Integritas Property Group has secured a £15.5 million development funding facility for its Central Point development in Liverpool, marking a major milestone in the continued delivery of the scheme.
The funding has been secured through a new partnership with BG Lending and provides the capital required to progress construction activity across both developments. IPG will now begin remobilising the site in preparation for works to continue, with commencement to proceed once the necessary authority is granted by the Building Safety Regulator.
The transaction follows a detailed lender due diligence process against the backdrop of a significantly more complex regulatory environment for the UK property and construction sector, particularly following the introduction of the Building Safety Regulator. Navigating this period has presented challenges across the sector but securing a facility of this scale underlines continued confidence in the quality of the schemes, the strength of underlying demand, and IPG’s ability to deliver.
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