Baltic Creative, which has developed and managed the Northern Lights space for the last 9 years, is handing it over to new owners, Dusanj Real Estate.
The original scheme was backed by a £310k Social Investment Business Loan and £90k of Baltic Creative’s own investment, to transform the 45,000sq ft of disused warehouses into a repurposed, bespoke space for artists, designer-makers and the creative industries.
It became a catalyst for the redevelopment of the Cains Brewery Village area of the Baltic Triangle, which has gone on to welcome operators such as Boxpark, the Jacaranda, Baltic Market and a host of independent brands.
“Northern Lights was set up as a project to do two things – to create a home for the arts and creative communities, and act as a further catalyst for an emerging part of the Baltic Triangle. The scheme has achieved both of these things and we couldn’t be happier to see the community remain in the area longer term, under new management,” explained Lynn Haime, CEO at Baltic Creative CIC.
“Northern Lights has been a vital part of Baltic Creative’s journey and contribution to the area’s transformation, and we’re extremely proud to have created an affordable and dynamic home for artists and makers over the past decade.
“We are proud of the role that Northern Lights has played in the regeneration of the Baltic Triangle and, as this project comes to an end, we are now in a position to take what we’ve learned and continue this work in other parts of the region that are in real need of regeneration.”
All existing tenants, which include artist-led gallery The Royal Standard, Ryde Coffee shop, and Sort Rehearsal Rooms, will continue to operate from the space after the handover.
Dusanj Real Estate acquired the site in 2002 and said it bold plans for the future.
“Northern Lights has played an important role in shaping the Baltic Triangle into a creative and cultural destination, enabled through the longstanding commitment of Baltic Creative CIC and the artistic contributions of the scheme’s tenants,” added Ajmail Dusanj, Director at Dusanj Real Estate.
“Looking ahead, our ambition is to build on this momentum, while continuing to support existing tenants and attract new partners who can support us in making Northern Lights and the wider Baltic Triangle area into one of Liverpool’s most vibrant destinations for creativity, enterprise and community.”
