Mount Property Group Appoints Barton On Innovo House

Developer and investment firm, Mount Property Group, has today announced it has appointed Barton Group Services as construction partner on its latest Liverpool scheme, Innovo House.

Located on Devon Street in Liverpool’s up-and-coming Knowledge Quarter, the development is made up of 124 apartments, comprising 80 en-suite units & 44 studios. In addition to the apartments, the development will have a guest concierge, ground floor social space and bike storage.

Speaking about the appointment, Michael Chrysokhou, Managing Director of Liverpool-based Mount Property Group, said:

“I’m delighted to announce Barton as construction partner on the scheme and I’m looking forward to seeing Innovo House come to life over the coming months with ground works starting next month. This is our second scheme with Barton and so it’s great to build on the partnership.”

“Kickstarting our second project with Mount Property Group builds on the successful and trusted partnership we have developed together. Innnovo sits only a stone’s throw away from our current scheme on site, Natex, both perfectly positioned within the Knowledge Quarter offering students high-end living accommodation.

Matt Fawcett, Managing Director of Barton Group Services added:

“In addition to being appointed as management contractor on Innovo, we are also providing construction design and SHEQ services, so it’s a full team offering which is firmly rooted in providing reliable cost certainty and a truly transparent approach.”

The project is scheduled for completion in September 2020, ahead of the annual intake of students.

Founded in 2012, Mount Property Group is a Liverpool based property developer and investment company with five schemes currently in development.

It was announced in May this year that a Singaporean Institutional investor, Solibuild Group Holdings had invested an undisclosed sum into the Innovo scheme – the first time that Soilbuild has invested in the UK market in the company’s 40-year history. This highlights its confidence in the Liverpool student accommodation sector and the wider UK property market.

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£1.5bn plan is Sheffield’s ‘biggest ever’

Sheffield’s biggest ever development project has been unveiled – a £1.5bn plan to transform the area around Midland station.

The hugely ambitious project would see the closure of Park Square roundabout and Sheaf Street – the dual carriageway that runs in front of the station – would swap places with the tram route that runs behind.

A huge, landscaped pedestrian bridge would link Park Hill with Howard Street and the multi-storey car park on Turner Street would be demolished and moved further away.

It would be replaced by an office block – one of up to 12 planned in the ‘Sheffield Valley’ zone, including four outside the station, employing up to 3,000 people.

Up to 1,000 homes – flats and houses – could also be built.

The total cost of the 20-year scheme is estimated at £1.5bn, dwarfing the £480m Heart of the City II development.

Mazher Iqbal, cabinet member for business and development, said the plan was to maximise the economic potential of the area and make the most of HS2.

“This is the biggest, most ambitious and most expensive development project Sheffield has seen.

“This is about making the most of HS2 and Northern Powerhouse Rail and unlocking private sector development to bring in businesses and jobs.

“It will transform the Sheaf Valley and visitors’ arrival at the station, join Park HIll with the city, connect the station with Heart of the City II and create an entire new quarter for Sheffield.”

The new tram route would run from Fitzalan Square, along Pond Street, stop outside the station and continue along Suffolk Road to Granville Square.

The bus station on Pond Street would be reduced in size to make room for the tram tracks and offices on stilts potentially built on top.

Park Square roundabout and Sheaf Street would become a park and link into the Grey to Green scheme at Victoria Quays, Castlegate and West Bar.

Coun Iqbal said the council would co-ordinate the project. Funding could come from several organisations including the city council, HS2, SYPTE, Transport for the North, Network Rail, Sheffield City Region and the Department for Transport. But the bulk of the costs – up to £1bn – would be from the private sector, which would build the offices, restaurants, bars and potentially a hotel.

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