£39m regeneration scheme gets funding deal boost

REGENERATION and private rented sector specialist Sigma has secured funding for its £39m scheme near Lime Street Station in Liverpool city centre.

The deal has been secured with Curlew Student Trust, a new funding partner for the scheme, which will comprise 28,000sq ft of shops and leisure units, a 101-bedroom hotel, pre-let to Premier Inn and a 412-bed building for students.

The scheme is part of listed Sigma’s long standing partnership with Liverpool City Council, Regeneration Liverpool.

Specialist student accommodation provider Unite Students has also been granted permission to create 1,078 student homes in the area at a cost of £70m.

Sigma’s commercial development partner, Neptune Developments, will start construction before the end of the year, with planning permission having already been obtained in August 2015.
 
Graham Barnet, chief executive of Sigma, said:”I am delighted to announce that we have secured funding for this major redevelopment in the heart of Liverpool, next to Lime Street Station, and would like to thank our partner, Neptune Developments, for all their efforts in managing the development aspects of the project on behalf of our partnership.

“The scheme forms part of the regeneration of the Lime Street and Knowledge Quarter areas, a project which is seen as a flagship development for the city.
 
“Together with our partner, Neptune Developments, we are delighted to help realise another objective in Liverpool City Council’s broader regeneration aims.”

Steve Parry, managing director of Neptune Developments, said: “We are very pleased to commence the redevelopment of the area around Lime Street Station.

“The scheme forms the first phase of our Knowledge Quarter project and will have a major impact on the gateway to Liverpool city centre. We are aiming to bring exciting new retail and leisure operators to the area and we are already making good progress in negotiations with a number of parties.”

“We very much look forward to realising our efforts and creating a vibrant new neighbourhood in Liverpool.”

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