Nexus Residential and Legacie Developments have secured an £11 million funding package for Element – The Quarter, a major new eco-development.

The £45m apartment scheme on Low Hill, which sits just north of the city centre, boasts a range of eco-friendly features and low-carbon technologies, including solar panels, e-car charging points, air-source heat pumps, rainwater recycling system and a smart system to reduce electricity consumption.

A joint venture between Liverpool-based Nexus and Legacie, the partners have pledged to plant almost 50,000 trees in the Amazon Rainforest as part of their commitment to a sustainable future for  the construction industry.

RWinvest has led an international sales drive on the project which comprises 316 residential apartments plus purpose-built accommodation for 141 students and commercial units.

Manchester-based specialist lender, Together, has provided a development facility for Element. The latest funding comes after Nexus and Legacie announced a multi-million pound funding facility with the finance group in June for its City Residence – Apartments project in North Liverpool.

John Morley, CEO of Legacie Developments, says: “It is fantastic to be working with Together again on another major development. The funding deal will help unlock further local jobs and training opportunities for young people.

“Their investment will help us bring to life an eco-development which Liverpool can be proud of.

“Not only that, attracting major inward investment is also great news for the city’s property and construction sector as it bounces back from COVID-19.”

Michael Gledhill, managing director of Nexus Residential, adds: “Having a large institutional funder like Together backing another of our developments is a major vote of confidence. Works are progressing well on site, and we are excited to deliver 100s of quality new homes in Element next year.”#

The Element’s first apartments are set to be delivered in early 2023.

Related posts:

Plans announced for Liverpool’s first ‘major eco-friendly residential development’ Investment firm to plant 100 trees in Amazon rainforest for every apartment sold at new Liverpool development Buyers snap up apartments at Liverpool’s £90m Parliament Square scheme Liverpool-based developers secure £10m funding package for new apartment scheme Legacie aims to attract ‘restaurants and boutique shops’ to Baltic scheme Legacie hits construction milestone at £90m Parliament Square development