We announced in March that St Modwen had offered for sale the Telegraph House shops and offices in Moor Lane, Crosby, together with the derelict site which once housed a terrace of cottages.
The site was intended to be sold by auction but attracted considerable interest and was sold privately for £1m before the auction took place. The buyer of Telegraph House has been confirmed as Crossfield Exclusive Developments, part of Crossfield Group, based in Liverpool.
Crossfield plans a £15m scheme to redevelop the prominent site after demolishing the current structure and create a four-storey building on the site, attracting a retailer to units on the ground floor and creating quality one- and two-bedroom retirement apartments on the floors above.
Construction will be carried out by Crossfield Construction and will create jobs for local people, both on site and through the supply chain.
Martyn Barber, Chairman of Sefton Central Conservative Association and Blundellsands Ward Candidate for 2021, commented: “It’s great to see that despite these difficult times imaginative developers have expressed their confidence in Crosby as a place in which to invest. It’s also good to see that they share the views we in the Conservative Party have expressed for some years, bringing housing and other varied uses in addition to shopping and catering in order to create a vibrant Village hub. We now look to Sefton Council to play their part by improving and maintaining their car parks, creating more green spaces and introducing electric vehicle charging points.”