Maslow Capital was delighted to support leading property developer Legacie with a £93.5 million funding deal to bring forward The Gateway, a new residential development in the heart of Liverpool.
The funding package, provided by Maslow Capital, will enable Legacie to progress with the development, which is poised to be a key part of Liverpool’s ongoing regeneration efforts. The Gateway is set to become one of the largest private residential schemes in Liverpool’s residential market and is expected to play a pivotal role in transforming the Pumpfields area into a vibrant, thriving residential community.
The project, which will bring in over £1million per year in council tax receipts, will see the construction of 656 high-quality residential units, marking a major contribution to the growing demand for housing in the city.
In addition to delivering much-needed housing, the development will feature extensive green spaces accessible to the public, commercial units on the ground floor, and a wide array of amenities for residents, including a ‘Garden Spa’ with a swimming pool, fully fitted gymnasium, residents’ lounge, cinema, podcast booths, and private dining areas. This combination of residential and commercial elements is expected to invigorate the local economy, creating thousands of jobs during construction and providing long-term economic benefits as residents contribute to the local economy through council tax and spending in the area.
The Gateway, which is already 90% sold out through RWinvest, is a testament to the strong demand for high-quality residential spaces in Liverpool. It will be a landmark addition to Liverpool’s skyline, transforming a key arterial route into the city into a dynamic new urban destination.
Maslow Deal Team:
James Henry
Gili Cohen
James Henry, Director of Origination at Maslow Capital, commented:
“Maslow Capital has a well-established track record of supporting high-quality living sector assets in the North West, and our £93.5 million financing to develop an additional 656 residential units is another significant contribution to the supply of housing in the region. We are delighted to be working with Legacie Developments on this exciting scheme, continuing our long-standing funding partnership between our organisations. Having previously supported Legacie across multiple projects in the region, the Maslow Capital team looks forward to continuing this relationship and seeing this scheme come to life throughout the construction period.”
Michael Gledhill, Director at RWinvest, added:
“We’re excited to see this game-changing development take shape in Liverpool. The Gateway is not only one of the largest private investments into the city’s residential market, but it will also create hundreds of jobs during the construction process and in the long-term with residents contributing to the local economy.
“The regeneration of Pumpfields will bring long-term benefits to the area, from increased local services and amenities to the positive impact of council tax contributions from new residents. It would be great if Liverpool City Council’s planning and regeneration departments continue to be supportive and efficient, helping to ensure that such an ambitious project runs smoothly and quickly. This is truly a transformational development for the city.”