Deal completed to rescue Liverpool docks development project
Business advisory firm Quantuma has completed on a restructuring deal for the Herculaneum Quay refurbishment project, following the administration of its developer, Herculaneumco Limited, last year.
The restructuring and refinancing deal safeguards the development, a project to build 119 luxury apartments over 16-storeys on the banks of the Mersey.
The deal transfers the long leasehold into a new Special Purpose Vehicle (SPV) controlled by the original investors, allowing them to appoint new developers to complete the project, w... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...