Sigma Capital launches £39m Liverpool regeneration scheme

Property developer Sigma Capital has launched a £39m regeneration scheme in Liverpool, as part of a long standing relationship with the city’s council.

Funding for the regeneration scheme close to Lime Street Station, in the city centre, was secured with Curlew Student Trust, to build 28,000 square feet of retail and leisure units, including a 101 bedroom hotel, which is pre-let to Premier Inn, and a 412 bedroom student accommodation.

Neptune Developments, the company’s commercial development partner, is due to start construction before the end of the year as planning permission was already obtained in August 2015.

Sigma chief executive Graham Barnet said: “The scheme forms part of the regeneration of the Lime Street and Knowledge Quarter areas, a project which is seen as a flagship development for the City.

“Together with our partner, Neptune Developments, we are delighted to help realise another objective in Liverpool City Council's broader regeneration aims."

Steve Parry, managing director of Neptune Developments, added: “We are aiming to bring exciting new retail and leisure operators to the area and we are already making good progress in negotiations with a number of parties.”

Shares in Sigma Capital were up 0.62% to 72.45p at 0839 BST.