US buyer for Josephine Butler site

US-based NCH Capital has completed its maiden UK investment after buying the Josephine Butler site in Liverpool from Maghull Developments for a reported £4.2m.

It plans to build a 345-bed student scheme with 13,000 sq ft of commercial space, on the corner of Hope Street and Myrtle Street opposite the Philharmonic pub, after plans were approved earlier in the year.

The land is currently used for car parking following the demolition of Josephine Butler House, a former 19th century hospital, in 2009.

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