Maslow Capital provided a €24 million loan to leading Liverpool property developer, Nexus Residential to deliver its new Baltic Triangle eco-apartment scheme.
The multimillion-pound facility will help complete the construction of Central Park – a 174-unit development on the edge of the city centre.
The funding deal is the third Nexus Residential has completed with Maslow, with One Baltic Square (the adjacent development) recently completed and Merchant’s Wharf in Salford now nearing practical completion. This latest facility brings the total funding provided across all three projects to €72 million.
The €44.64 million Central Park scheme, due to be completed in late 2025, includes a mixture of one, two and three-bedroom apartments with a five-star hotel-style reception and concierge, as well as a private roof terrace with spectacular views of Liverpool’s Anglican Cathedral.
The development will also include cycle storage, secure underground car parking and a gymnasium for residents, while €1.2 million has been invested into an adjoining public piazza with arches inspired by the iconic Royal Albert Dock. The development will also lead to the resurfacing and reopening of Brassey Street.
Central Park has been designed with sustainability at the forefront. The development is set to include state-of-the-art eco-friendly features such as solar panels, electric vehicle chargers, heat recovery systems, LED lighting and air source heat pumps, with Nexus set to deliver a centralised residential island.
Legacie is the main construction company who will deliver Central Park. Legacie has previously led on several eco-installations at sites such as Reliance House and Element – The Quarter in Liverpool.
Deal Team:
Sky Mapson
Rachael Gordon
Joe Beck
Sky Mapson, Senior Director, Development Origination at Maslow Capital said: “This transaction underscores our commitment to building long-term relationships with innovative developers who make a significant positive impact on the supply of housing. We are pleased to partner with Nexus Residential once again, drawing on our extensive experience in the asset class, reliability, and comprehensive knowledge of Liverpool’s housing market to provide the funding needed to advance this project. This project marks a transformative moment for the city’s residential sector, and we are delighted to be a part of it”.
Rachael Gordon, Head of Deal Execution (UK and Europe) at Maslow Capital said: “Finalising this complex transaction marks another milestone in our successful collaboration with Nexus Residential. This project stands out for its innovative approach to urban living, combining modern amenities with sustainable features that cater to the needs of today’s residents. We look forward to seeing its completion and the positive impact it will have on the local area.”
