Market Leads & Opportunities
£40m forward funding for Liverpool housing scheme
The BMO UK Housing Fund has completed the acquisition of a major scheme in Liverpool city centre through a £40m forward funding agreement.The agreement will provide 258 new homes for the city and signals the first round of deployment for the fundOnce complete, the Hughes House scheme will comprise 144 one-bedroom apartments, 99 two-bedroom apartments and 15 studio apartments and will operate Home Group’s flexible rent leasing mechanism, which provides a mix of market rent and discounted rent units. Located on London Road, the project sits within the local regeneration and employment initiative known as the Knowledge Quarter & Fabric Quarter. These are offering wider community and built environment improvements with good access to outdoor pursuits and open green spaces. Home Group Developments sourced the development and is the main developer working with UK Land and Property and Equans, part of ENGIE Group, to build out the scheme. Allsop also supported the transaction and CBRE are the valuers.
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