Additional ?6.0m Investment in AURE

RNS Number : 2222P

Alpha Real Trust Limited

30 September 2013

 



30 September 2013

ALPHA REAL TRUST LIMITED ("ALPHA REAL TRUST" OR THE "COMPANY")

Additional £6.0m investment in ALpha UK REAL ESTATE FUND ("AURE")

The Company announces that it has entered into an agreement ("Loan Facility Agreement") in which it will provide a loan ("Loan") to the Jersey subsidiaries of AURE for £6 million. The proceeds of the Loan will be applied contemporaneously with the refinancing of the existing senior debt for a new five year senior debt facility.

The Loan Facility Agreement is for the period to 20 November 2014, coterminous with the convertible loan provided to AURE in 2011. AURE may voluntarily prepay the loan at any time by giving 5 days notice. The coupon of the Loan is 9% per annum paid quarterly.

For further information please contact:

Alpha Real Trust Limited

David Jeffreys, Chairman, Alpha Real Trust                                   [phone]

Brad Bauman, Joint Fund Manager, Alpha Real Trust                    [phone]

Panmure Gordon, Broker to the Company

Richard Gray / Andrew Potts                                                      [phone]

Further information on the Company can be found on the Company's website: www.alpharealtrustlimited.com.

 

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