Plans for a 25-storey residential tower in Liverpool have collapsed after Park Lane (L1), the special purpose vehicle set up to deliver the project, was placed into receivership.
GVA Grimley has been appointed to dispose of the site, formerly home to local glass manufacturer Greenberg, in the Baltic Triangle area on the edge of the city centre.
Park Lane (L1), funded by Lloyds TSB, was owned by Roger Darwin, Stephen Ives and Anthony Robson, whose earlier plans for the adjacent L1 scheme also failed when Windsor Developments (Liverpool), its SPV, was placed into administration.
Ives is a former tax adviser to the Conservative Party and was struck off the accountants register in 2004.
Plans for a mixed-use scheme to be delivered in a joint venture with building materials merchant Alan Beers in the same area are yet to emerge.
All parties refused to comment.