Zentra Group PLC (AQSE: ZNT), the Manchester-based residential developer, development manager and property manager focused on the North of England, is pleased to announce that it has agreed an extension to its existing secured loan facility in relation to its New Islington development.

The extension revises the maturity date of the facility from 9 July 2026 to 9 January 2027. All other material commercial terms of the facility remain unchanged.

During 2026, Zentra has advanced the tender process for the build contract and has also progressed design development options through pre-application engagement, with the preferred route intended to enhance the quality of the scheme and support delivery of additional residential accommodation within the existing building footprint.

The extension provides the Company with additional flexibility as it continues to progress New Islington through the final stages of design development and procurement, with a view to moving the project into the construction phase in Q1 2027.