Administrators seek quick sale for Columbus Quay
THE newly-appointed administrators to the company responsible for developing apartments on the Columbus Quay site on Liverpool’s waterfront have said they will seek a quick sale to kick-start work on the site.
Steven Muncaster, one of the joint administrators appointed to Herculaneum Developments, acknowledged that the site had been “dormant for a few years” with negotiations by its previous owner and its banks on a solvent sale eventually proving impossible to resolve.
It was appointed by Lloyds Banking Group on June 20, and said that after securing and insuring the site, its next priority was to talk to all interested parties – including those who may have previously shown an interest in completing the scheme.
“We want to see if we can gain a quick sale for the site,” said Muncaster. He argued that the interest that had previously been shown in the scheme and its prominent waterfront location meant he was confident that a deal could be done.
Columbus Quay was initially envisaged as a 14-storey block containing 100 luxury residential apartments at Herculaneum Quay in Liverpool, offering views across the Mersey river.
Work started on the site in 2006 but stopped again in late 2007 in the run-up to the administration of its Preston-based contractor. Since then, there has been no progress at the site, where around five floors of steelwork and foundations are in place.
