Liverpool-based contractor and developer Vermont, alongside Peel Waters, X1 Developments, and Starlight Investments, has completed construction of the 278-home Lighthaus Tower Build-to-Rent (BTR) development in Princes Dock, Liverpool Waters, with its first residents set to move in later this month.
The 31-storey residential development, which offers a mix of studio, one, two, and three-bedroom apartments, includes a sky lounge with panoramic views across Liverpool and the River Mersey, a fitness centre, co-working spaces, 24-hour concierge service, and a residents’ lounge. The development has been designed for modern renting, which is professionally managed with convenient access to the city’s iconic waterfront and attractions.
Beyond delivering much-needed BTR housing for the area, the project has also created vocational pathways for local residents during construction, including permanent positions, apprenticeship schemes, and work experience placements through the City of Liverpool Construction Academy also located within Liverpool Waters.
The practical completion of this project also marks another significant milestone in the continued delivery of the Liverpool Waters masterplan, the largest urban regeneration initiative in the city’s history. Led by waterside regeneration specialists Peel Waters; the emerging Liverpool Waters district will help deliver thousands of new homes and significant commercial and leisure space, reinforcing Liverpool’s position as a major northern growth centre.
Lighthaus is the most recent residential development to be completed within the thriving Princes Dock neighbourhood at Liverpool Waters. The neighbourhood now has over 1,000 completed homes, thousands of workers on site, Liverpool Cruise Port, the Isle of Man Ferry terminal and the incredibly popular Wyld Sauna – the UK’s first public floating sauna experience. Princes Dock also received international attention for being announced as the location for the first floating Padel tennis courts in Great Britain which are set to open in spring 2026.
Speaking on the completion, Chris Capes, Liverpool Waters Development Director at Peel Waters, said:
“This achievement reflects our long-standing partnership between Peel Waters with X1 Developments and Vermont Construction, whose expertise has been instrumental in delivering exceptional results. Beyond creating a stunning new residential tower, this development has generated a fantastic pipeline of opportunities for local people throughout the build; from full-time employment to apprenticeships and placements for students at the onsite City of Liverpool Construction Academy.
“Lighthaus demonstrates the strong appeal of Liverpool Waters as a destination for international investors, reinforcing the confidence in our vision and we’re only just getting started. With more residential developments, new public spaces, and vibrant amenities on the horizon, Liverpool Waters is shaping up to be one of the most exciting waterfront communities in the UK.”
Mark Connor, CEO of Vermont, added:
“This project underscores Liverpool Waters growing reputation among global investors and Peel’s ambitious plans for the development of Liverpool’s waterfront. This is just the beginning of its exciting transformation.
“Lighthaus has delivered more than just an impressive BTR residential landmark for the area – it has also allowed Vermont and their supply chain to develop local skills and training opportunities through employment and apprenticeship programmes thanks to the City of Liverpool Construction Academy.
“A big thanks to our partners Peel Waters with X1 Developments and Starlight Investments, whose continuing commitment and investment have been vital to achieving the project’s successful delivery.”
Nick Sweeney, Chief Executive at X1 Developments, said:
“We are delighted to have delivered this stunning building in Liverpool Waters for Starlight Investments’ growing UK BTR portfolio. This ambitious development which provided employment opportunities for numerous local businesses and individuals has culminated in the completion of a stunning residential building on the prestigious and iconic Liverpool waterfront.
“We are extremely grateful for the strategic partnership we have formed over many years and projects with Peel, Vermont and Savills which has enabled us to deliver this outstanding building.”
Jonnie Milich, Head of UK Residential, Starlight Investments, commented:
“Lighthaus is an important addition to our growing UK portfolio and a great example of how collaboration and long-term investment can help address housing supply in key regional markets. We’re proud to support the Liverpool Waters regeneration masterplan and to see strong pre-leasing momentum, reflecting the city’s growing demand for high-quality rental homes.”
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