Advancement of Loan

RNS Number : 9931J

ICG-Longbow Snr Sec UK Prop DebtInv

24 July 2013

 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN.

24 July 2013

ICG-Longbow Senior Secured UK Property Debt Investments Limited (LBOW)

Advancement of Loan

The Company has completed its second transaction with a £14.2m loan to LM Real Estate Limited and LM Real Estate 2 Limited. The five and a half year facility is secured by a first, and only, charge on a multi-let portfolio of five industrial and distribution warehouse properties in the North West of England. This increases the total investments made to date to £32.27 million which represents 31.52% of available capital. A further £5.8m has been committed and may be made available under the above facility to finance additional properties, subject to meeting certain conditions. The loan is fully compliant with the parameters set out in the Prospectus.

For further information, please contact:

Heritage International Fund Managers Limited:
Mark Huntley James Christie	[phone]
Investec Bank plc:
Tim Mitchell	[phone]
Jeremy Ellis
Maitland Consultancy Limited:
Rebecca Mitchell	[phone]

Further information on the Company can be found on its Investment Manager's website at http://www.icglongbow.co.uk.

 

END

 

 

MSCDMGZNNFKGFZM