Zentra Group PLC (“Zentra” or the “Company”), the Manchester based residential developer and development manager is pleased to have today signed a 12-month extension to a £500,000 unsecured loan.  

In March 2024, the Company announced its repayment of a £1.5 million unsecured corporate bond and secured a new 12-month £500,000 unsecured loan with a bondholder at an interest rate of 8% per annum. This loan has now been extended for a further 12 months at a revised interest rate of 6% per annum, effective from 15 March 2025.

The extension provides the Company with additional financial flexibility as it continues to execute its development strategy, ensuring it can allocate capital effectively while progressing key projects.