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Construction Firm Files for Insolvency

Posted by Richard Ward in

Image courtesy of Flickr, Creative Commons

The construction company responsible for building a set of luxury student flats in Lincoln has filed for liquidation.

Situated in Mint Lane, the £20 million student flats are scheduled to home 138 luxury apartments when the Gravity complex opens in time for the 2020-21 academic year.

However, Broadley Group, the contractor at the site, has filed for liquidation prompting fears of further delays.

The scheme is being developed by the Parklane Group, which already operates several student blocks under its IconInc brand.

Despite the setback, Parklane Group is confident there will be no further delays on the project and insisted that it will open in the spring.

The development will come equipped with a steam room, sauna, homes cinema, gym, fully equipped pantry and a 24-hr concierge.

A spokesperson for the group said: "The contractor working to complete the IconInc student accommodation site in Lincoln was placed into liquidation in late December."

"The Parklane Group, which owns the IconInc brand has already taken steps to ensure that this does not delay the opening of the new Gravity site."

"A scheduled completion date for the site has been set for the spring, well ahead of the start of the 2020/21 academic year."