Beetham has sold a gateway site bordering the King Edward Triangle in Liverpool to KEIE Limited – the TJ Morris subsidiary with whom it is working to deliver the 8-acre waterfront scheme.
The 0.21-acre plot, which sits on the corner of Greenock Street and Waterloo Road, is currently a single-storey office and warehouse.
Liverpool City Council had previously resolved to grant planning consent for a 16-storey apartment scheme on the site, but the development partners intend to include it within the wider King Edward Triangle project.
Hugh Frost of Beetham said: “It was never my desire to develop this site in isolation, but always my hope that it would be the catalyst for our shared ambition to transform King Edward Triangle into a scheme befitting its location. We’ve had a few frustrations along the way as we’ve sought to put the key pieces in place, but with TJ Morris’s investment our vision is now able to become a reality. This latest acquisition will be integral to the emerging masterplan.”
Dave Little, director at KEIE, added: “Our ambition is for the site to host a 35-storey tower as part of a wider cluster of high-quality tall buildings that will define this end of the development. The scope is there to offer the market stunning waterfront views and architecture that reinforce the development’s place as Liverpool’s prime city centre residential address.”
Plans for the ambitious mixed-use project are moving forward at pace after the partnership acquired the King Edward Industrial Estate from Peel earlier this month following the lifting of a covenant on the site by Liverpool City Council.
Beetham Rockmount (Waterloo Road) Limited – a joint venture between Hugh Frost and Simon Kinsella – was the vendor for this latest transaction and was advised by Glenville Walker. TJ Morris’s in-house counsel advised KEIE Limited.
