Liverpool-based property and development company Legacie has purchased a Duke Street apartment scheme from Grainger plc for an undisclosed sum.

The building, previously known as Spectrum, was constructed in 2008 and will be renamed ‘The Mercantile’ by Legacie to reflect the rich trading history of the Duke Street Conservation area.

After completing the acquisition, Legacie is committing to a £5m refurbishment of the building which will include all 32 apartments and four penthouses – each of which will feature jacuzzis on the terrace (pictured).

Legacie will also redesign the central atrium to include communal breakout areas, with a 12-month projected build time. The firm is offering five apprenticeships to coincide with the scheme and estimates a further 30 construction jobs will be created.

The Mercantile is within five minutes walking distance of Liverpool ONE and the Ropewalks district as well as popular amenities such as Duke St. Market.

International sales agent, RWinvest, has partnered to promote the scheme while Legacie Contracts will handle the construction element.

John Morley, CEO of Legacie, says: “Legacie is delighted to complete a deal for Duke Street Residential with Grainger plc.

“We are committed to refurbishing the building to the highest standards, including the full redesign of the central atrium to offer modern, comfortable and luxury living space.

“It has been an exciting start to 2024 for Legacie and this deal further underlines our commitment to Liverpool city centre.

“I am pleased Legacie has once more stepped forward to deliver on a site which has real potential while providing a further economic boost in the area.”

Michael Gledhill, director at RWinvest, adds: “We are excited to bring further luxury homes to an exciting area of Liverpool city centre which is experiencing an unprecedented amount of growth.

“We are committed to promoting the city and I am delighted to work once more with Legacie as we offer both luxury living and new jobs for local people.”

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