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A scheme delivering almost 150 “high-end” waterfront apartments has gone into receivership after work stalled last year - but a deal aimed at reviving it has been agreed.

Developer Assetcorp had been building the second phase of Parliament Residence - set to deliver 145 one and two-bed apartments in the middle of Liverpool’s Baltic Triangle.

Work began in 2018, with millions of pounds pumped into the scheme by investors based all over the world - as far afield as China, the Middle East and USA.

But late last year, the investment vehicle behind the company, AC Parl Street 2 Ltd, was put into receivership, according to Companies House documents - with real estate and consultancy firm David Currie officially appointed as a receiver in December.

The development, for which units were sold off-plan, is said to be around “70%” complete and in a “dangerous” condition.

This week, a spokesman for prominent city firm Legacie Developments confirmed it had put in a bid to “rescue” the project.

He told BusinessLive : “It is currently in a dangerous condition from the damage that has been caused once the site stalled and requires significant investment, and the support of Legaice's expert team, to bring it to standard.

“Our vision is to create a quality residential development on this site so that Liverpool is not left with another stalled scheme.”