Construction work on the £39 million regeneration of Lime Street is set to get underway before the end of the year.

The massive scheme will include a 101-bedroom Premier Inn hotel, 28,000 sq ft of retail and leisure space and a 412-bedroom student accommodation block.

Regeneration and private rented sector (PRS) firm Sigma, has secured funding for the scheme with Curlew Student Trust (Curlew).

Sigma’s commercial development partner, Neptune Developments, will commence construction before the end of the year, with planning permission having already been obtained in August 2015.

Graham Barnet, chief executive of Sigma, says: “I’m delighted to announce that we have secured funding for this major redevelopment in the heart of Liverpool.

“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.”

Steve Parry, managing director of Neptune Developments, adds: “We are very pleased to commence the redevelopment of the area around Lime Street Station.

“The scheme 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.”

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