UK: Belfast-based operator Dream Apartments is to invest £2.6million in nine new luxury penthouse properties in Liverpool.
The apartments, in the Water Street Complex, will join 50 apartments in the same development which Dream already operates.
The company now operates more than 300 units across the UK saw a growth in revenue of almost 50 per cent in the last 12 months.
Managing director Tom Smyth said: “2019 is going to be absolutely fantastic for the business and an increase in the demand for luxury, high-end serviced apartments has allowed us to grow our offering both in Liverpool at the Water Street development, in one of the UK’s leading business destinations, and indeed closer to home in Belfast. Our initial 50 apartments within the complex are operating at an extremely high occupancy rate, thus our decision to increase the offering.”
The new penthouses, scheduled for opening in Summer 2019, will offer a higher-specification, larger property, sleeping up to eight people, to service the high-end, discerning corporate and leisure guest. All have access to roof gardens and panoramic views over the city. The complex is sited in a prime location in Liverpool’s business district on the historic waterfront and within walking distance to the city’s main shopping.
The new development brings Dream Apartments offering to 109 properties in Liverpool, 127 in Belfast with a further 30 to open within the Sanford development on the Queen’s Bridge in Spring 2019. The business also has further properties in Newcastle, Paris, Barcelona, Amsterdam and São Paulo Brazil, and employs over 70 people across the UK.
Smyth added: “Liverpool is a global city, with a forward-thinking perspective and exceptional economic strengths. Blue-chips, start-ups, entrepreneurs and emerging talent are attracted to Liverpool by investment opportunities, business benefits and a fantastic city to live, work and socialise in. Our new penthouses will offer our clients an even higher standard of living, larger rooms, better views all with the exceptional Dream standard of high-speed WiFi, concierge and house-keeping service, 24hour parking, LED mood lighting and roof gardens. We are confident that our entire Water Street offering is a fantastic addition to Liverpool’s corporate market on both short to long-term contracts.”
“The serviced apartment industry is such a growth area not only in Belfast and Liverpool, but on a global scale, and one which we are delighted to service. We have further plans for growth for 2019 and beyond. We are also in the planning stages of a major project set to launch in 2021 in the Baltic Triangle in Liverpool which will be our biggest project to date.”
