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Urban Exposure plc (UEX)

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Monday 31 December, 2018

Urban Exposure plc

Facility Signed with Aviva Investors and Year-End Lending Figures

Urban Exposure plc (UEX)
Facility Signed with Aviva Investors and Year-End Lending Figures

31-Dec-2018 / 11:00 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.


31 December 2018

Urban Exposure plc

 

Facility Signed with Aviva Investors and Year-End Lending Figures

 

Urban Exposure plc (the "Company" or "Urban Exposure"), a specialist residential development financier and asset manager, today announces the closing of a loan-on-loan facility with Aviva Investors of £32.8m. The facility is in line with the Company's strategy to grow its Asset Management division and is for a specific single transaction in the UK development financing joint venture between Urban Exposure and KKR. It is anticipated that further similar transactions will be concluded with Aviva Investors.

 

The loan is in addition to the £165m loan-on-loan facility from UBS to the joint venture, announced by the Company earlier this month.

 

The Company is also in a position to advise that its committed new lending at the year end was £522m following its admission to AIM on 9 May 2018. 

 

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: MSCH
TIDM: UEX
LEI Code: 213800Q7WLHGIHUFBT43
Sequence No.: 7069
EQS News ID: 762669

 
End of Announcement EQS News Service

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