Developer secures £32m to complete Liverpool schemes - Liverpool Business News

15
May

Integritas Property Group will push on to complete two Liverpool residential projects after securing £32m from BG Lending.

This cash from BG will allow Integritas to finish Central Point, which comprises 52 apartments, and its sister project Sovereign Point which comprises 155 apartments. They are both in Naylor Street just north of the city centre.

Integritas will now begin remobilising the site in preparation for works to continue and will proceed once the necessary authority is granted by the Building Safety Regulator.

Mitchell Walsh, chief executive of Integritas, said. “Securing this development funding facility is a major milestone for Integritas Property Group and represents a strong vote of confidence in Central Point.

“We are extremely grateful to BG Lending for their support, confidence and belief in the long-term value of these developments. Bringing a new institutional lending partner into Liverpool is significant, not only for IPG but for the wider city and regional property market.

Read more here.

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