Maslow Capital backs 174-home Liverpool scheme

Liverpool-based property developer Nexus Residential has secured a £20m loan from Maslow Capital to deliver its Central Park residential scheme. The 174-home development on the edge of Liverpool city centre comprises a mixture of one-, two- and three-bedroom flats with a hotel-style reception and concierge, as well as a private roof terrace. The scheme, which has a gross development value of £37.2m, will also include cycle storage, underground car parking and a gym, while £1m has been invested into an adjoining public piazza, with arches inspired by the city’s Royal Albert Dock. Central Park sits within the Baltic Triangle district, an area characterised as a creative area of Liverpool. It is home to more than 500 businesses, with Boxpark being the most recent addition.  Michael Gledhill, managing director at Nexus Residential, said: “Central Park will help bring homes to the city. We are on-site and working at pace to help deliver another development the city can be proud of.” Sky Mapson, senior director of development origination at Maslow Capital, said: “This transaction underscores our commitment to building long-term relationships with developers who make a positive impact on the supply of housing.” Legacie Developments is the main construction company set to deliver Central Park. Image © Studio RBA