Jump to content
House Price Crash Forum
Sign in to follow this  
Nil Crede

Liverpool: £50m Baltic Triangle Development Hit By Housing Market Dip

Recommended Posts


£50m Baltic Triangle development hit by housing market dip

Jul 24 2008 David Bartlett

A CITY centre development site untouched for two years is likely to remain semi-derelict because of the fall in property prices.

The luxury £50m Baltic Triangle residential scheme on the key Wapping approach to the city centre was halted after a wrangle between Windsor Developments and builder Laing O’Rourke.

Administrators have been trying to market the Windsor Developments Liverpool site since March 2007.

But the fall in property values since the credit crunch meant it failed to attract any acceptable offers despite a marketing campaign targeting 800 developers to re-start work at the Hurst Street site.

The development was originally valued at £48m, but is now believed to be worth only around £10m.

Documents at Companies House show the scheme collapsed owing £25.5m to Barclays and £19.8m to Laing.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 399 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.