Equans and shareholders celebrate Milliners Yard BTR milestone

Equans, Home Group and Columbia Threadneedle recently celebrated the topping out of the £30m Milliners Yard regeneration scheme in Liverpool.

Equans, Home Group and Columbia Threadneedle have topped out at the Milliners Yard regeneration scheme | BTR News
Equans, Home Group and Columbia Threadneedle have topped out at the Milliners Yard regeneration scheme.

Gathered at the newly named Milliners Yard regeneration scheme, technical services provider Equans, housing provider Home Group, and global asset manager Columbia Threadneedle Investments celebrated the topping out milestone in Liverpool.

Located on the site of the former TJ Hughes store in Liverpool City Centre, the Milliners Yard Build to Rent scheme will comprise of 258 low-carbon apartments and ground floor retail/commercial space.

“It was great to have colleagues, partners and stakeholders come together at the scheme to celebrate this major milestone. The project is key to the ongoing regeneration of Liverpool City Centre, and Equans is proud to be a part of this.”

Alyson Seddon, Construction Director, Equans

Previously known as Hughes House, the scheme is set to deliver 144 one-bedroom apartments, 99 two-bedroom apartments and 15-studios. The building and each of its units will have a minimum B rating Energy Performance Certificate. Milliners Yard is due to complete next year.

“Flexible Rent is a scalable ‘build to rent’ product, which provides a high-quality mix of private and discounted rented homes for people on a variety of incomes. As well as local key workers, the fund will satisfy the needs of a range of other stakeholders – from local authorities through to investors and central Government. As a country, we aren’t going to be able to build the homes we need without innovative approaches. A larger, professionally managed Private Rented Sector will have a positive impact in driving up standards. The Milliners Yard development is the first in what we expect to be many more similar developments to emerge across the UK.”

Kitson Keen, Director of Development, Home Group

Milliners Yard is situated among some of the largest key worker organisations in the city. The Royal University of Liverpool Hospital, as well as both Liverpool John Moores University and The University of Liverpool, are all within walking distance of the development.

“Today is a milestone moment for the project and brings us a step closer to delivering exciting new homes right in the heart of the Fabric District’s thriving and creative community.”

Simon Parker, Managing Director (MD), UK Land & Property

With Equans designated as lead contractors, the scheme is funded through a joint venture by housing association Home Group and Columbia Threadneedle Investments (formerly BMO Real Estate Partners). The venture resulted in the BMO UK Housing Fund, which aims to accelerate the delivery of affordable homes for rent for key workers.

“We are proud to be marking this major milestone in the construction of the Fund’s first development project. Milliners Yard will be a landmark scheme for the Fabric District in the heart of Liverpool, providing quality Build to Rent apartments to residents at locally attainable rents. The inclusion of Flexible Rent, providing a dynamic mix of market rent and discounted market rent units, creates a scheme that can continue to cater to the local renting community while contributing to the regeneration of the Fabric District area.”

Emma Gullifer, Co-Fund Manager of the CT UK Residential Fund, Columbia Threadneedle