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The near 300-apartment One Baltic Square development in Liverpool, which is currently under construction, has been acquired.

Liverpool-based Nexus Residential has bought the 296-flat scheme from YPG Developments for an undisclosed sum.

The company has appointed Legacie Contracts to complete work and is aiming to have the first units ready for handover in October.

The residential scheme will include one, two and three-bedroom apartments.

Michael Gledhill, director of Nexus Residential, said: "We are delighted to have agreed the acquisition of One Baltic Square from YPG Developments and would like to thank them for bringing the development to this stage of construction.

"This is a key strategic site located in the southern gateway to the Baltic Triangle and adjacent to the famous Cains Brewery. It is a truly landmark site.

"We will be creating a large landscaped public piazza as the centrepiece of the development as well as four large commercial units and underground car parking.

"We’re looking forward to completing the site and handing over to our rental management team.

"This is an exciting period for Nexus as we grow our work in Liverpool. One Baltic Square fits nicely with our other current projects in the city including Element - The Quarter and City Residence - The Apartments."