Developer celebrates record £25m of sales in just a month

Wolstenholme Square

Liverpool-based developer Elliot Group has announced its best-ever sales month as domestic and overseas investors bought 350 student bed units at just one scheme in its home city – its deals tally representing an investment of £25m.

The record sales, at the company’s Aura development adjacent to the new Royal hospital, comes as Elliot Group completes two other sold-out schemes in the city.

Elliot’s 109-apartment development on Falkner Street in the heart of the city’s Georgian Canning Conservation Area and the first two phases of its 445-unit Wolstenholme Square have both now been topped out by contractor Newry Construction and are being fitted out for tenant occupation.

“It’s about quality and a track record of delivery, pure and simple,” said Elliot Group director Elliot Lawless.

“The UK’s economic fundamentals remain strong and both domestic and overseas investors view Liverpool as offering that ideal combination of a healthy rental yield and good capital growth. We have dozens of investors that have backed us numerous times because they see that we deliver on time, to budget and with the quality that we promised.”

He went on: “Huge credit is due to our contractor and our professional team. I use the same team job-by-job and they work seamlessly together. Loyalty has been my key to delivery but it’s a missing ingredient elsewhere in the industry.

“Our partner at Experience Invest does an amazing job attracting investors both from home and overseas and remain critical to our operation. They have opened a source of competitively-priced finance that is hard for more established providers to beat.”

The Aura development, on the site of the former Erskine St Industrial Estate, will comprise 142 one and tw- bedroom apartments for rent, and 1007 student rooms and has been designed by the Liverpool studio of Falconer Chester Hall. WYG are the client agents and Clancy the structural engineers.

Click here to sign up to receive our new South West business news...
Close