Developer and contractor YPG is aiming to hand over a mixed development of 10, 11, and 12-storey apartment blocks in Liverpool’s Baltic Triangle next spring, with nearly all of the 204 apartments already sold.
The Kings Dock Mill project, which has been backed with an £18m finance package by the Bank of London and The Middle East Plc, was released to the market in April 2016 and was approved in the same year.
The tiered apartment blocks replace existing industrial buildings on the site, bordered by Tabley Street, Shaws Alley, Sparling Street, and Hurst Street, and also include 70 car parking spaces and 100 cycle spaces.
Currently, the brickwork is 75% complete and the first fix M&E is around 90% complete in the first part of the scheme; the entire project will reach practical completion in spring 2019.
Ming Yeung, managing director of YPG Developments, said: “Interest in Kings Dock Mill has been healthy from day one. The Baltic Triangle is white hot in terms of investor interest and with the culture and creativity on offer, it’s not hard to see why.
“But potential buyers from around the world are scrutinising the area in the wake of a series of failed schemes. They’re looking for reassurance that they will see a return on their investment.
“Many of them are sold off plan before a spade has broken ground. Acting as both contractor and developer, we can offer the security that CGIs will become bricks and mortar; private and institutional investors alike are buying that peace of mind.
“We’re pleased to see Kings Dock Mill taking shape so quickly and look forward to welcoming residents to the finished development next year.”
The professional team includes quantity surveyor Modero; LAGP Architects; civil and structural engineer Emile Sanan; and PSD as M&E engineer.