Foreign investors snap up flats at luxury Liverpool scheme
Almost half of the flats at a high-profile Liverpool scheme have been bought by foreign investors.
Forty per cent of the luxury apartments at Parliament Square in Baltic Wharf are from Australia, the Middle East and Singapore.
The £90 million project will see the construction of 500 apartments across four blocks as well as a public plaza comprising of shops and restaurants.
The scheme has proven to be Legacie’s fastest selling scheme to date with investors benefiting from having a team that has developed many successful schemes in the city centre, including Hotel Indigo and Days Inn Hotel.
The thriving developer says that it will be the first residential development in Liverpool where every tenant can enjoy premium services that would usually be available at luxury hotels.
Having been approved by Liverpool City Council in September 2018, the plans have been attracting buyers from the Far East, Middle East and beyond.
The sales have come in the face of negative publicity around other stalled developments in Liverpool.
Parliament Square
The developer has also released impressive images of the plans, showcasing the size and scale of the scheme and how it will transform Greenland Street on the edge of Liverpool city centre.
The new scheme includes rooftop views, high-spec interiors and a luxury rooftop spa which will be available to residents.
Prices for the one, two and three-bedroom apartments will start at £94,000.
John Morley, founder of Legacie Developments, said: “There’s been some negativity surrounding development schemes in Liverpool recently, yet despite this, the city remains an exciting prospect for foreign purchasers.
“There are various schemes being built in the city due to its high rental demand and returns, with Legacie at the forefront of the regeneration.
“Parliament Square has attracted interest from an array of international buyers who are all keen to be part of the redevelopment of an up-and-coming area of Liverpool and the evolving story that is the Baltic Triangle.
“With 40% of the development purchased from overseas, it’s clear they want to be part of writing the city’s next economic chapter – one that recent reports have shown will be a very exciting one.”
