Investar Property Group Announce £95m Liverpool Plans
Investar Property Group has revealed ambitious plans to put £95m towards building almost 850 homes in Liverpool by 2020.
The initiative spans five developments, the largest of which is Fabric Village. A joint venture with YPG Developments, the scheme launched earlier this year and will comprise 449 apartments, an onsite gym and rooftop gardens. Construction is being carried out in three phases and is expected to complete in Q1 2020.
Elsewhere, the company is also working on Kings Dock Mill; a £25m co-development with YPG Developments which will include 204 homes on Hurst Street. Investar has also committed £5m towards Fontenoy, which will offer 46 apartments across 14 floors near the University of Liverpool campus.
Tobacco Wharf is Investar’s first waterside scheme, with the £8m project a mixture of 67 one- and two-bedroom apartments. Halifax House involved the restoration of the former headquarters of the Union Bank of the British Empire at a cost of £4m. Chief executive Michael Dong said:
“It’s great to bring a variety of different homes to Liverpool’s extremely buoyant property market, and help meet the huge demand for new homes in the area.”
“Following the success of our first development, Halifax House, we saw the need for high quality, modern homes which put people at the heart of thriving cities, such as Liverpool. This is a primary reason we’ve invested heavily in the burgeoning Liverpool market and we look forward to bringing all of our schemes to fruition for local residents and investors alike.”
Visit the Investar Property Group website here.