An innovative construction scheme is set to breathe new life into an area of Liverpool long overdue for regeneration that will help to reinvigorate the region and potentially boost its economic standing within the city.
Sigma, which is a private rented sector Construction specialist, has secured £39 million in funding to begin a scheme that will allow for the regeneration of an area that stands adjacent to Lime Street Station. The company has teamed up with ISG as its Main Contractor, with Neptune Developments Limited working to oversee construction.
Plans include the construction of a 28,000 square foot retail and leisure park, which will include a Premier Inn hotel with over one hundred beds and student accommodation housing more than 400 students. Building will begin at the end of 2016.
Chief Executive of Sigma, Graham Barnet, showed his happiness with the project finally going ahead after the company had achieved initial planning permission back in April 2015. Mr Barnet said:
“I am delighted to announce that we have secured funding for this major redevelopment in the heart of Liverpool, next to Lime Street Station, and would like to thank our partner, Neptune Developments, for all their efforts in managing the development aspects of the project on behalf of our partnership.
“The scheme forms part of the regeneration of the Lime Street and Knowledge Quarter areas, a project which is seen as a flagship development for the City.
“Together with our partner, Neptune Developments, we are delighted to help realise another objective in Liverpool City Council’s broader regeneration aims.”
Managing Director of Neptune Developments, Steve Parry, continued:
“We are very pleased to commence the redevelopment of the area around Lime Street Station.
“The scheme forms the first phase of our Knowledge Quarter project and will have a major impact on the gateway to Liverpool City Centre.
“We are aiming to bring exciting new retail and leisure operators to the area and we are already making good progress in negotiations with a number of parties.”
C-Link is delighted to see this redevelopment go ahead and we eagerly anticipate the results from all of the hard work that Sigma, ISG and Neptune will put into the scheme over the coming years.
If you are a Specialist Contractor who hopes to secure similar work, head to www.c-link.com today. Our Procurement platform is host to many Professionals looking to secure Specialists for a wide array of work.
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