Aura scheme previously put on hold in the wake of fraud allegations into developer Elliot Lawless
A £100m mixed-use scheme in Liverpool stalled by a police investigation into its developer is set to be completed by the original contractor.
Work on the £100m Aura hotel and student accommodation scheme ground to a halt in the wake of a probe into Elliot Group founder Elliot Lawless.
He was arrested last December on suspicion of fraud along with a Liverpool council official believed to be regeneration chief Nick Kavanagh. Neither man has been charged.
The scheme, along with two others Elliot Group was developing, went into administration in March. Aura was being built by Liverpool contractor Vermont.
But Vermont said it has struck a deal with a group of investors who have bought the site from the administrator David Rubin & Partners.
Work will restart this month with the first phase of the 1,000 unit complex due to be completed next September.