Update: 11 Jan 2013
Langtree reported pre-tax profits of £12.9m for the year to June, 2012 – up 46% on the previous year.

Work will begin on the first phase of housing on the former Garden Festival site in Liverpool within the next 12 months, Langtree boss John Downes said during a visit by Lord Heseltine and Sir Terry Leahy last night.

Downes said interest from potential house buyers had encouraged the developer to start marketing the residential element of the site in the coming weeks.

“Work could start on site later this year or early next year but certainly within a year of today there will be construction here of the first residential phase,” Downes said.

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