Investors step in to take control of Elliot’s £70m Liverpool hotel

A consortium of investors has exchanged contracts on the stalled 306-bedroom hotel project on Norfolk Street.  Last year, receiver David Currie & Co was brought in to sell the 16-storey Baltic Triangle building on behalf of charge holder Virtuoso Investments, a company based in the Seychelles that had invested in the scheme.  In March, administrators HBG Insolvency were drafted in to speed up the sale process.  Now, a group of investors has taken control of the £70m project and intends to build it out.  “When my schemes were placed in administration I made a promise that I…

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Everton secures £45m from Liverpool City Region

Divvied up between a £15m grant and £30m loan, the funds will support the creation of the new stadium at Bramley-Moore Dock and improvements to the surrounding area. At a meeting on Friday, Liverpool City Region Combined Authority voted to approve the funding proposal. The authority said the stadium project would act as a catalyst for “transformational regeneration” of north docks and the area around Goodison Park, where the team’s current stadium sits. According to Everton FC, the £500m project will boost the city region’s economy by more than £1bn and…

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Graham starts work on Blackpool’s Houndshill expansion

Ground has been broken by the contractor at the Tower Street car park to mark the start of the shopping centre’s phase two extension. Graham’s start on site was enabled by three deals signed in February: the council’s acquisition of the car park, a lease agreement for a new 22,500 sq ft Wilko store and a deal with MMC Cinemas for a nine-screen, 40,500 sq ft multimedia cinema complex. The overall scheme has been facilitated by £5m of funding from the Government’s Covid-19 Getting Building Fund, following formal approval by…

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