Liverpool Student block developer ran out of cash after taking £11m from buyers
A collapsed student developer in Liverpool took more than £11m from overseas buyers – but ran out of money to get the building finished.
Work on The Quadrant in Shaw Street, Everton, stalled two years ago leaving investors who had bought flats in the block fearing for their money.
Developer Pinnacle Student Developments (Liverpool) went into administration in January with “insufficient funds” to get the building finished …