Major UK city skyline transformed by incredible £90m infrastructure project

An award-winning construction firm has completed a £90 million home-building project which has transformed a city skyline – and is now bringing in £1 million in council tax and business rates.

A swish 500-apartment project built on former wasteland in Liverpool is now fully occupied by residents and was recently voted one of Britain’s coolest neighbourhoods.

Merseyside property developer Legacie used a derelict site on the edge of the city’s Baltic Triangle to build four blocks, ranging between eight and 18 storeys.

The first and highest residential block in the multi-million pound scheme is topped with a gymnasium, rooftop spa and residents lounge with stunning views of Liverpool, Wirral and North Wales.

The mix of one, two and three-bedroom apartments come furnished with a variety of modern amenities.

Parliament Square, which has won a string of national awards, also includes a public plaza surrounded by new shops and restaurants totalling 12,000 square ft.

Legacie received a £45m funding injection from London-based Maslow Capital to kick-start the development while it was promoted by international sales agent RW Invest, who successfully pre-sold all the new homes off-plan.

Legacie CEO John Morley said: “We are proud to have built a thriving new community at Parliament Square that is now generating an annual income in council tax and business rates for the city.

“In 2019, this was a site in need of significant investment and urgent regeneration and I am incredibly proud that we’ve been able to deliver this as well as develop something that offers prestigious living.

“Every single apartment at Parliament Square has been snapped up and this is testament to the quality of our product and the investment that has gone into bringing this scheme to life.

“Reaching practical completion is a landmark moment for Legacie and underlines our commitment to developing standout commercial and residential projects.”

Parliament Square will soon welcome new restaurants and a national supermarket brand as tenants. It also supports over 200 staff based in the ground-floor Grade A office space.