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Liverpool Echo
Liverpool Echo
National
Tom Duffy

'Significant shortfall' at apartment scheme where investors are owed millions

Echo

A report has predicted multi-million pound losses at a property company behind a controversial development in north Liverpool.

Last year the ECHO revealed 186 investors put down deposits in The Tannery scheme in Vauxhall. The scheme, which involved plans for 377 apartments at the Bevington Bush site was not built.

Development company The Tannery Liverpool Ltd, later entered into receivership and then liquidation. Now an update report by liquidators Cowgills has revealed that significant losses are likely.

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