Ascot Group Concludes Sale of Interest in £250M New Chinatown Site

Ascot Group has formally concluded a deal with administrators to sell our secured interest in the £250 million New Chinatown development site in Liverpool city centre.

Through our sister company, Ascot Capital, we held first legal charge over the 4.5-acre site, having acquired the original bank debt associated with the stalled scheme. Despite being the highest bidder by a significant margin, we were ultimately not selected by the administrator to complete the land acquisition.

While naturally disappointed by this outcome, we remain proud of the role we played in stabilising the asset during a complex and sensitive process. We would also like to extend our congratulations to Liverpool City Council, who successfully acquired the land and now take on responsibility for the future of this vital regeneration site.

The New Chinatown location represents one of the most high-profile and long-standing development opportunities in Liverpool. Its future is of great importance to the city, and we wish the Council every success in its redevelopment and delivery.

At Ascot Group, we continue to focus on strategic land investment, debt acquisition, and the delivery of stalled or distressed sites across Liverpool, Manchester, and the wider North West.