A thriving business location at the heart of a revitalised and vibrant premier European city
Infinity JV buys the Albany
Source: Insider
The Albany Building in Liverpool’s Old Hall Street has been bought by Manchester-based private equity and property finance firm Infinity Asset Management in a joint venture partnership with 53N.
Infinity (Albany) LLP has paid an undisclosed sum to administrator Ernst & Young or the Albany. The building, a former cotton warehouse, had been developed into apartments by Albany Assets, which went into administration when the residential property market collapsed.
Infinity’s property arm is headed by ex-Ask Developments director Les Lang. 53N involves Stephen Chicken and ex-Urban Splash man Andrew Waugh.
Lang told Insider: “It’s a beautiful building and we’re proud to take possession of it. It needs some tender loving care to make it what it always should have been. We’ve got to sort the commercial spaces and make good the common areas as well as do work on the exterior, the roofing and the rainwater systems. We’ve got a programme of works and I expect it to be complete by Christmas.”
Fifty-five of the Albany’s 123 apartments had already been sold. Infinity Albany has bought the the balance, of which 20 apartments are let, along with the commercial space, previously partly occupied by a restaurant.
back
Source: Insider
The Albany Building in Liverpool’s Old Hall Street has been bought by Manchester-based private equity and property finance firm Infinity Asset Management in a joint venture partnership with 53N.
Infinity (Albany) LLP has paid an undisclosed sum to administrator Ernst & Young or the Albany. The building, a former cotton warehouse, had been developed into apartments by Albany Assets, which went into administration when the residential property market collapsed.
Infinity’s property arm is headed by ex-Ask Developments director Les Lang. 53N involves Stephen Chicken and ex-Urban Splash man Andrew Waugh.
Lang told Insider: “It’s a beautiful building and we’re proud to take possession of it. It needs some tender loving care to make it what it always should have been. We’ve got to sort the commercial spaces and make good the common areas as well as do work on the exterior, the roofing and the rainwater systems. We’ve got a programme of works and I expect it to be complete by Christmas.”
Fifty-five of the Albany’s 123 apartments had already been sold. Infinity Albany has bought the the balance, of which 20 apartments are let, along with the commercial space, previously partly occupied by a restaurant.
back
