Work wraps on £50m Baltic Triangle resi

Main contractor Legacie Contracts has completed Nexus Residential’s 296-apartment complex in the trendy Liverpool neighbourhood.

It has been quite the journey for the One Baltic Square project, which was originally being developed by a YPG Developments vehicle that went bust in 2021. Nexus picked up the project later that year, bringing Legacie on board to finish up the build.

One Baltic Square comprises a series of one-, two-, and three-bedroom apartments – all of which were sold off-plan by RW Invest.

The complex also includes a series of commercial units, three of which are being taken by RW Invest. The agency said that the new offices represent a £1m investment.

Other commercial units are still available and are deemed suitable for coffee shops, restaurants, or office spaces, according to the developer.

Residents and occupiers of One Baltic Square will be able to take advantage of a piazza of open space with glass sculptures that pay homage to the site’s history as a bottling facility for Cains Brewery. The entire scheme has a GDV of £50m.

Michael Gledhill, chief executive of Nexus Residential, described One Baltic Square as the company’s “standout residential development in Liverpool”.

“We are proud to help create a new urban village in the heart of Liverpool offering luxury accommodation and practical facilities, as well as a prime location,” he continued.

“It is fantastic to see the project complete, with the construction team now pressing ahead on our next development, Central Park, which is located adjacent to One Baltic Square.”

One Baltic Square and Central Park have both been boosted by investment from Maslow Capital, with the financier contributing £19.5m into One Baltic Square and £20m into the £35m Central Park.