£10 Million Financing Secured For Deakin’s Yard Development In Newcastle-Under-Lyme

Integritas Property Group (IPG) has secured a £10 million funding facility for Deakin’s Yard, its purpose-built student accommodation (PBSA) development in Newcastle-under-Lyme.

The facility, provided by London-based Pivot Finance, represents a major milestone for the scheme as it progresses through the Building Safety Regulator Gateway 2 process and moves towards delivery for the 2026/2027 academic year.

Deakin’s Yard is structurally complete, with all relevant health and safety certificates in place. The refinancing was required while the development continues through the Building Safety Regulator sign-off process, which has created timing pressures around delivery despite the substantial completion of the asset itself.

In response, IPG worked closely with its advisers and funding partners to restructure the transaction in a way that reflected the development’s current status and enabled a practical funding solution to be agreed.

Mitchell Walsh, CEO of IPG, said: “This funding is a major milestone for Deakin’s Yard and reflects the resilience, professionalism and commitment of everyone involved in the project.

“Deakin’s Yard is a structurally complete asset, and securing the backing of another institutional funding partner is a clear endorsement of both the quality of the development and the work that has gone into delivering it.

“The challenges we have faced have not been due to any lack of progress or commitment on site, but rather the timing pressures created by the Building Safety Regulator process. This refinancing ensures the scheme is properly supported while we continue through that sign-off stage and move towards welcoming students for the 2026/2027 academic year.

We are grateful to Pivot Finance for their support and pragmatic approach throughout the process.”

Valan Redmond, Relationship Director of Pivot Finance said: “Working with IPG, Pivot recognised the potential of the Deakin’s Yard scheme and focused on finding a solution to support its delivery. Prompt decision-making, supported by external advisers, was key to overcoming the project’s complexities.”

IPG also extended its thanks to Stefan-Lucian Pahontu for his commitment and contribution throughout the transaction.

Walsh added: “This outcome demonstrates that there remains strong institutional confidence in high-quality assets and experienced delivery teams, even in a challenging market. It also underlines the importance of practical funding solutions where schemes are awaiting completion of regulatory sign-off.”

Deakin’s Yard is expected to welcome its first students in August 2026, serving both Keele University and Staffordshire University for the 2026/2027 academic year.