Signature Living to Develop Second Shankly Hotel

The Liverpool-based property developer has announced plans to open The Shankly Hotel Preston, the second Shankly Hotel but this time in the heart of Preston.

Originally cited as The Harris Hotel, this development will become the group’s second Shankly Hotel, following the same highly successful footprint of the first Shankly Hotel in Liverpool.

Due to open in September 2018, The Shankly Hotel Preston will feature 65 luxury themed suites, a bar & restaurant as well as a wedding & event space.

Former Old Post Office in Preston

The £15m Shankly Hotel Preston development will be a continued tribute to the footballing legend, Bill Shankly who is often referred to as the greatest manager of all time. Shankly’s links to Preston’s footballing community ensure this site is set to be just as successful as it’s counterpart in the centre of Liverpool which has enjoyed immense success and recognition since opening in 2015.

The Hotel, which is a joint venture between Signature Living and the Bill Shankly family will feature the same unique memorabilia which is housed within the Liverpool site including old football kits, telegrams and game notes from Bill Shankly himself.

Shankly Hotel Preston

Bill Shankly signed for Preston North End in 1933 and played with them in two FA Cup finals. With the team, they went on to win the trophy in 1938 which attracted worldwide recognition. Bill was furthermore a member of the Preston team that won the 1941 Wartime Cup Final at Wembley before he retired in 1949 and went on to become the legendary manager of Liverpool FC in 1959.

Speaking of the new venture, the Signature Living boss said; “The Shankly Hotel is to not only celebrate his [Shankly’s] iconic footballing career and achievements but to honour the very special relationship he had with the city and people of Preston, having signed for Preston North End in 1933.”

The hotel will be a further tribute to the biggest name in football and help to continue to commemorate him in a unique way.

Bill Shankly Hotel to open in Preston

Shankly’s grandson, Chris Carline who is the director or The Shankly Hotel said of the plans, “It is a fitting tribute and legacy to my grandfather for a hotel to be named in his honour in Liverpool, but it is also important for his legacy to be honoured in Preston where he spent much of his playing career.”

The success of The Shankly Hotel has been unparalleled with an occupancy rate of over 85% and investors enjoying impressive returns from the offset.

Units at The Shankly Hotel Preston are selling fast so secure your unit today by calling Signature Investments on 0151 305 3757 or emailing info@signatureinvestments.co.uk.

Discover more of our investment opportunities by clicking here.

Signature Living Outline Plans for the Development of Floral Hall

Developer & operator, Signature Living announced exciting and ambitious plans to transform one of Belfast’s most celebrated landmarks, Floral Hall.

Built in the mid-1930’s, Floral Hall was renowned for being the centre of the cities romance. The ballroom and hall were the start of many Belfast love stories.

Now situated within the grounds of Belfast Zoo, Floral Hall is located on the slopes of Cave Hill overlooking Belfast Lough. The hall quickly established itself as the go-to spot for wedding, events and dances.

Floral Hall Belfast

Floral Hall History

Opened in 1936 and was a perfect example of art-deco with bright and ornate interiors and was often referred to as the Ballroom of Romance.

It is estimated that over 130,000 people used the building in 1947 alone, highlighting Floral Hall’s immense popularity within the community. Its popularity continued well into the 1960’s where acts such as Roy Orbison and Pink Floyd frequented the hall.

Floral Hall closed in the early 1970’s as the Troubles took hold of the city and affected the nightlife. With the community not venturing out anymore, Floral Hall struggled to survive.

The hall fell deeper and deeper into disrepair and when Belfast Zoo opened in 1974, there were plans for Floral Hall to become a restaurant. These plans never materialised, and the hall became an animal food storage space.

Belfast Floral Hall

Signature Living Plans

At the leading property exhibition MIPIM, Signature Living announced their interest in the landmark site and their visions to restore it to its former glory.

They outline specific plans as well as GCI visualisations which showcase the potential of Floral Hall once it is reinstated as an entertainment, conference and wedding venue.

The cost to transform the Belfast hall is expected to be around £5m.

Signature Living’s owner, Lawrence Kenwright, described the building as “a gem” of Belfast social and cultural history.

He further said, “I am publicly stating my desire to acquire the Floral Hall from Belfast City Council and bring it back to use for future generations to enjoy.”

GCI proposals by Signature Living

Official talks are yet to take place on the future of Floral Hall but the interest expressed by Signature Living is an exciting step towards saving such an iconic budling.

Keep up to date with all of Signature Investments latest news by following us on Facebook, Twitter and LinkedIn.

For details of our latest projects, please call us on 0151 305 3757 or email info@signatureinvestments.co.uk.

Belfast: A City on the Crest of a Wave

Belfast is quickly establishing itself as one of the UK’s must-visit cities and Belfast’s regeneration is showing no signs of slowing down.

The Northern Irish capital has undergone some drastic transformations over the past decade which have in turn regenerated the city and cemented it as the next big destination.

Boasting a thriving tourism market and increased investment has ensured that Belfast is on the crest of a significant wave with the cities popularity expected to continue to grow.

Tourism Figures

In 2016, there were an estimated 4.6 million overnight trips to Northern Ireland which equates to almost a third of all tourism traffic to the region.

This strong performance is reflected in the cities hotel industry which in 2016 saw 991,000 hotel rooms sold at an average price of £77.95 per night, marking an increase of 4.1%.

An annual industry survey from ASM Chartered Accountants uncovered that hotel occupancy in Belfast also grew with record high figures of 83.5%, a significant increase on the previous year where occupancy sat at 77.5%.

This brought in a spend of £851 million for overnight trips alone with the city of Belfast accounting for around £335 million of that figure.

From shopping to culture and world-class entertainment facilities, Belfast has welcomed some fantastic tourism landmarks that have helped to increase the cities offering to visitors.

The cities rich past has been the driving force behind many of Belfast’s most popular tourist destinations such as the Titanic Belfast, Ulster Museum and Belfast Castle which have all received significant investment and transformed key areas in the city.

Titanic Belfast

The development of these tourist attractions has further fuelled a drive in the hotel market with many high profile developers investing in the city of Belfast to provide guests with a base to stay.

Colin Neill, chief executive of Hospitality Ulster commented; “Today’s tourism statistics show the importance of the sector to Northern Ireland’s economy and demonstrate not only how more tourists are visiting the region but are also spending more money as the hospitality sector continues to grow and add value to the economy.

“In Belfast, there was an increase of almost £60m in terms of tourism spend in 2016 compared to 2015.”

These figures are expected to keep on rising with significant development projects in place for the next couple of years including the Linen Quarter, the City Quays project at Belfast Harbour and several hotel developments including those by Signature Living.

Regeneration

 From the mid-1990s to 2007, Northern Ireland experienced one of its most economically prosperous and politically stable periods. However, the global economic downturn hit the country hard with a fall in employment, investment and the housing market.

Following a period of uncertainty, Belfast fought back and is now emerging from the recession as one of the most upcoming cities in the UK with growth across all areas.

In 2015, the council created a £18.7 million City Centre Investment Fund to support the implementation of projects which help towards the continued regeneration of Belfast.

The council have been working hard to ignite Belfast as a tourism hotspot investing vital funds into the regeneration of key areas for business, leisure and tourism purposes.

The council set out a City Centre Regeneration and Investment Strategy which pinpoints key action areas which include the Inner North, North East Quarter and Oxford Street & the Earner Bank as well as focusing on the transport hub.

Belfast: a City on the Rise

The Belfast regeneration strategy outlines; “Belfast has done well in recent decades to improve an economically dynamic and attractive city centre. It has, however, some way to go in comparison to other European cities of comparable size.

“It needs more; more people working and living in the centre, more visitors, more attractions, more commerce, more jobs, more street life and nightlife, more trees, more in-migrants and more development. More serenity, more bustle, more buzz. It is the combination of all those elements that makes a great city centre, that provides the self-fuelling chemistry for regeneration.”

There are a number of large-scale projects underway in Belfast which will reignite specific areas and help to establish the cities offering to both locals and visitors.

Increased tourism figures highlight that the regeneration programme is working and attracting new people from all over the world.

International Recognition

Belfast is a city that is being recognised in many forms.

In November 2017, the city was crowned 2017’s Rising Star at the National Geographic Traveller Reader Awards in London. This prestigious award was a great indicator of public opinion and certified that Belfast is a city to look out for.

Another prestigious award came from international travel guide group, Lonely Planet, who placed Belfast as the best place to visit in 2018 alongside the spectacular Causeway Coast.

Not only did this firmly pin Belfast on the traveller’s map but it was also the only area in the UK to make it into the Lonely Guide list, let alone to sit at the number one spot.

Investment in Northern Ireland

Investment in Northern Ireland continues to grow as the region boasts many highly attractive traits ensuring it is no surprise that almost 80% of investors have reinvested.

Around 900 international companies have also invested in Northern Ireland including Seagate Technology, Fujitsu, Bombardier Aerospace, Microsoft, Citi and Liberty Mutua to name a few.

In Belfast around 1,100 new hotel bedrooms are currently under development as well as three hotels by Liverpool-based hotelier, Signature Living including that of prominent heritage sites including The Scottish Mutual Building which will become The George Best Hotel, the former Crumlin Road Courthouse which will be transformed into The Lanyon Hotel and the former War Memorial Building on Waring Street which will become The Waring Hotel.

The Lanyon Hotel in Belfast

This increases the cities offering encourages healthy competition for developers and operators to continue to produce world-class facilities which improve the cities standing as a modern destination.

Belfast furthermore has a reputation for being one of the safest cities in the UK which again benefits the local and tourism community massively.

The combination of a young population, high-quality education and thriving tourism market is clearly an attractive offer for international investors and as more and more developments get underway, there are plenty of opportunities to get involved.

Scottish Mutual Building in Belfast

Furthermore, recent research conducted by CBRE identified Belfast as the third fastest growing office market in the world just behind Bangkok and Stockholm.

Demand for prime office space in Belfast positioned it ahead of other in-demand cities including New York and Amsterdam with an office rental growth of 14.3 percent year on year.

Thanks to a demand from business service firms and media, technology and telecoms companies, the office market in Belfast is experiencing an exciting boom which is expected to carry forward into the future.

The Waring Hotel

There is no doubt that Belfast is a city on the rise and you can become a part of it. Signature Investments have many developments underway that will certainly contribute to the city’s growth.

Discover the exciting project coming to Belfast from the Signature Living Group and become an investor today. Click here for our latest developments or get in touch today. 

Regional Cities Set for House Price Surge

Hometrack have revealed the top northern cities set to narrow the north-south house divide.

Regional cities such as Edinburgh, Birmingham and Manchester are set for a 20-30% increase in house prices over the next four years, narrowing the gap between cities in the north and south.

The data suggests that the cities listed above are expected to close the ‘growth gap’ on the capital of London by a staggering 20%-30%.

This means that in nominal terms, the average house price in London has soared by an extortionate 86% since 2009. This is the same for Oxford and Cambridge who have also performed strongly as well as Bristol where the average house price has risen by 70% in just 9 years.

House Price Surge in the UK

The report by Hometrack highlighted that Edinburgh was the fastest growing city in the UK which grew 7.7% in the 12 months from January.

Other northern cities such as Birmingham, Manchester, Leicester and Liverpool were close behind which all grew by an average of 6% per annum.

Although this is significantly less than the growth of the south, it does highlight the regional differences between cities in the north due to diverse demand and economic factors all playing a part.

In contrast, Hometrack further revealed that house prices in London are dropping in real terms, with the pace of growth in the capital slowing to 1.6% year-on-year.

This means that the UK city house price inflation is running at 5%, up from 4% in 2017.

This research further suggests that the income needed to support purchasing a home is as expected, well below the London average. This again brings about the question of sustainability with gross yields coming in well below 4.5% per annum.

With this in mind, they predict that house prices over the next three years will sink with lower turnover that has previously been seen. This combination will produce an undersupply and support price levels.

Regional cities set for house price surge

Richard Donnell, insight director at Hometrack, said: “The income to buy a home in regional cities is well below the London average so in the near term we expect to see rising house prices stimulating additional buying and market activity in those areas.”

“House prices have some way to increase before there is a material constraint on demand. This assumes mortgage rates remain low by historic standards and economy continues to grow.”

This news is good for investors looking to grow their portfolio in the north with Signature Investments having a range of investment opportunities in key northern cities such as Manchester, Liverpool and Preston.

To discover more about our diverse portfolio and how you can earn up to 8% ROI per annum with a hands-off investment, click here.

Hotel Room Investment for Beginners

Hotel room investment may be new to you but investing your money into property has long been a popular alternative to banks.

From buy-to-let to hotel room investment, the market is taking over from offering benefits and yields banks haven’t been able to match in years.

But what exactly is hotel room investment and is it right for you?

Signature Investments have created a quick and easy guide for those either looking to save their money away from the banks or for those who are looking to expand their property portfolio.

Hands-off Investment

Hotel room investments are the perfect choice for those looking to invest their money and not their time or effort.

As the hotel you’re investing in already has the infrastructure, you don’t need to worry about any of the day-to-day running of the hotel or management. This hands-off investment is ideal for those looking to see a decent return on their money without having to do a thing.

As opposed to buy-to-let investments, you will not need to spend the time or money looking for new tenants potentially, vetting them and dealing with maintenance issues. The hotel will ensure that the room is occupied through marketing and sales strategies, so you don’t need to worry.

Affordable Entry Levels

In comparison to a buy-to-let property, hotel room units come in at a much lower entry price but continue to offer great returns.

Investments with Signature Investments have a starting price of £65,500 making them easily accessible, even for first-time investors.

The three-step process of purchasing a unit is simple; pay the reservation fee and instruct solicitors, transfer 50% of the funds upon exchange then the additional 50% of funds upon completion of contracts.

Fully Managed

Unlike buy-to-let property investments, hotel investments are fully managed.

In the case of Signature Investments, all hotels are developed, owned and managed by Signature Living, the parent company of Signature Investments.

This means that from purchase to sales, all aspects of the hotel are run by one company.

The benefits of full management far surpass those of buy-to-let investments as there is no need to worry about finding tenants, ensuring occupancy and taking care of maintenance, as this is all taken care of. Hotel investments are truly fully managed and hassle-free.

Signature Investments at 30 James Street Hotel in Liverpool

Full Flexibility

Hotel room investments with Signature Investments are flexible for both the operator and investor.

Both the investor and Signature Investments will have the opportunity to buy back or sell back the unit between the years 3-10.

This ensures that the investor is not tied into a long contract and can withdraw their investment without complication.

Upon release of the funds back to the investor, they will receive an additional percentage on top of their yearly ROI’s, making it the perfect investment for those looking to build on their capital.

A Growing Industry

Hotels in the UK have seen a steady increase not only in infrastructure investment but in tourism levels and occupancy rates.

Signature Living is a company who are leading the way in some of the UK’s tourism capitals including Liverpool, Cardiff, Belfast and Manchester. Their hotels are experiencing their highest level of occupancy and many of their hotels and apartments have become destinations in their own right with many guests seeking out their locations as opposed to using price comparison sites to make their decision for them.

Offering a unique hotel experience, excellent customer service and competitive pricing has helped to establish Signature Living’s reputation as a market leader who continues to deliver on projects.

Investing in the UK hotel market with Signature Living

To conclude, an investment in a hotel room unit is the perfect investment for income.

The leisure and tourism industry and the need for accommodation will continue to grow and Signature Living is leading the way with a new breed of hotel which have been so successful. This has been demonstrated with hotels such as The Shankly Hotel, The Exchange and 30 James Street all created by Signature Living.

This further fuels demand for hotel rooms and underpins investment for high yield income.

Hotel room investments are one of the safest and most profitable investments that people can make. Take a look at some of Signature Investments current hotel room investment opportunities and grow your wealth today.

Liverpool is a Rental Market Hotspot

It is no doubt that Liverpool is a rental market hotspot, across the UK, the demand for rental properties remains high with the number of tenants choosing to rent privately increasing year on year.

It is estimated that nearly 4 million individuals currently rent in the UK with experts predicting that by the year 2025, 59% of 20 to 39-year-olds will be privately renting properties.

The UK rental market is strong however some cities are performing better than others; research carried out by leading credit broker, Totally Money, looked at the annual yields of UK cities, establishing the most lucrative locations for buy-to-let properties.

Totally Money reviewed the annual yields on 500,000 buy-to-let properties in Britain and their research highlighted that while landlords in London are struggling to make a decent return, those letting out properties in other UK cities were seeing a healthy return on their investment.

Liverpool was a city which came out on top with the city being crowned one of the most profitable places in the UK for landlords. From the cities thriving student population to cosmopolitan feel and great network connections, it’s no surprise the city has seen an increase in investment and popularity, ensuring it tops the list as a rental market hotspot.

Top 20 Rental Market Hotspots

Buy to let chart

Areas such as Kensington, Edge Hill and the city centre are hugely popular with students and millennial tenants who work and study in the city, boasting flexibility with their rental options.

The study found that landlords in the city of Liverpool can enjoy returns of around 12.63%, which is high compared to London’s SE1 area where landlords see an annual yield of just 2.36%. The table below highlights the top postcodes for rental returns with Liverpool boasting the top 3 places with L7, L6 and L14 areas with three more Liverpool postcodes featuring in the top 25.

The Development of Liverpool

The demand for high-quality rental properties in Liverpool is set to continue for years to come with the number of investment and development in the city continuing to grow ensuring it is a rental market hotspot.

Major areas of the city are currently under development from the North Point development at Pall Mall to Wolstenholme Square and Liverpool Waters there is plenty for investors to be excited about.

Investors with properties in the city are achieving higher yields than anywhere else in the UK. This is thanks to the combination of low average home prices at £122,283 and strong rents at £1,021 per month, making Liverpool the perfect place for investors looking to make a decent return on their investment.

With rental yields averaging 8% in the city, it’s no surprise why many are choosing to invest their money or savings into Liverpool opposed to the traditional method of putting their money in the bank.

People are fed up with their savings earning so little sat in banks that they’re looking for alternative ways to a) keep their money safe and b) enjoy a decent return.

Buy to Let UK chart

Signature Investments

Signature Living is one of the UK’s most exciting property developers and operators having started with a single apartment in Liverpool city centre in 2008. Almost 10 years later the group have developed several award-winning hotels and changed the way developments are funded, choosing investor-led backing over bank loans.

Each hotel room & residential apartment is sold to investors, earning an impressive return with the added benefit of flexibility, meaning the investor or developer can buy back the unit between years 3-10 at a generous rate.

Liverpool is a city which continues to grow with visitor numbers and student population increasing year on year. The property market in the city continues to be impressive and the inward investment and current developments underway is a positive forecast for the future of the city.

To discover more about Liverpool as a rental market hotspot, and to become a part of Signature Living’s success, call one of our sales advisors today to find out more about our latest investment opportunities in the UK’s leading rental hotspot.

The Waring Hotel

The story of 30 James Street

30 James Street, Home of the Titanic is one of Liverpool’s most impressive historical hotels.

Formerly known as Albion House, this magnificent Grade II* listed building was once the headquarters for the White Star Line shipping company where the RMS Titanic was created.

The White Star Line vacated the headquarters in 1934 after a merger with the Cunard Line and the magnificent building lay empty for nearly 80 years before myself and my wife Katie, restored it in 2014 and turned it into a luxury hotel complete with spa, restaurant, and rooftop champagne bar as well as large wedding venue within our White Star Grand Hall.

During World War II, the building suffered damage to the gable which was not rebuilt until the late 1940’s but thankfully the cast iron girders which were installed stopped it from being completely destroyed.

30 James Street is so rich in history we decided to celebrate the White Star Line and all those involved in the Titanic within the hotel.

I’m proud to say that 30 James Street is now a central landmark in the city and people come from all over the world to stay in this historic building and soak in all of its history.

30 James Street is a magnificent building and I’m so pleased with what it’s become and how well it has been received by not only the people of Liverpool but by people all over the world.

Watch the story of the 30 James Street Hotel below.

The Signature Living Story

Many people have heard of Signature Living, but many don’t know the story behind it all. Who is Lawrence Kenwright and how did Signature Living become one of the leading accommodation providers in Liverpool.

I started Signature Living on the 14th of August 2008 with just a single apartment on Victoria Street which was purchased from a liquidation I went through just a few years previous.

I was a victim, like many others, of the collapse of the financial market in 2006-2007 which resulted in me losing all of my assets.

After purchasing the whole Victoria Street block, we found one particularly large apartment which we decided to put 15 beds in. The larger apartments were booked out 6 months in advance and at this point we knew we were really onto something. We created something which unbeknown to us, was desperately needed. Stag parties, hen do’s and birthday groups needed large accommodation and Liverpool was the perfect city to host them.

This is when Signature Living as we know today was really born.

Since that financial crisis and coming back from the brink, we now own and operate three hotels, three apartment blocks, two restaurants, and a spa within our 30 James Street Hotel.

Over the next few years, we have a whole host of new developments in the pipeline, some of which are already underway across the rest of the UK and Europe.

The Signature Living you see today is worlds away from that one apartment we had on Victoria Street in 2008, and here is my story.
 

Taking Dereliction From Our Streets

It is well-known fact that Liverpool has more listed buildings than any other city outside of London, yet more of them are derelict and at risk than any other.

Many of these beautiful buildings have simply been left to rot, causing huge and unmanageable damage which is expensive to repair and in some cases irreversible.

It’s fair to say that Liverpool is on the crest of a wave; tourism in the city is booming with the city welcoming 57.6m visitors last year and was voted 3rd city in the world for the most visited city by Rough Guides. But sadly our commercial offering doesn’t offer the same hope and is arguably the lowest it has ever been. We have over 2.1 million square feet of empty office space in the centre of our city.

Restored Buildings

Thankfully, this issue with regard to our office occupancy levels has been veiled by the huge success that we are experiencing with the erection of many refurbished listed buildings that are now huge beacons attracting new guests to our city. These hotels include;

With the exception of The Shankly Hotel, all of the above have been derelict for many years and are now not only creating jobs but are also creating a lot of intrigue. Each and every one of these buildings is stepped in history, which make them a destination in themselves. Restoring these amazing and historic buildings breathes news life into the city and is so much better than new build properties which are more often than not, bland and boring. I’m more than happy to say that in recent years the restoration of historic buildings in Liverpool has increased and the number of new-build hotels has decreased.

30 James Street- Home of the Titanic
30 James Street- Home of the Titanic

The tourism industry in the city is absolutely booming, four years ago Liverpool had just over 2,400 beds with an average occupancy rate of 71%. There are now more than 7,500 beds reaching an average occupancy rate of 75% an increase of 4%, with weekend occupancy higher still. However, what we really need is to attract more companies to the city as a place of business to fill the hotel beds midweek.

But we can’t expect to maintain and expand our accommodation without the relevant investment. One of the main reasons Liverpool has found itself as a hub for property investors all over the world is due to the UK being seen as a ‘safe haven’ for investors. Especially as other countries are currently experiencing some economic difficulties.

The Shankly Hotel
The Shankly Hotel on Victoria Street

Liverpool’s Investment Potential

There are also a number of other factors which have contributed to the upsurge of property investors in Liverpool. In the capital city of London, market prices are increasing at an unprecedented rate year on year, meaning the return on investment isn’t as good as it could be. These investors have subsequently moved further north to cities such as Manchester and Liverpool. Manchester has become the capital of the North, boasting a huge commercial and tourism industry. The property market in Manchester is at its highest point, making the chances of finding a reasonably priced deal, very rare.

For this reason, Liverpool is now in the top five cities for property investment and development and is one of the most sought after cities in the UK. Overall, property values are still very low and we have an abundance of properties. From an investors point of view, Liverpool is the place to be. The cities popularity is increasing at a remarkable rate and the property market is rife with incredible investment opportunities offering safe and continuous investment.

Abandoned Buildings in Liverpool

In all of my 30 years in business, I have never known so many abandoned units being put up for sale. As the country and its banks have become more stable, they can afford to offload their liquidated assets which they viciously snatched from developers at the beginning of the recession. Unfortunately, I was one of those developers and believe this was a real catalyst in driving our economy even further into the mire.

Flickr/SteHLiverpool
Flickr/SteHLiverpool

Liverpool’s Mayor, Joe Anderson is widely known as a mayor who will help any investor or developer who wants to put their money into this great city. This message is one which should really resonate throughout the entire investment market, not only in Liverpool but also across the rest of the UK and the world. In order to gain more investment in our city, we must make the planning process much easier, this would only entice more investors and ultimately improve the development of Liverpool.

Lyceum Building, Bold Street / liverpoolecho.co.uk
Lyceum Building, Bold Street / liverpoolecho.co.uk

However, it has to be said that there are a number of buildings in our city which have listed status. Due to this, the owners of these buildings are not paying the rates and, therefore, do not have any desire to develop the sites. There are other methods that our conservation department could use which would help to reignite their desire to develop or even sell their properties to others who do wish to restore and develop them.

We do not want to be a city which is associated with dereliction and empty spaces, we have the opportunity to fight back and continue on the path which sets Liverpool as a major city in the UK and Europe for both leisure and business purposes. By making the city more accessible to developers and investors, I believe this can only have a positive effect on our plight of ripping dereliction from the streets of the city centre.

Signature Living Buys West Africa House

We are very pleased to announce that Signature Living have bought Africa House, a grand 20th-century building located on Water street.

Acquiring this beautiful building is the next step in our expansion plans which will see us obtain a number of unused and listed buildings in the city and develop them into grand spaces which can be used and appreciated by the public.

The building currently lies empty apart from Oh Me Oh My, a teahouse situated on the ground floor as well as being home to a rooftop bar.

The eight-story building will be transformed into seven floors of luxury one and two bedroom apartments with the same plush luxury feel as out other serviced apartments around the city.

The building offers stunning views of the majestic Three Graces and we hope to bring this building to life once again.

The building is a huge 6,500 square foot and was previously home to the Bank of British West Africa and was a prominent place of business in its heyday.

This is the second residential development we have announced in the past couple of weeks, last week we revealed the CGI plans for 60 Old Hall Street which will be our first multi-purpose development. 60 Old Hall Street will comprise of office space, apartments, a retail unit and a rooftop gym and garden which will also feature an outdoor running track boasting incredible views of the city and the River Mersey.

We are delighted to have acquired West Africa House, this unique building offers stunning views of Liverpool’s historic waterfront.

I am really excited about the plans we have for this well-known building and it further demonstrates the company’s growing strength in the residential marketplace.

2016 is going to be an ambitious year for Signature Living with many more exciting announcements to be unveiled in the coming months.