Elliot Group is hoping to wrap up a quick sale of its £250m Infinity project in Liverpool by 3 September.
The scheme, which comprises three residential towers near the River Mersey, was put into administration in March by administrators Paul Cooper and David Rubin of David Rubin & Partners along with two other schemes, Aura (also located in Liverpool) and Residence (in Manchester).
According to the administrator’s proposals, Elliot Group was given a three-month deadline to sell the development by 3 September.
The company’s founder, Elliot Lawless, said that discussions taking place between creditors and the administrators are “complex” but he is hoping to tie them up soon.
“Many of the creditors backed Elliot Group on numerous of our previous schemes and helped us deliver more than 2,500 homes, so we are not about to walk away from them. Our discussions are constructive, and we hope to conclude them shortly,” he said.
Last month, Elliot Group handed its student accommodation and residential scheme, Aura, back over to the hundreds of investors who funded the project prior to its administration. Lawless will continue to build the hotel element of the Aura site.
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