Developer Integritas Property Group secures £32m in new funding to complete two Liverpool residential schemes, just outside the city centre, totalling 207 apartments. Tony McDonough reports
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.
“The past period has been challenging, not only for IPG but for many developers operating within a changing regulatory and economic environment.
“The introduction of the Building Safety Regulator has created a far more complex landscape for the wider sector, and navigating that process has required patience, resilience and a continued commitment to doing things properly.
“Throughout that time, our focus has remained on protecting the schemes, supporting our stakeholders and ensuring we had the right funding and delivery partners in place to move forward responsibly.”
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In March LBN revealed Integritas expects to complete another new homes development on the Leeds-Liverpool Canal in the first quarter of 2027.
Costing just over £13m, Cavendish Waters will comprise 70 apartments across six floors. The project sits on the Leeds-Liverpool Canal in north Liverpool just a few yards from Merseyrail’s Sandhills station and close to Everton FC’s Hill Dickinson Stadium.