterfront is a proud moment for our business.
“This part of Liverpool is a truly exciting area and, with such substantial investment, Liverpool Waters is becoming an extraordinary part of the city with vibrancy and life all around…and our development will play a role in this.”
Moda and Apache Capital have £850m worth of projects under construction, with more expected to start on site this year 2020.
In June, another residential tower completed at Liverpool Waters, Redwing’s Hodder + Partners-designed Plaza 1821, a 15-storey block comprising 105 apartments.