Vermont completes £100m Liverpool tower
Formerly known as Aura, the True Student building boasts 999 flats across 15-storeys in the midst of the city’s Knowledge Quarter.
True Student was designed by Falconer Chester Hall and includes a variety of amenities, including a gym, sky lounge, cinema room and café. The student accommodation hall was completed in phase, with the first 563 flats completing in September last year. Work on the remaining 436 apartments finished this month.
The building has had a troubled past, with construction stopping in 2020 after original developer Elliot Group went into administration. When that happened, 450 of the project’s investors joined forces to take over the scheme.
Known as Aura Investors, the group bought the site from administrator David Rubin & Partners in October 2020. The investors then recruited the professional team of Blacklight Capital to secure the funding for the development and arrange for main contractor Vermont to finish the build.
“Despite the obvious challenges, Vermont committed to finishing the project with the investors,” said Mark Connor, the construction firm’s chief executive.
“It is a testament to the determination and pragmatism of all of the various stakeholders that we have been able to ensure the scheme could be completed as originally envisaged,” he continued.
“This is, without doubt, the biggest challenge we’ve faced since we established Vermont back in 2004, both in terms of the project’s scale and complexity. This, combined with a complete redesign of the ground floor following recommencement, was always going to be a massive test for the team, but one we were confident we could deliver – and we did.”
Connor added that True Student was “a fantastic advert for what our team at Vermont can deliver”.