07/05/2010

NI-Based Company Wins Liverpool Project

A Northern Ireland-based property company has been granted planning permission to build a £56m development in Liverpool city centre.

Tara House aims to locate the development on Oldham Street and has drafted in Liverpool architects, Falconer Chester Hall as designers of the project.

The scheme will comprise a 140-bedroom three-star hotel, a 130-bedroom budget hotel, and 113 post-graduate studio apartments as well as a basement car park of 247 spaces.

An international hotel operator for both hotels is expected to be announced later this month.

Work is due to start on site in the third quarter of 2010 with the first phase to be completed in the third quarter of 2011, and the rest of the development early in 2012.

(NS/GK)

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