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June 5, 2016

Moda Living and Apache submit plan for £80m development in UK

Starwood Hotels & Resorts has unveiled its Westin Austin hotel in Texas, USA. The property, owned by developers White Lodging and Simon Property Group, features 340 guestrooms and suites and the brand's signature amenities and services. The hotel is equipped with a res

Developer Moda Living and investment firm Apache Capital Partners have submitted a planning application to Liverpool City Council for a £80m development on Princes Dock in the UK.

The 34-storey Princes Reach development forms part of Peel Group’s £5.5bn redevelopment of Liverpool Waters project and will consist of 304 apartments with a lounge, gym, roof terrace, garden, fitness studio, and a cinema.

As part of the regeneration, 60ha of dockland will be transformed into a mixed-use waterfront development quarter in Liverpool city centre.

"This building has been designed to provide a legacy for Liverpool and its historic skyline."

The building will also have residents’ car and bicycle parking and concierge, work and interaction zone with meeting space and a 17th floor lounge for residents.

Moda Living joint managing director Tony Brooks said: "Our development will deliver much-needed homes for rent with fantastic amenities in a 24-hour managed building which will provide the best space for residents to socialise and relax as well as opportunities for those who want their workplace on their doorstep."

Apache Capital Partners co-founder and managing director said Richard Jackson said: "This building has been designed to provide a legacy for Liverpool and its historic skyline.

"It will offer our customers a new aspirational residence and lifestyle that does not yet exist in Liverpool, combining the highest levels of design, amenities and services."

To date, the Apache Capital and Moda Living joint venture partnership has secured a PRS development pipeline consisting of about 5,000 units in prime city centre sites across the UK.

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