Sigma launches £39m Liverpool Lime Street regeneration

Regeneration firm Sigma has this morning (October 24) announced the launch of its £39m project to transform the area next to Lime Street Station in Liverpool city centre.

Terms have now been agreed with Curlew Student Trust, Sigma’s new funding partner.

Forming part of Sigma’s long-standing partnership with Liverpool City Council’s Regeneration Liverpool, the development will create 28,000 sq ft of retail and leisure space, including a 101-bedroom Premier Inn hotel and a 412-bed student accommodation building.

Neptune Developments, Sigma’s commercial development partner, will begin construction before the end of the year.

Planning permission for the scheme has already been obtained.

Sigma chief exec Graham Barnet said: “I am delighted to announce that we have secured funding for this major redevelopment in the heart of Liverpool, next to Lime Street Station, and would like to thank our partner, Neptune Developments, for all their efforts in managing the development aspects of the project on behalf of our partnership.

“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.”

He added: “Together with our partner, Neptune Developments, we are delighted to help realise another objective in Liverpool City Council’s broader regeneration aims.”

Neptune MD Steve Parry commented: “We are very pleased to commence the redevelopment of the area around Lime Street Station.

“The scheme forms the first phase of our Knowledge Quarter project and will have a major impact on the gateway to Liverpool city centre.”

He continued: “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.

“We very much look forward to realising our efforts and creating a vibrant new neighbourhood in Liverpool.”