Integritas Property Group Secures £10,000,000 Development Loan - The Business Scout

Northwest based ethical property developer Integritas Property Group (IPG) has secured a £10 million development loan from Maslow Capital to fund the next stage of IPG’s residential development at The Lyceum, Greater Manchester.

Following the completion of groundworks and foundations, the loan from leading provider of real estate development finance Maslow Capital will provide working capital for the next phase of the high-end development situated in Eccles.

All 82 units have been purchased leasehold after they were released for investment in February 2023, with the first expected completion date set to be within Q1 of 2024.

IPG took over The Lyceum, Greater Manchester development in 2020 after the previous developer went into administration, establishing the Lyceum Investors Group to protect investors’ interest and ensure the site’s completion as planned.

Mitchell Walsh, Managing Director of IPG, co-ordinated the sale of the scheme back to the investors with accountancy firm Cowgills, which replaced FRP as Administrator in February 2021.

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