INTEGRITAS
PROPERTY GROUP
PROPERTY GROUP
Property developer Integritas Property Group (IPG) has secured a £10m development loan from Maslow Capital to fund the next stage of its residential development at The Lyceum, Greater Manchester.
Following the completion of groundworks and foundations, the facility will provide working capital for the next phase of the development in Eccles.
IPG took over the development in 2020 after the previous developer went into administration.
The developer is now repurposing the building into 82 residential properties with a mixture of one-, two-, and three-bedroom apartments, as well as a small retail space with select residential units having access to views across the Peak District and Pennines.
All 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.
The Grade II listed building has spent time as a theatre, cinema and a bingo hall, and is being restored in line with English Heritage expectations.
Read more here.
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