Belfast Telegraph

Belfast businessman's £2.6m scheme for new apartments in Liverpool

Dream Apartments’ vision for the development in Liverpool
Dream Apartments’ vision for the development in Liverpool
Dream Apartments’ vision for the development in Liverpool
Ryan McAleer

By Ryan McAleer

Northern Ireland's leading serviced apartment provider, Dream Apartments, has announced plans to a launch nine luxury, fully-serviced penthouse apartments in Liverpool, worth an estimated £2.6m.

Owned and operated by Belfast businessman Tom Smyth, Dream Apartments has fast become the leading serviced accommodation supplier in the UK, with more than 300 properties world-wide and international partners across Europe. Recent figures show a growth in revenue of 46% in the last 12 months.

The latest investment in the Water Street Complex in Liverpool will add to their extensive portfolio of 50 apartments in the same development.

Mr 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 with 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 area.

The new development brings Dream Apartments offering to 109 properties in Liverpool and 127 in Belfast, with a further 30 to open within the Sanford development on the Queen's Bridge in spring. The business also has properties in Newcastle, Paris, Barcelona, Amsterdam and Sao Paulo in Brazil, and employs more than 70 people across the UK.

Mr Smyth continued: "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."

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