Two prominent Signature Living properties have been put on the market after a difficult year for the Liverpool-based hotel group.
It was revealed on Tuesday that 60 Old Hall Street in Liverpool and Victoria Mill in Manchester are to be sold months after both schemes fell into admini stration.
Commercial real estate firm Lambert Smith Hampton said it had been instructed by joint administrators at FRP Advisory Trading, with the properties "expected to attract significant levels of interest".
The news comes after a torrid year for the , suffering the impacts of Brexit uncertainty followed by the coronavirus - which severely impacted the hospitality sector.
The pandemic saw multiple parts of the Signature Living business fall into administration, which also included .
The company said recently it is adamant its future is .
Ian Scott, national head of build to rent and PRS at Lambert Smith Hampton, said: “We are delighted to bring these two schemes to market. Both opportunities provide an immediacy in terms of delivery which ground up development doesn’t.
“The combination of quality accommodation in outstanding locations makes both schemes an excellent investment opportunity particularly when you consider the strength of the residential market compared to a number of commercial property markets at this moment in time."
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Mr Scott said the two properties both provide "exciting development and investment opportunities", with the residential market appearing "robust" in comparison to other commercial property markets.
60 Old Hall Street was hoped to become a 167-apartment block across nine floors, including a three-storey extension, with a rooftop gym and race track.
Signature Victoria Mill Limited was overseeing the part-conversion of Victoria Mill in Miles Platting, Manchester.
The Grade II-listed former textile mill is a six-storey building, part of which has previously been converted into apartments.
The part owned by Signature Victoria Mill Limited was in the process of being converted into 85 apartments across floors one to five. The ground floor is currently occupied by various divisions of the NHS.