Situated on The Strand, the scheme will feature 163 one-bed apartments, 187 two-bed apartments and 45 three-bed apartments, offering stunning views across the River Mersey, Albert Dock and the city centre.
GRAHAM was selected as contractor of choice by Patten Properties and Panacea Property Development, the joint venture behind the scheme. Forward funding has been provided by Invesco Real Estate, the global real estate investment manager.
The 16-storey development will include a private gym and roof terrace, alongside 1,000 sq ft of ground floor commercial office space. The current building on the site – the four-storey Strand House – will be demolished at the end of February 2018.
Gary Hughes, GRAHAM regional director, said: “This is a high quality residential development specifically designed to grace the Liverpool waterfront and we are proud to have been selected as preferred contractor to make it a reality.
“Panacea saw great value in involving GRAHAM at the pre-construction stage, trusting us to advise on design development, the most effective and efficient construction methodologies, site logistics and supply chain solutions.
“GRAHAM has built a strong reputation for advising clients at business case stage and subsequently delivering first-rate residential schemes. We look forward to doing the same here for Panacea and starting on site at the end of February with the demolition of the existing building. We also look forward to working with the local supply chain and to engaging with the Merseyside construction industry apprenticeship schemes.”
Designed by Leach Rhodes Walker architects, the building will be constructed around a concrete frame structure, with off-site podded bathrooms and system façade designed to withstand inclement riverside weather conditions.
Neil Patten, Managing Director of Patten Properties and Panacea Property Development, said: “The scale and location of this development in such a prominent location deserves the best investment, management and delivery partners. After a long process we are delighted to announce our forward funding deal with Invesco.
“We have owned the site for a long time and worked very closely with Liverpool City Council to ensure that our plans for this important scheme were in line with their own high aspirations for the site and the wider area.
“The development we have designed within the city’s historic waterfront will set a new standard for residential accommodation in Liverpool. We look forward to delivering the scheme with our chosen contractor, GRAHAM Construction, alongside our professional team including Leach Rhodes Walker, Capita and Curtins.”
GRAHAM Construction is an expert in large-scale residential developments, delivering a number of Build-to-Rent (BTR), student accommodation and hotel projects across the UK.
These include four BTR developments in Manchester – Erie Basin and Ellesmere Street with Glenbrook, and Murrays’ Mills and Weavers Quay with Manchester Life – Kensington & Park Terrace for Newcastle University, Deaconess House in Edinburgh and the £81m, 1,400-bed Peel Park Campus for the University of Salford.