Prominent North West developer and construction company Legacie Developments has paid back over £5 million in rental payments to investors in the business.

The company says the figure, which represents significant returns paid back to domestic and international investors in its residential development projects over the last four years, is a “major milestone” and sets it apart as one of the most “lucrative, exciting and trusted property development companies in the UK”.

Legacie, which recently announced a £40m residential scheme at Salford Quays, was founded by John Morley in 2016 and has delivered multiple residential projects in the region including Liverpool’s Ropemaker Place apartment scheme, the renovation of the historic ‘Dale Street shops’ and the redevelopment of Reliance House in the city’s commercial district.

Work on Legacie’s £90m Parliament Square development within the Baltic Triangle (CGI pictured) is at an advanced stage and the first phase of the four-block, 500 apartment residential and retail scheme is due to open in summer 2021.

John Morley, managing director of Legacie, says: “We are building a reputation as one of the most reliable property developers in the country and our investors are benefiting from the trust they’ve placed in us.

“I am proud that we have hit the landmark £5m figure. It is great news for our investors but it is also good news for the property development sector in the entire region as it instils trust in the sector and in companies that deliver. I think that is important right now especially at a time of economic uncertainty.”

Colin Croxton, lettings manager at Legacie, adds: “This is a remarkable achievement that everyone at Legacie is proud of.

“We have worked tirelessly for our investors ever since the company started back in 2016. Our hands-on approach has meant we have developed a great relationship with investors.

“So much so, 99% of investors who have bought with us, stick with us. The company is developing a reputation for reliability and quality and investors are telling us that they are incredibly happy with the returns they are seeing.”

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