Signature Living Continues Bullish Expansion in 2017
Liverpool-based developer Signature Living has become a huge success story since the firm was founded by Lawrence Kenwright back in 2008. Flying in the face of a contracting construction sector since the financial crisis, Signature Living has developed a bulging portfolio of prime real estate that includes luxury hotels, first-class executive apartments and commercial real estate.
Yesterday, Signature Living announced the acquisition of the Scottish Mutual Building in Belfast, which follows hot on the heels of the firm’s foray in Northern Ireland’s capital, with the recent purchase of the Crumlin Road Courthouse. The developer intends to invest in the region of £15m to refurbish its second Belfast acquisition as a luxury hotel.
Signature Living Ups the Ante as Private Developer of 2017
Having scooped the prestigious award from First Time Buyer magazine just a week ago, Signature Living has raised the bar for private developers across the UK. One of the brand’s most notable successes has been in the affordable housing sector, where there is critically short supply throughout the country.
Through prolific development of affordable and yet luxurious residential apartments like Daniel House and Old Hall Street in Liverpool, the developer consistently brings assets to market that not only offer significant yields for BTL investors, but also a superior lifestyle to residents that totally bucks the trend in affordable housing.
Big Plans for Belfast in 2017
The Scottish Mutual Building was completed in 1904 is located in central Belfast and was designed by Henry Seaver. The property represents the standard of Signature Living’s development portfolio, which includes several iconic landmark buildings predominantly in Liverpool. The firm also plans to open a George Best-themed venue in Belfast, with 3 additional hotels in the pipeline that will create around 500 jobs in the city.
Lawrence Kenwright said: “By committing £15m to the project, we see this as an investment in Belfast and Northern Ireland’s flourishing tourism industry. We want to bring new hotel experiences to the city for international tourists, as well as domestic and business tourists.