“Coronavirus stuns the market!”
LIVERPOOL RESIDENTIAL UPDATE QUARTER 1 2020
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City Residential
City Residential is Liverpool’s award winning, premier residential agent specialising in city living in Liverpool and across the Northwest. In addition to having one of the largest residential teams in Liverpool we are also recognised as one of the leading northwest residential specialists with our consultancy services respected throughout the industry. Operating from Liverpool’s most prominent and modern showroom we offer a full range of residential services across the Merseyside and Greater Manchester regions: • Sales • New Build Sales/advice/consultancy • Lettings/Management • BTR (Build to Rent) advice/consultancy and management • Bulk Deals & Investment Properties • Land/Development sales and acquisitions
For further information contact Alan Bevan on 0151 231 6100 or 07970 498187 [email protected] www.cityresidential.co.uk
RESIDENTIAL SALES
The effect the coronavirus Covid 19 has had/will have on the market
Market Activity The activity in sales market in the city was always going to slow down dramatically when on 23 rd March Boris Johnson ordered all non-essential shops/business (including estate/letting agents) to close down as part of his overall UK lockdown. Despite this announcement there was a hope/belief that the market could continue to operate remotely which is something we have logically decided to do. The government’s announcement/further guidance a couple of days later effectively “slammed the brakes” on all market activity. They made it very clear that people should delay any moves until the lockdown/crisis is over and that any new sales/viewing activity should stop. Although the government appeared slightly more relaxed over empty properties it became obvious very quickly that even deals where there we no chain/unoccupied properties that getting the transaction completed would prove extremely difficult.
In the four weeks since the lockdown we have seen activity levels drop off substantially as you would expect. Although we have the ability to offer virtual/video viewings it is very difficult for potential viewers to fully appreciate a property’s pros/cons without an actual physical viewing. On a positive note we are still getting a steady flow of interest from potential buyers and are agreeing sales. The existing sale pipeline has actually held together better than we would have hoped and whilst some solicitors/conveyancers are happy to progress the legals some are not. Logically nobody is exchanging contracts on sales until they have further clarity on when they will be able to complete and move in.
Supply/demand Although we will discuss the challenges of the rental sector later in the report there is no doubt that the challenges faced will encourage many landlords to sell up at some point over the coming months/years. This will logically have an effect on increasing the supply of “investment” style property. We don’t believe that there will be a substantial increase in owner occupiers selling unless their own potential financial situation has deteriorated due the crisis. The one positive note on supply is that the crisis will probably reduce the amount of stock that will get delivered through new developments in the city over the coming months/years as these schemes become non-viable.
There will be an impact on demand from the crisis, not just in the short term. It is likely that some investors/owner occupier’s personal financial situations may well be hit which is likely to inhibit their willingness/ability to buy property. The availability of finance (discussed later) particularly at higher LTV rates has already been hit and may never get back to the level seen recently, even with rock bottom base rates. Saying that there are still some very good deals in the market as long as the buyer has a substantial deposit. As highlighted, we are likely to see cash rich buyers enter the market looking for any bargains from distressed sellers. Overall though we expect the demand for city centre property to be driven by how the city will look once the crisis is well and truly over. Should the city recover strongly (bars, restaurants, theatres survive and prosper) then there will still be a good demand to live here.
Prices It is obviously too early into this crisis to predict what will happen to prices in the city centre. There is no doubt there will be sellers that are keen/more desperate to sell who will accept offers beneath what their property is genuinely worth. There will of course be some buyers who look to take advantage of the challenges to try and buy at discounted prices particularly from landlords who have been harder hit by the crisis than maybe owner occupiers.
Our overall feeling at present is that we are likely to see a softening in prices from those buyers who wish/need to sell especially if they are looking to complete a purchase by the end of 2020. Logically with restrictions in marketing/viewing etc there are going to be less potential buyers until the crisis is formally over.
RESIDENTIAL SCHEMES for SALE 0151 231 6100 ------
PARK CENTRAL – LIVERPOOL WATERS
No of Apartments/houses: 129 Apartments
Type: 1 and 2 bed apartments
Address: Central Dock, Liverpool Waters, Liverpool
Prices From/To: From SOLD OUT
Showhome/apartment: To be announced shortly
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PERCY PLACE
No of Apartments/houses: 6 houses
Type: 4 bed houses
Address: Percy Street, Canning, Liverpool, L8 7SE
House Prices From : £464,950
Showhome/apartment: Via Appointment
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ALEXANDRA DRIVE
No of Apartments/houses: 14 apartments
Type: 1 and 2 bed apartments – conversion
Address: 28 Alexandra Drive. Liverpool, L17 8YE
Prices From: £124,950
Showhome/apartment: Via Appointment
------WIRRAL WATERS
No of Apartments/houses: 347 homes
Type: 2 and 3 bed townhouses
Address: Dock Road, Birkenheard/Wallasey, CH41 1DP
Prices From: TBC/register now
Showhome/sales office: Autumn 2020
ADVERTISEMENT Completions City Centre Prices and Completions from ZOOPLA Current average value £150,781 L1 Sales Price Paid Change 3 months 3 £107,766 £960 0.64% 6 months 38 £119,758 £2,215 1.49% 12 months 78 £122,898 £2,985 1.97% Current average value £165,178 L2 Sales Price Paid Change 3 months 3 £137,000 £1,490 0.91% 6 months 11 £126,995 £3,779 2.34% 12 months 32 £161,370 £4,123 2.78% Current average value £178,527 L3 Sales Price Paid Change 3 months 30 £148,498 £1,245 0.70% 6 months 80 £160,334 £2,736 1.56% 12 months 151 £159,960 £4,356 2.44% Current average value £168,598 CITY CENTRE Sales Price Paid Change 3 months 36 £144,146 £1,232 0.75% 6 months 129 £145,539 £2,910 1.80% 12 months 261 £149,057 £3,821 2.40%
The information above is taken from Zoopla sold house prices and whilst is accurately recorded may not actually represent all of the properties that have been registered during the quarter. The actual figure may be higher/lower than that shown as some sales are not always shown on Land Registry. The average pricing achieved may also be affected by low transaction levels
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RESIDENTIAL DEVELOPMENTS
FOR SALE/UNDER CONSTRUCTION
Kings Dock Mill Phase 2, Hurst Street, Baltic, L1 8DN Developer YPG Number of Apartments 204 Apartment Types 1,2 & 3 bed and townhouses Type of Sale Investor New Build/Conversion New Build Build Complete 2020 Comments/Updates Second phase of Kings Dock Mill scheme adjoining The Hilton in Baltic
ART Apartments, Tabley St, Baltic L1 2HB Developer Baltic Cool/LAGP Number of Apartments 55 Apartment Types 1 and 2 bed Type of Sale TBC New Build/Conversion New Build Build Complete 2020 Comments/Updates 11 Storey scheme on vacant land adjoining Kings Dock Mill phase 2.
60 Old Hall Street, Liverpool, L3 9PP Developer Signature Living Number of Apartments 115 Apartment Types 1 and 2 bed Type of Sale Investor New Build/Conversion Conversion Build Complete Part complete/2020 Comments/Updates Refurbishment of the “ugly duckling” into residential scheme
One Baltic Square , Grafton St, L1 0BS Developer YPG No of Apartments 301 Apartment Types Studios, 1, 2 and 3 bed Type of Sale Investor New Build/Conversion New Build Build Complete 2021 Comments/Updates Large 6/9 storey scheme close to Cain’s Brewery Village/Baltic Market
FOR SALE/UNDER CONSTRUCTION
Silkhouse Court, Tithebarn St, L2 2QW Developer Fortis/Signature Number of Apartments 193 Apartment Types Studio, 1, 2 and 3 bed Type of Sale Investor New Build/Conversion Conversion Build Complete 2020 Comments/Updates Conversion of Silkhouse Court with good views from upper floors.
Stanley Dock, Regent Road, Liverpool, L3 0AN Developer Harcourt Developments Number of Apartments 538 Apartment Types Studio, 1 and 2 bed Type of Sale TBC New Build/Conversion Conversion Build Complete 2020 onwards Comments/Updates Redevelopment of former Tobacco Warehouse at Stanley Dock.
Strand Plaza/Mersey House, The Strand, L2 7PX Developer Primesite Number of Apartments 122 Apartment Types 1, 2 and 3 bed Type of Sale Investor New Build/Conversion Conversion Build Complete Part complete/2020 Comments/Updates Conversion of former Mersey House overlooking The Strand/3 Graces.
Parliament Square , Great George St, L1 0BS Developer Legacie No of Apartments 505 Apartment Types Studios, 1, 2 and 3 bed Type of Sale TBC New Build/Conversion New Build Build Complete TBC Comments/Updates Large 12/18 storey mixed use scheme on corner of Baltic Triangle
FOR SALE/UNDER CONSTRUCTION
Clegg Street, Liverpool, L5 3LU Developer Caro No of Apartments 127 Apartment Types Investor Type of Sale TBC New Build/Conversion New Build Build Complete TBC Comments/Updates Adjoining Caro’s City Point student scheme just off St Anne’s Street
Baltic House, Norfolk Street, Baltic Triangle, L1 0BL Developer Crossfield Exclusive Dev Ltd Number of Apartments 126 Apartment Types 1, 2 and 3 bed Type of Sale Investor New Build/Conversion New Build/restart scheme
Build Complete 2020 Comments/Updates Stalled scheme bought by Crossfield Exclusive and back on site.
Parliament Residences (Phase 2), Baltic, L1 0AJ Developer AC Parl St 2 (Assetcorp) Number of Apartments 145 Apartment Types 1, 2 and 3 bed Type of Sale TBC New Build/Conversion New Build Build Complete 2020 Comments/Updates Residential scheme completing the block of residential in this location
Fabric District Residences , Liverpool, L3 8HA Developer YPG No of Apartments 208 Apartment Types Studio apartments Type of Sale Investor New Build/Conversion New Build Build Complete 2020 Comments/Updates Located on Devon Street and spread over 9 floors
FOR SALE/UNDER CONSTRUCTION
The Address, Ropewalks, L1 4JJ Developer Elliot Group Number of Apartments 200 Apartment Types Studio 1 and 2 beds Type of Sale Investor New Build/Conversion New Build Build Complete 2020 Comments/Updates Final part of the Wolstenholme Square residential development
Victoria House, James Street, Liverpool, L1 6BD Developer AR & V Investments Number of Apartments 63 Apartment Types Studios and 1 bed Type of Sale Investor New Build/Conversion Conversion Build Complete 2021 Comments/Updates Former stalled site purchased for a co living scheme
Park Central (Phase 2), Waterloo Rd, Liverpool Waters Developer Romal Capital Number of Apartments 129 Apartment Types 1 and 2 bed Type of Sale Investor/Owner Occupiers New Build/Conversion New Build Build Complete Autumn 2020 Comments/Updates 2nd Phase of this groundbreaking Liverpool Waters scheme
Herculaneum Quay, Riverside Drive, L3 4ED Developer Primesite Developments Number of Apartments 123 Apartment Types 1,2 and 3 bed Type of Sale Predominately Investor New Build/Conversion New Build Build Complete Back onsite post administration Comments/Updates Striking scheme in south Liverpool docks with views across the river
FOR SALE/UNDER CONSTRUCTION
Fabric Residence , Fabric District, Liverpool, L3 8HA Developer YPG No of Rooms 449 Apartment Types Studio, 1 and 2 bed Type of Sale Investor New Build/Conversion New Build Build Complete TBC Comments/Updates Previously consented student scheme now proposed residential
Norfolk House PH 3/EPIC, Baltic, L1 0AR Developer Elliot Group/EPIC Hotel Number of Apartments 306 bed hotel and apartments Apartment Types Hotel and apartments Type of Sale Investor New Build/Conversion New Build Build Complete 2021 Comments/Updates Final phase of a three phased scheme in the heart of Baltic Triangle.
St James Street, Baltic, L2 2HT Developer Crossfield/Torus Number of Apartments 56 apartments Apartment Types TBC Type of Sale RSL New Build/Conversion New Build Build Complete 2021 Comments/Updates Small turnkey scheme for Torus on the edge of Baltic Triangle.
RESIDENTIAL DEVELOPMENTS POTENTIAL/FUTURE SCHEMES
Heaps Mill, 1 Park Lane, Liverpool, L1 5EX Developer Valorem IP Number of Apartments 400 (amended scheme) Apartment Types Studio, 1, 2 and 3 bed Type of Sale TBC New Build/Conversion New Build & Conversion Build Complete TBC Comments/Updates Will probably be a mixed-use scheme including BTR blocks
POTENTIAL/FUTURE SCHEMES
Park Lane, 1 Park Lane, Liverpool, L1 5EX Developer Valorem IP Number of Apartments 90 (amended scheme) Apartment Types Studio, 1, 2 and 3 bed Type of Sale TBC New Build/Conversion New Build & Conversion Build Complete TBC Comments/Updates Recent amended application for a hotel together with 90 apartments
The Tannery, Gardeners Row, Liverpool, L3 6JH Developer Niveda Realty/Vinco Number of Apartments 381 Apartment Types Studio, 1 and 2 bed Type of Sale Investor New Build/Conversion New Build Build Complete TBC Comments/Updates Trio of buildings comprising 7, 9 and 15 storey towers.
Brewery Village (Cains), Baltic, L8 5XJ Developer Cains Brewery Village Number of Apartments 1400/1500 Apartment Types Studio, 1, 2 and 3 bed Type of Sale PRS or investors New Build/Conversion Predominately new build Build Complete TBC Comments/Updates £150/£200 million mixed use redevelopment of former Cain’s Brewery.
Hughes House, Liverpool, L3 8JE Developer Town Square Developments Number of Apartments 252 Apartment Types Studio, 1 and 2 bed Type of Sale TBC/Investor New Build/Conversion New Build Build Complete TBC Comments/Updates Proposals to demolish the TJ Hughes store and new build replacement
POTENTIAL/FUTURE SCHEMES
VIA VERDE, Leeds St/Vauxhall, Pumpfields, L3 6BA Developer Mees Demolition/Eldonian Number of Apartments 1308 Apartment Types Studio, 1, 2 and 3 bed Type of Sale Investor or PRS New Build/Conversion New Build Build Complete TBC Comments/Updates Large mixed-use scheme with 55,000 sq ft commercial space.
Eclipse, Baltic Triangle, L1 5HA Developer Ridgemere Construction Number of Apartments 217 Apartment Types Studio, 1 and 2 bed Type of Sale Investor New Build/Conversion New Build Build Complete TBC Comments/Updates Redesign of a previously consented residential scheme in Baltic
Former Bogans, Baltic Triangle, L1 5HA Developer Miami Ltd/Iliad Number of Apartments 156 Apartment Types Studio, 1 and 2 bed Type of Sale TBC New Build/Conversion New Build Build Complete TBC Comments/Updates New Baltic residential scheme with 4 commercial units to ground floor.
St Anne Street, Liverpool, L3 3DY Developer Elatus Development Group Number of Apartments 319 Apartment Types 1, 2 and 3 bed Type of Sale Investor New Build/Conversion New Build Build Complete TBC Comments/Updates Large scheme adjacent to ongoing Fox Street Village development.
POTENTIAL/FUTURE SCHEMES
Azure/Rose Place, off St Anne St, Liverpool, L3 3BN Developer Legacie Developments Number of Apartments 127 Apartment Types Studio 1 and 2 bed Type of Sale Investor New Build/Conversion New Build Build Complete TBC Comments/Updates New scheme close to Phoenix Place/Fox Halls student developments
Queens Dock, Chaloner Street, L3 4BE Developer TBC Number of Apartments 192 Apartment Types Studio, 1 and 2 bed Type of Sale PRS or Investor New Build/Conversion New Build Build Complete TBC Comments/Updates Overlooking Queens Dock adjacent to Leo’s Casino. Site for sale
Ovatus 1, Old Hall Street/Leeds St Developer Prospect Capital/Wilcocks Number of Apartments 168 (phase 1) Apartment Types Studio, 1, 2 and 3 bed Type of Sale Investor New Build/Conversion New Build Build Complete TBC Comments/Updates Phase 1 of double tower scheme at junction of Old Hall St/Leeds St
Ovatus 2, Old Hall Street/Leeds St Developer Prospect Capital/Wilcocks Number of Apartments 530 (phase 2) Apartment Types Studio, 1, 2 and 3 bed Type of Sale Investor New Build/Conversion New Build Build Complete TBC Comments/Updates Will be Liverpool’s tallest scheme at 48 storeys high when/if built
POTENTIAL/FUTURE SCHEMES
Great Homer St/Virgil St , Liverpool L5 5BY Developer The Soller Group Number of Apartments 277 Apartment Types Studio, 1 and 2 bed Type of Sale Investor New Build/Conversion New Build Build Complete TBC Comments/Updates Large residential scheme close to Project Jennifer regeneration
Freemasons Row, Leeds St, Liverpool, L3 2DJ Developer Vinco Number of Apartments 656 Apartment Types Studio, 1,2 3 bed apartments Type of Sale Investor New Build/Conversion New Build Build Complete TBC/Unlikely to happen
Comments/Updates Large residential scheme in Pumpfields fronting onto Leeds Street.
Norton’s, Flint Street, Baltic, L1 0DH Developer Chaloner St Developments Number of Apartments 650 Apartment Types 1, 2 and 3 bed Type of Sale TBC New Build/Conversion New Build Build Complete TBC Comments/Updates Large prominent site being brought forward on corner of Baltic Triangle
35 Bridgewater Street, Baltic, L1 0AJ Developer Eloquent Global/For sale Number of Apartments 43 Apartment Types 1, 2 and 3 bed apartments Type of Sale Private Sale New Build/Conversion Conversion & New Build Build Complete 2020/TBC Comments/Updates Nice conversion in heart of Baltic Triangle opposite Higson’s Brewery
POTENTIAL/FUTURE SCHEMES
Brunswick Way, Docklands , L3 4BL Developer NWIA Number of Apartments 240 Apartment Types 1 and 2 bed Type of Sale TBC New Build/Conversion New Build Build Complete 2021/TBC Comments/Updates Stunning new docklands scheme in Liverpool Marina. Site for sale
Baltic Place, Brassey St , Liverpool, L8 5XP Developer Eloquent Global Number of Apartments 246 Apartment Types 1 and 2 bed Type of Sale Investor New Build/Conversion New Build Build Complete TBC Comments/Updates On the edge of the expanding Baltic Triangle close to Cain’s Brewery
Riverside, Sefton Street , Liverpool, L8 6UD Developer Eloquent Global Number of Apartments 198 Apartment Types 1 and 2 bed Type of Sale Investor New Build/Conversion New Build Build Complete TBC/Site for sale Comments/Updates Replacing former car garage with rear of site fronting Caryl Street
Bevington Bush Scotland Road L3 6JH Developer Bevington Developments Ltd No of Apartments 614 Apartment Types Studio, 1, 2 and 3 bed Type of Sale Investor/BTR New Build/Conversion New Build Build Complete TBC Comments/Updates Formerly a proposed STUDENT scheme now with residential planning
POTENTIAL/FUTURE SCHEMES
The Metalworks, Pumpfields, L3 6DL Developer Acentus RE/Respect-Hipkiss Number of Apartments 312 Apartment Types Studio, 1 and 2 bed Type of Sale Investor Sale New Build/Conversion New Build Build Complete TBC Comments/Updates Large residential scheme comprising 11/13 storey blocks.
VAUXHALL, Oriel St/Paul St, Liverpool, L3 6DU Developer Smith Young No of Apartments 240 Apartment Types Studios, 1 and 2 bed Type of Sale TBC New Build/Conversion New Build Build Complete TBC Comments/Updates Large mixed-use scheme proposed for Vauxhall/Pumpfields area
Plot C02 Central Docks, Liverpool Waters Developer Romal Capital Number of Apartments 646 Apartment Types 1 and 2 bed Type of Sale Investor/Owner Occupiers New Build/Conversion New Build Build Complete TBC Comments/Updates Next phase of this groundbreaking Liverpool Waters scheme
Pall Mall, 70-90 Pall Mall, Liverpool, L3 6AE Developer Elliot Group Number of Apartments 800 Apartment Types 1, 2 and 3 bed Type of Sale Investor New Build/Conversion New Build Build Complete STALLED/restart shortly Comments/Updates Site purchased by ELLIOT Group after NPG administration
POTENTIAL/FUTURE SCHEMES
Aspire, Waterloo Road/Paisley St, L3 7BA Developer Living Brick Ltd Number of Apartments 140 Apartment Types 1, 2 and 3 bed Type of Sale Investor New Build/Conversion New Build Build Complete TBC Comments/Updates 17 Storey development close to Liverpool Waters/new link road
Highpoint, 24 Highfield St, L3 6AA Developer TBC Number of Apartments TBC Apartment Types TBC Type of Sale TBC New Build/Conversion New Build Build Complete TBC Comments/Updates Potential new tower scheme on site of existing offices
Blundell Street Developer TBC Number of Apartments TBC Apartment Types TBC Type of Sale TBC New Build/Conversion New Build Build Complete TBC Comments/Updates Potential new tower scheme on site of existing offices in Baltic
Blackstock Street, Pumpfields, L3 6EE Developer Caro Number of Apartments 452 Apartment Types Studio, 1 and 2 bed Type of Sale TBC New Build/Conversion New Build Build Complete TBC Comments/Updates Large resi scheme adjacent to Liberty Atlantic Point student village
STALLED/NOT PROGRESSING
Infinity, Lanyork Rd/Leeds Street, Liverpool, L3 6JB Developer Elliot Group Number of Apartments 1015 Apartment Types Studio, 1, 2 and 3 bed Type of Sale Investor/owner occupier New Build/Conversion New Build Build Complete STALLED/In administration Comments/Updates Striking and ambitious new scheme with anticipated £250million GDV.
New Chinatown, Great George Street, L1 7AG Developer Great George St Developments Number of Apartments 466 apartments & 37 townhouses Apartment Types Studio, 1,2 and 3 bedroom Type of Sale Investor/Mixed Use New Build/Conversion New Build Build Complete STALLED/New owners Comments/Updates New planning proposals approved to kick start this former stalled site
ALEXANDRA TOWER Princes Dock, Liverpool, L3 1BF
Alexandra Tower is one of Liverpool’s most iconic residential buildings literally “perched” on the River Mersey at Princes Dock. The apartments in the scheme benefit from stunning views, either across the river towards the Welsh Hills or back towards the famous Liverpool City skyline.
Having been improved by the previous owner to include refurbished entrance/concierge, upgraded communal areas and the reinstatement of car parking Alexandra Tower now offers some of the best apartments in the city.
TO LET (all prices are from) - 1 beds £700, 2 beds £850, 3 beds £1200 Unfurnished and furnished apartments available
FOR SALE (all prices are from) 2 beds £179,950
0151 231 6100
RESIDENTIAL LETTINGS
The effect the coronavirus Covid 19 has had/will have on the market
Market Activity Just as the sales market is being hit hard from the lockdown so is the rental market with the government also insisting that only those tenants who have no choice but to move be permitted to do so. With the lockdown essentially banning new listings, viewings (except video) and face to face meetings new activity in the market has slowed to a trickle. Saying that there has been a continual small number of lettings taking place where tenants have to move for justified reasons.
The main activity in the market has therefore been centered on existing tenancies where there has been substantial government intervention to protect both landlord sand tenants. On 25 th March the chancellor announced that landlords can apply for a 3-month payment holiday from their lender should their tenant fall into arrears/have difficulty paying their rent? In the same week the government also announced that tenants would be protected during the crisis with a 90-day suspension from any possession orders brought by landlords including those already in the system.
Whilst the support for both landlords and tenants is welcome there were always going to be financial/practicality issues forcing some tenants wishing to exit their existing agreements. The first example of this was overseas students who had either been ordered to repatriate to their own country or make the decision themselves to do so. A small number of these did so almost immediately literally leaving their properties in the middle of their tenancies with no/little hope of any recovery of rent due by the landlord.
We took the decision very early in on the crisis to proactively engage with both tenants and landlords to try and ensure that both parties interests were aligned and protected. This has resulted in a number of tenants that are struggling financially being offered reduced rents for an agreed period time allowing them to stay in their property but without the risk of building up substantial arrears. Overall (add comma) we have been delighted by the response from both tenants/landlords who understand each other’s financial impact from the virus/lockdown.
At this point in time we have yet to see the “tidal wave” of nonpayment by tenants that many industry commentators had predicated although the true extent of the financial hardship affecting all parties may become a little clearer as we pass the April pay day period towards the end of this month. The deliverability of the government’s furlough scheme may well play an important role in this.
Supply/demand It is difficult to gauge the likely affect the crisis will have on the supply and demand in the private rented sector in the city until probably late May/early June as we get more clarity on the release of the lockdown and how this will affect the market going forward. There is no doubt that there will be a short-term increase in supply of apartments to let. This will be driven by some tenants deciding to vacate their properties and maybe return home. Interestingly we have seen a huge increase in landlords (both individual and corporate) who had previously let their properties out on a short-term basis (Airbnb, serviced etc) now seeking the “safety” of a more traditional AST rental model. We will also see some of the ongoing new developments feeding into the supply in the city although it would not surprise us if some of the current schemes are delayed or even mothballed in certain circumstances.
On the demand front the city will be driven by similar issues affecting the rest of the UK which will be dominated by the financial impact of the current crisis. Should the lockdown continue for longer than expected and the economy struggle more than anticipated then there is no doubt that there will be a lower demand for rental property. As the rental market in the city is strongly influenced by the student population it will be vital to establish how the demand for university places for the upcoming academic year will be affected. Current analysis/polls suggest that as many as 50/60% of overseas students may not travel to the UK this September. Whilst many of these university places may be taken by UK students they will almost certainly require a different type of accommodation to that many of the overseas students normally look for.
Prices Logically it is still too early to fully establish whether there will be an impact on rents from the coronavirus crisis. Whilst there have been many sensible agreements put in place between tenants and landlords these are likely to be temporary and not permanent. During conversations over the past few weeks with landlords we have reiterated our belief that it is better to have an investment property occupied and rented even if the rent is lower than what they have achieved in the past. Logically this is particularly relevant during the crisis where it is very difficult to re rent a vacant property due to the restrictions on movement etc. Moving forward and certainly during this summer we will continue to have similar discussions even if the lockdown has ended and there is light at “the end of the tunnel”. It will not be a time to try and maximize the rent/increase the rents when by doing so you take the risk of extended void periods running into 2021.
As with the sale market the likely medium/long term effect of the crisis on pricing will only be felt in probably 6/12 months. As we have indicated earlier (and discuss in the summary) how the city recovers from the virus especially in its attractiveness to tenants (bars, restaurants, theater etc) may well be the biggest factor. Overall, we expect to see a realistic marginal drop in rents across the market during the remainder of the year. We expect the higher end more expensive rental units may well bear the brunt of less overseas students returning for the next academic year but hope that good quality, realistically priced apartments in good schemes will continue to let well as they have previously.
RESIDENTIAL SCHEMES to LET ------ALEXANDRA TOWER
No of Apartments:70 Type: 1, 2 and 3 Bed Address: Princes Dock, Liverpool, L3 1BD Prices From: 1 bed: £700 2 bed: £900 3 bed: £1,200 Furnished/Unfurnished : Selection of both Car Parking: Yes
------SHAFTESBURY APARTMENTS
No of Apartments:39 Type:1 and 2 Bed Address: Mount Pleasant, Liverpool, L3 5SA
Prices From: 1 bed: £650 2 bed: £800
Furnished/Unfurnished : Furnished Car Parking: No
------2 MOORFIELDS
No of Apartments: 68 Type: Range of studio apartments Address: 2 Moorfields, Liverpool, L2 2BS
Prices From/To: Studios £575-£650 all inclusive rents
Furnished/Unfurnished : Furnished Car Parking: No
------HADWENS APARTMENTS
No of Apartments: 8 Type: 1 and 2 bed Address: Tithebarn St, Liverpool L2 2SB Prices From/To: 1 bed: ALL LET 2 bed: £900 Furnished/Unfurnished : Furnished Car Parking: No
------0151 231 6100 BUILD TO RENT (BTR) During the last quarter we have seen the following announcements which continue to highlight Liverpool as being one of the more active BTR cities outside of London.
• Brickland/Heitman deal – Construction progressing extremely well • Eight Building (Iliad) – Construction progressing well after Legacie takes over following the administration of the previous contractor (Forrest) • Construction progressing very well on The Lexington (Moda/BCEGI) and Strand House (Panacea/Invesco/Graham’s). • Construction on Plaza 1821 (Peel/Regenda/Vermont) progresses well after the administration of the previous contractor (Forrest). Marketing commenced for the apartments. • We await news on the proposed third Princes Dock tower “The Hive” by Your Housing but suspect that changes will be made to the scheme .
UNDER CONSTRUCTION
Plaza 1821, Princes Dock, Liverpool Waters, L3 1DZ Developer Peel Number of Apartments 105 Fund Regenda Apartment Types 1 and 2 bed New Build/Conversion New Build Build Complete Summer 2020 Comments/Updates £21 million scheme being built by Peel for Regenda/Redwing
Strand House, 21 Strand St, Liverpool, L2 0PP Developer Panacea Property Number of Apartments 391 Fund Invesco Apartment Types 1, 2 and 3 bed New Build/Conversion New Build Build Complete Autumn 2020 Comments/Updates Located fronting The Strand with views across Albert Dock/Mann Island
The Lexington, Princes Dock, Liverpool Waters, L3 1DZ Developer Moda Living Number of Apartments 304 Fund Apache Apartment Types Studio, 1, 2 and 3 bed New Build/Conversion New Build Build Complete 2021 Comments/Updates 34 storey £82 million GDV scheme in Princes Dock/Liverpool Waters
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UNDER CONSTRUCTION
Blundell Street, Baltic, L1 0AJ Developer Brickland/Heitman Number of Apartments 200 Apartment Types 1, 2 and 3 bed Fund Heitman New Build/Conversion New Build Build Complete 2020 Comments/Updates Large new Baltic scheme including commercial & 116 car park spaces.
The Eight Building, Glenville St, Baltic, L1 5JR Developer Iliad Number of Apartments 120 Fund Self-funded Apartment Types 1, 2 and 3 bed New Build/Conversion New Build Build Complete 2021 Comments/Updates Follow up BTR residential scheme to adjoining built student scheme.
PROPOSED
The Keel (PHASE 2), Queens Dock, Liverpool, L3 4GE Developer Glenbrook Number of Apartments 257 Fund Barings Real Estate Apartment Types 1, 2 and 3 bed New Build/Conversion New Build Build Complete TBC Comments/Updates 2nd phase of The Keel with two buildings overlooking Queens Dock
Aspire, 30-36 Pall Mall, L3 6AE Developer Anwyl Construction Number of Apartments 336 Fund TBC Apartment Types Studio, 1, 2 and 3 bed New Build/Conversion New Build Build Complete TBC Comments/Updates Stunning 22 storey scheme opposite proposed Pall Mall Exchange
PROPOSED
The Hive Princes Dock, Liverpool Waters, L3 1DZ Developer Your Housing/Peel Number of Apartments 276 Fund Self funded Apartment Types 1, 2 and 3 bed New Build/Conversion New Build Build Complete TBC Comments/Updates Proposed £48 million scheme – await news on alternative proposal
POPULATION Residential
CITY CENTRE CORE Number of built PROPERTIES (city centre core) 14,426 Number of OWNER OCCUPIED properties 4,197 Number of TENANTED properties 9,068 Number of VACANT Properties 793 VACANCY Rate 7% Number STUDENTS (living in non PURPOSE BUILT units) 3,687 Number STUDENTS (living in PURPOSE BUILT units) 20,421 Number of Units let to SERVICED APARTMENT operators 368 Total Number of City Centre Residents 46,500
Expanded City Centre Core
Expanded City Centre Core City Centre Core
Expanded City Centre Core
EXPANDED CITY CORE Number of Properties Built (all areas) 17,659 Number of OWNER OCCUPIED Properties 5,583 Number of TENANTED Properties 10,585 Number of VACANT Properties 1,123 VACANCY Rate 6% Number of STUDENTS (living in non PURPOSE BUILT units) 4,513 Number of STUDENTS (living in PURPOSE BUILT units) 23,109 Number of Units let to SERVICED APARTMENT operators 368 Total Number of City Centre Residents 53,368 Student STUDENT POPULATION 2017/2018 Post Grad Under Grad Full Time Part Time Total The University of Liverpool 6,725 22,070 25,370 3,425 28,795 Liverpool John Moores University 4,350 18,875 19,780 3,450 23,230 Liverpool Hope University 1,290 3,910 4,570 625 5,195 The Liverpool Institute for Performing Arts 0 795 795 0 795 Liverpool School of Tropical Medicine 435 0 150 285 435 TOTAL STUDENTS 12,800 45,650 50,665 7,785 58,450
STUDENT POPULATION 2011/2018 UNIVERSITY/YEAR 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 Movement % The University of Liverpool 20,590 20,875 21,345 22,715 24,775 27,070 28,795 6.37% Liverpool John Moores University 25,855 22,585 21,315 20,635 21,880 22,445 23,225 3.48% Liverpool Hope University 7,400 6,540 6,240 5,550 4,940 5,240 5,200 -0.76% The Liverpool Institute for Performing Arts 720 730 720 715 720 745 795 6.71% Liverpool School of Tropical Medicine 425 430 435 1.16% TOTAL STUDENTS 54,565 50,730 49,620 49,615 52,740 55,930 58,450 4.51%
STUDENT LETTINGS
The effect the coronavirus Covid 19 has had/will have on the market
The coronavirus has already had a huge impact on the student market in the city as you would expect. When the universities made the logical decision to close it left thousands of students with nowhere to study and under pressure to/wanting to return home. We have already discussed the immediate effect of the crisis whereby many overseas students just “upped and left” leaving their properties (and their tenancy agreements) behind. It wasn’t long before many of the repatriating UK students realised that they were still going to be charged for the final term’s rent even though in the majority of the cases they had left their accommodation.
In what has become a “thorny” issue affecting not just Liverpool but the whole of the UK we began to see some corporate student landlords such as Unite and Liberty Living effectively release students from their agreements early relinquishing their requirement to pay the final term’s rent. This was quickly followed by the likes of Student Roost and Student Castle going down the same route.
In Liverpool Unite Students are the largest corporate provider of student accommodation and their decision to release their tenants from agreements very quickly became a focus of many students (and their parents) as to what all student hall providers should also offer. Earlier this month the local press began to run stories of student providers who were most definitely not looking to release their student tenants from the agreements and focused on stories of students living in Sanctuary Student schemes where they were being told they still had to pay a full term’s rent. Indeed, they were told that as they were still receiving maintenance payments it was right that they should pay their rents due!
Like we have discussed and implement with our own landlords there is always a sensible and grown up conversation that can be had in such extraordinary circumstances like we find ourselves in with the coronavirus. If the student providers had reacted quicker to the issue offering a fair and reasonable amendment/reduction to their tenants we suspect the majority would have probably agreed.
Looking forward to the upcoming academic year there is no doubt that there will be a much lower percentage of overseas students arriving in the UK. This will have a huge impact of the finances of both UK/Liverpool universities and has also caught the attention of the government who has imposed a temporary cap on admissions until such time as the situation regarding the crisis unfolds.
The crisis has also had an effect on the potential delivery of new student rooms for this upcoming academic year. The enforced shutdown may well mean some developments not being ready in time for September 2020 which will further increase the pressure on student landlords and developers during these trying times.
STUDENT SCHEMES to LET 0151 231 6100 ------
SHAFTESBURY APARTMENTS
No of Apartments/Rooms: 39 Apartments
Type: 1 and 2 bed apartments
Address: Mount Pleasant, Liverpool, L3 5SA
Bills included: No
Rents from : £650 per month (18/19) ------
2 MOORFIELDS
No of Apartments/Rooms: 68 studios
Type: Self contained studios across three floors
Address: 2 Moorfields, Liverpool, L2 2BS
Bills included: Yes
Rents from : £575-£650 per month all inclusive rents
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STUDENT DEVELOPMENTS
UNDER CONSTRUCTION/PROGRESSING
KAPLAN, Paddington Village, Knowledge Quarter, L7 Developer Kaplan/LIC No of Rooms 259 Studios or Cluster Studio Type of Sale Self fund New Build/Conversion New Build Build Complete 2020 Comments/Updates £35million development in the emerging Paddington Village/KQ district
Devon House, Fabric District, Liverpool, L3 8HA Developer Yu Property Group No of Rooms 218 Studios or Cluster Predominantly cluster Type of Sale Investor New Build/Conversion New Build Build Complete 2020 Comments/Updates Situated fronting Islington on the edge of the emerging Fabric district
Renshaw Hall, Benson Street , Liverpool, L1 2SS Developer Niveda Realty No of Rooms 404 Studios or Cluster Studios and clusters Type of Sale Fund New Build/Conversion New Build Build Complete Aug 2020 Comments/Updates Redevelopment of former car park for hotel and 404 room student block
Fraser Street/Norton St, Liverpool, L3 8LR Developer Mount Property Group No of Rooms 566 Studios or Cluster Predominately cluster Type of Sale Investor New Build/Conversion New Build Build Complete 2021 Comments/Updates Redevelopment of former National Express bus centre with two blocks
UNDER CONSTRUCTION/PROGRESSING
Copperas Hill Police Station, Liverpool, L3 5LD Developer Carpenter Investments No of Rooms 206 Studios or Cluster Mixed student/cluster Type of Sale Retain New Build/Conversion New Build Build Complete 2021 Comments/Updates Construction well under way on site of this former police station
Innovo House, Devon St, Fabric District, L3 Developer Mount Property Group No of Rooms 124 Studios or Cluster Mixed student/cluster Type of Sale Forward funded investor New Build/Conversion New Build Build Complete Sep 2021 Comments/Updates Forward funding deal announced in Mar 2019 with Soilbuild Group
STUDENT DEVELOPMENTS PROPOSED/POSSIBLE
3 Oldham Place, Liverpool, L1 2TD Developer Oldham Place Ltd No of Rooms 117 Studios or Cluster Studios Type of Sale TBC New Build/Conversion New Build Build Complete TBC Comments/Updates Small site tucked away on Oldham Place opposite Unite’s St Luke’s
Mulberry Street, Canning, Liverpool, L7 7EE Developer Property Capital Development No of Rooms 366 Studios or Cluster Studios Type of Sale TBC New Build/Conversion New Build Build Complete TBC Comments/Updates Controversial scheme heavily objected to due to conservation area
PROPOSED/POSSIBLE
Crown Street/Falkner St, Liverpool, L8 7SX Developer Elliot Group No of Rooms 106 keyworker/182 student Studios or Cluster Mixed student/key worker Type of Sale TBC New Build/Conversion New Build Build Complete TBC Comments/Updates Attractive scheme close to Liverpool University & Women’s hospital
Former Hondo , Upper Duke St, L1 9DU Developer Fusion Students No of Rooms 430 Studios or Cluster Cluster/Studios Type of Sale TBC New Build/Conversion New Build Build Complete TBC Comments/Updates Fully funded scheme on the site of the former Hondo supermarket
Roscoe Street , Ropewalks, L1 9DU Developer Frenson/ANO No of Rooms 111 Studios or Cluster Cluster/Studios Type of Sale TBC New Build/Conversion New Build Build Complete TBC Comments/Updates New proposed scheme on corner of Roscoe Street/Oldham Street
Gildart Street, Gildart Street , Liverpool, L3 8AG Developer Gildart Street Ltd No of Rooms 53 Studios or Cluster Cluster/Studios Type of Sale TBC New Build/Conversion New Build Build Complete TBC Comments/Updates Small scheme located in up and coming Fabric District area of the city
PROPOSED/POSSIBLE
Azure/Rose Place, off St Anne St, Liverpool, L3 3BN Developer Legacie Developments Number of Rooms 280 Studios or Cluster Studio 1 and 2 bed Type of Sale Investor New Build/Conversion New Build Build Complete TBC Comments/Updates New student scheme to replace previously consented resi scheme
STALLED/NOT PROGRESSING
The Paramount, London Road, L3 5NF Developer Pinnacle Alliance/Elliot Group No of Rooms 477 Studios or Cluster 430 cluster/47 studio Type of Sale Investor New Build/Conversion New Build Build Complete STALLED/BOUGHT Comments/Updates Scheme bought by Elliot Group in July 2019. Await news/progress
The Rise, Low Hill, Liverpool L6 1BP Developer Primesite Developments No of Rooms 141 Studios or Cluster Predominantly cluster Type of Sale Investor New Build/Conversion New Build Build Complete TBC Comments/Updates High-profile location close to new Royal Hospital. NOW STALLED
Aura, Low Hill, Liverpool L6 1AU Developer Elliot Group Number of Rooms 1007 (student units) Studios or Cluster Predominantly cluster Type of Sale Investor New Build/Conversion New Build Build Complete NOW STALLED Comments/Updates Mixed Use scheme on site of former Erskine Industrial Estate
PIPELINES Listed below are the current pipelines for the relevant asset class in the city centre and our estimated delivery dates/numbers based upon our market knowledge, schemes, funding etc.
Residential RESIDENTIAL PIPELINE LIVERPOOL CITY CENTRE Stage PIPELINE Under Construction (ex stalled) 3,991 Stalled 2,328 Planning Approved 7,343 Proposed/Awaiting planning 5,069 Total Pipeline 18,731 DELIVERY Guaranteed/Likely Anticipated Delivery Dates (Under Construction) (City Res view) Delivery for 2020 1,552 1,552 Delivery for 2021 1,516 1,659 Delivery for 2022 923 2,106 Delivery for 2023 0 1,200 Total Delivery 3,991 6,517
BTR (Build to Rent) BTR PIPELINE LIVERPOOL CITY CENTRE Stage NUMBER GDV Built 661 £108,500,000 Under Construction 1,122 £252,000,000 Planning Approved 968 £177,000,000 Proposed/Awaiting planning 440 £52,500,000 Total Pipeline 3,191 £590,000,000 DELIVERY Guaranteed/Likely Anticipated Delivery Dates (Under Construction) (City Res view) Delivery for 2019 661 661 Delivery for 2020 698 698 Delivery for 2021 424 424 Delivery for 2022 0 257 Delivery for 2023 0 711 Total Delivery 1,783 2,040
Student STUDENT PIPELINE LIVERPOOL CITY CENTRE Stage PIPELINE Under Construction (ex stalled) 1,855 Stalled 1,680 Planning Approved 481 Proposed/Awaiting planning 1,023 Total Pipeline 5,039 DELIVERY Guaranteed/Likely Anticipated Delivery Dates (Under Construction) (City Res view) Delivery for 2020 1,165 1,165 Delivery for 2021 690 1,882 Delivery for 2022 0 445 Delivery for 2023 0 1,023 Total Delivery 1,855 4,515 Finance & Mortgage (As at 15th April 2020)
0151 548 4448 www.jpfinancialadvice.co.uk
The effect of the coronavirus Covid 19 has had on the market
Despite the BOE reducing rates to 0.25% the coronavirus has had a huge effect on the mortgage market which is in danger of grinding to a halt. With the government imposing a virtual ban on home moving many lenders have withdrawn offers and tightened their criteria at a time when they are under tremendous pressure themselves. With the government demanding lenders offer payment holidays to their clients many banks and building societies are spending a huge amount of time dealing with the financial challenges of their customers rather than looking to win new business.
Whilst each lender has been approaching the crisis in a different way the general consensus in the market is that high loan to value deals are disappearing fast and getting new deals approved is extremely difficult. The practicalities of progressing deals have also become obvious with surveyors basically barred from carrying out their work due to social distancing. Whilst this may not be a huge issue for a customer remortgaging with their existing lender at a low loan to value it basically results in no new mortgage offers for those purchases & transactions where there is is the requirement of a survey to be carried out.
Normal Mortgages (Buying and remortgaging) Type Rate Period Fee Max LTV Lender Variable 1.59% 2 Year £199 65% Leek Fixed 1.21% 2 Year £995 60% Natwest Fixed 1.59% 3 Year £995 60% Nationwide Fixed 1.49% 5 Year £995 60% Natwest Fixed 2.09% 10 Year £999 65% Leeds
Buy to Let Mortgages Type Rate Period Fee Max LTV Lender Variable 1.74% 2 Year £1999 60% Nottingham Fixed 1.35% 2 Year £995 60% Natwest Fixed 1.29% 3 Year £1995 60% BM Fixed 2.05% 5 Year £995 60% Natwest Fixed 2.44% 10 year £1995 60% Leeds
The list of available mortgage offers detailed below is purely intended as a guide and is sourced from Moneyfacts and GoDirect. It is not intended to be a “best buy” table or offer advice it simply highlights some of the mortgage deals that were available on the date shown above which have been recommended by a team of independent experts as their best buys . Source: Moneyfacts (www.moneyfacts.co.uk ) and GoDirect (http://www.godirect.co.uk ) YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Written quotations are available from individual lenders. Loans are subject to status and valuation and are not available to persons under the age of 18. All rates are subject to change without notice. Please check all rates and terms with your lender or financial adviser before undertaking any borrowing.
AUCTION RESULTS Sponsored by Venmore Auctions 0151 329 2676 Next Auction: 21 st April 2020 Town Hall Liverpool
Listed below are the auction results for properties (apartments) sold in the quarter in the main city centre postcodes (L1, L2 and L3) or close periphery – city centre side of (L5, L6, L7 and L8)
Address Auctioneer Date GUIDE £ SOLD £ FLOOR Beds Baths Parking Rent* Yield Apt 30, Parliament Place, 246 Upper Parliament St, L8 Sutton Kersh 02/04/2020 £35,000 £41,500 1st Studio 1 No £520 15.04% Apt 93, 1 WilliamJessop Way, Liverpool, L3 1DJ Harman Healy 05/03/2020 £135,000 £143,000 16th 2 2 No £950 7.97% Aprt 59 1 Crosshall Street, Liverpool, L1 6DQ Auction House 06/02/2020 £65,000 £73,000 3rd 1 1 No £650 10.68% 1601, Beetham Tower, 111 Old Hall St, L3 9BD Sutton Kersh 13/02/2020 £165,000 £175,000 16th 2 2 No £1,050 7.20% 7, 38 Marlborough St, Liverpool, Merseyside, L3 2BS Landwood 12/02/2020 £85,000 £95,000 1st 2 1 No £750 9.47% *The rent shown is either the actual current rent where the property is let or the anticipated rent if let in the market.
Parliament Place Beetham Tower 38 Marlborough St 1 Crosshall St 1 William Jessop
If you wish to buy properties at this level of pricing City Residential Ltd offer a buying service which will enable you to purchase at levels normally only available to seasoned investors and landlords – ring us for more details.
Headline Blog/Summary
With the market performing well and the city prospering the first two months of 2020 promised to be a perfect start to a new decade. It seems like a new restaurant, food market, bar or events space opened up every week and you couldn’t help but be hugely impressed in what a wonderful place to live the city had become! Whilst there were some concerns from a market perspective (over development, stalled schemes etc) these were perceived as hurdles to overcome rather than brick walls!
Fast forward a few weeks and the city finds itself in total lockdown with practically all shops, bars, restaurants and offices closed for business. Whilst we are no different from any other city in this regard our biggest concern is what the city will look like in a year’s time or even 2 or 3 year’s time as a result of this unthinkable crisis. Obviously our initial thoughts are with more important matters such as the old, the vulnerable and the needy but we must try and focus our attention to helping ensure that the city has a bright future for all its residents, businesses and workers.
Liverpool has boomed not due to its attractiveness to national employers and huge corporate jobs growth but owing to its leisure offer, its personality and its culture. Whilst the city may never compare with the economic powerhouses of Manchester and London it has developed into one of the most enjoyable places in the UK to live, work and play. Our logical concern is that its biggest strength may well become its biggest weakness unless we get through this crisis by early/mid summer. It is difficult to perceive that all of the wonderful bars, restaurants and culture will survive a prolonged lockdown/downturn that we may end up having in the worst case scenarios.
Whilst we are concerned for the future of the city and its effect on the residential market it is not all doom and gloom. Even in the worst case scenario the city is still a wonderful place to live and both tenants and owner occupiers will continue to appreciate the wonderful environment, leisure and culture not offered by any other city in the UK. Demand may falter if the crisis takes 12 months or more to clear but it will return and residents will continue to enjoy what the city has to offer.
To summarise some of the main themes that we believe we will see over the coming weeks:
• Short term (AirBNB, serviced) landlords will return to the normal AST market in their droves as the holiday/weekend market will face severe challenges for many months/years. • Supply will increase and demand may falter but good apartments will sell and let at decent prices. Those schemes in bad locations, poorly managed, overpriced will suffer disproportionally. • Some ongoing developments will not complete or will be severely delayed adding to the ongoing issue of “stalled” schemes in the city. • The student market is in for a really challenging time dependent on where from/how many students will attend for the upcoming academic year.
Alan Bevan Managing Director City Residential April 2020 0151 231 6100 07970 498187 [email protected] www.cityresidential.co.uk
NEXT ISSUE: July 2020
OUR CHOSEN CHARITY
City Residential, Liverpool’s leading city centre residential agent have reinforced their long term support for Claire House Children’s Hospice by agreeing to a once a year donation based upon their annual operating profit. Their commitment, that will last indefinitely, sees the firm donate 1% of their pre-tax profits to the Wirral based charity every year. Their first donation saw them presenting a cheque in early 2015 for £3,812.50 to Helen Carlson at Claire House with subsequent donations in 2016, 2017, 2018, 2019 totalling well over £15,000
The ongoing donation from City Residential comes at an important time for Claire House with them having just launched a Liverpool base at a former monastery on Honey’s Green Lane in West Debry. Whilst initially the site – a former will offer day-care services, counselling and complementary therapies, as well as hosting the mums, tots and babies groups. The new hospice is in addition to the current Claire House Children’s Hospice adjacent to Clatterbridge Hospital, which is already at capacity and difficult to reach for many parents. More than half of the children who use it come from the Liverpool side of the Mersey.
“We have supported Claire House for over 10 years and this long term commitment is the least that we can offer a charity that does such wonderful work in looking after children from all areas of The Northwest” commented Kerry Rogerson-Bevan director of City Residential “Although there are other children’s hospice’s across the UK Claire House is our local children’s hospice and their passion and long term commitment in providing care to children with life limiting life threatening illnesses is second to none and deserves all of our support”
In September/October 2019 we were part of a team that scaled the mighty Kilimanjaro for Clare House. Together with trekkers from Bruntwood, Box Clever, Urban Splash, K2 architects and BAE Systems we raised well nearly £30,000 by taking the Lemosho route to the peak which stands at nearly 6,000m. The trek was organised by 360 Expeditions one of the UK’s market leaders in trekking and mountaineering trips around the globe. The trip was headed up by Keith White of 360 on his 2 nd trip to climb Africa’s highest mountain and the highest freestanding mountain in the world. We were blessed with good weather throughout the tip but it was still an extremely difficult challenge which we were all glad to have conquered.