New lease of life for stalled Liverpool block

SKELMERSDALE-based Primesite Developments is planning to complete the stalled Columbus Quay scheme on Liverpool’s waterfront after buying the site.

Columbus Quay was initially envisaged as a 14-storey block containing 100 luxury residential apartments at Herculaneum Quay.

Work started in 2006 but stopped the following year when developer Herculaneum Developments went into administration owing the Bank of Scotland £6.6m. It left around five floors of steelwork and foundations in place.

An administrators’ report shows the site was sold to Plinian Developements for £450,000 in 2012 but must have changed hands again as Ascot Property Group said it had sold to Primesite in a “multi-million pound deal”.

According to a statement Primesite plans to increase the scale of the building to 22 storeys with 101 one, two and three-bed apartments.

It said: “Primesite is to begin development of the tower in the coming months and will go on to sell completed units. Apartment prices will range from £100,000 to £175,000 with discounts available for cash buyers.”