A Liverpool developer has secured £60m funding to help deliver the redevelopment of a former mill in Liverpool city centre.
Heaps Rice Mill, situated on the edge of the Baltic Triangle, is the centre of £140m redevelopment plans which would see the site become home to 620 apartments and commercial space, with an underground spa also part of the vision. The project is being brought forward by Legacie Developments who started work on the site in December 2022.
The developers have now announced the project has been backed by £60m from the Merseyside Pension Fund. The encompassing project has a predicted gross development value of around £140m and it is aiming to create 200 jobs and training opportunities.