Splash reports £18m profit

Liverpool City Council’s cabinet will next week be asked to approve the city’s proposed Commercial Property Investment Fund plan, aiming to invest an initial £50m in rent-generating property.

The Shankly and 30 James Street hotels in Liverpool are on the market as developer and operator Signature Living looks to fund its expansion programme.

Former Deputy Prime Minister Lord Heseltine has backed Everton FC’s proposed move to Bramley-Moore Dock as a “golden opportunity to bring lasting change to the north of the city”.

Developer Foster Marlon Group has acquired the grade two-listed 31 Dale Street in Liverpool city centre, with plans to convert the space into serviced offices and co-working space.

Homes England is to provide a grant of £9.9m to facilitate the development of up to 1,500 homes at Liverpool’s Festival Gardens site.

Promenade Estates has sold The Observatory in Liverpool to social housing provider Torus for £3.65m, with the 21,000 sq ft building to become the housing group’s head office following its merger with Liverpool Mutual Homes.

The multi-disciplinary contractor has reported group revenue up by 6% to almost £3bn, with pre-tax profit reaching £81.6m in its full year results.

The schedule for Liverpool City Region’s MIPIM campaign has been released ahead of the international property showcase in Cannes next month.

Haulage firm JWT Commercial has expanded its footprint at the Port of Liverpool with an investment in five acres, as Peel Ports suggested that Brexit-linked congestion at rival ports could provide further opportunities.