24.12.2018 08:00:07

Urban Exposure plc: Lending Update

Urban Exposure plc (UEX)
Urban Exposure plc: Lending Update

24-Dec-2018 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


24 December 2018

Urban Exposure plc

 

Lending Update

 

Urban Exposure plc (the "Company" or "Urban Exposure"), a specialist residential development financier and asset manager, today announces an update on its lending activities.

 

In the period from 29 November 2018 to 21 December 2018, the Company successfully closed new loans totalling £142 million, bringing total lending commitments since the IPO to c. £483 million. The loans cover development projects across the country, including Birmingham, Bracknell and London. Since the IPO, the Company has committed to finance the construction of 2,208 residential units, of which 270 are affordable housing units, and c. 64,000 sq ft of commercial real estate. The return profile of the new loans remains in line with expectations at IPO.

 

 

Enquiries:

 

Urban Exposure plc

Tel: +44 (0) 845 643 2173

Randeesh Sandhu, CEO

 

 

 

Liberum Capital Limited (Nominated Adviser and Sole Broker)

Tel: +44 (0) 20 3100 2000

Neil Patel

 

Gillian Martin

 

Jonathan Wilkes-Green

 

Louis Davies

 

 

 

MHP Communications (Financial Public Relations) 

Tel: +44 (0) 20 3128 8540

Barnaby Fry

 

Charlie Barker

 

Patrick Hanrahan

 

Sophia Samaras

 

 

 

Notes to Editors

 

Urban Exposure plc is a specialist residential development finance and asset management company that has been formed to provide finance for UK real estate development loans. The Company focuses on two main revenue streams: interest and fees generated on principal lending from its own balance sheet, and asset management income generated from managing and servicing real estate development loans financed by third parties. For additional information, please visit Urban Exposure's website: www.urbanexposureplc.com and on twitter @UrbanExposureuk , LinkedIn: www.linkedin.com/company/urban-exposure/ and Facebook: www.facebook.com/UrbanExposureUK/



ISIN: GB00BFNSQ303
Category Code: UPD
TIDM: UEX
LEI Code: 213800Q7WLHGIHUFBT43
Sequence No.: 6988
EQS News ID: 761831

 
End of Announcement EQS News Service

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