North West developer and construction company Legacie Developments says it has paid back over £5m in rental payments to investors in the business.
The Liverpool-based company said the figure, which represents significant returns paid back to domestic and international investors in its residential development projects over the last four years, is a "major milestone".
The firm said the news sets it apart as one of the most "lucrative, exciting and trusted property development companies in the UK".
John Morley, managing director, said: “We are building a reputation as one of the most reliable property developers in the country and our investors are benefiting from the trust they’ve placed in us. I am proud that we have hit the landmark £5m figure.
"It is great news for our investors but it is also good news for the property development sector in the entire region as it instills trust in the sector and in companies that deliver. I think that is important right now especially at a time of economic uncertainty.”
Legacie recently announced a new £40m residential scheme at Salford Quays in Great Manchester.
The company, founded by John Morley in 2016 , has delivered multiple residential projects in the region including Liverpool’s Ropemaker Place apartment scheme, the renovation of the historic 'Dale Street shops' in Liverpool and the redevelopment of the flagship Reliance House in the city’s commercial district.
Work to Legacie’s £90m Parliament Square development within Liverpool’s Baltic Triangle district is at an "advanced stage", and the first phase of the four-block, 500 apartment residential and retail scheme is due to open in summer 2021.
Colin Croxton, lettings manager at Legacie Developments, said: “This is a remarkable achievement that everyone at Legacie is proud of. We have worked tirelessly for our investors ever since the company started back in 2016. Our hands-on approach has meant we have developed a great relationship with investors. So much so, 99% of investors who have bought with us, stick with us. The company is developing a reputation for reliability and quality and investors are telling us that they are incredibly happy with the returns they are seeing."
