The National Mezzanine Fund invested into part of a £2m deal, in collaboration with Lloyds Bank Commercial Banking, to further strengthen Irwell Chambers Estates national portfolio.
The investment given will enable the extension of Irwell Chambers, a housing block in the heart of Liverpool, adding a further 20 residential homes to the roof of the existing apartment building. The two-floor extension will include two duplex penthouses spanning two storeys and all apartments will offer much needed housing within the heart of Liverpool city. The new roof development will see the total number of apartments in Irwell Chambers rise to 82 and hopes to complete by the end of 2018.
Rodger Danks, Irwell Chambers property developer, said:
“This new roof-top extension will provide Liverpool with further affordable, high-quality residential apartments. We have already undertaken several property development projects around the UK and with this new investment from FDC and Lloyds Bank we can prepare for the next exciting chapter of Irwell Chambers and the Liverpool region. Since the basement renovation in 2015, Irwell Chambers has delivered a strong financial performance and we are committed to increase housing for the Northwest and in particular Liverpool”.