Lending Update (753443)
December 03 2018 - 2:01AM
UK Regulatory
Dow Jones received a payment from EQS/DGAP to publish this press
release.
Urban Exposure plc (UEX)
Lending Update
03-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.
3 December 2018
Urban Exposure plc
Lending Update
Urban Exposure plc (the "Company" or "Urban Exposure"), a specialist
residential development finance firm and asset manager, today announces an
update on its lending activities.
In the period from 31 October 2018 to 30 November 2018, the Company has
successfully closed new loans totalling GBP110 million, bringing total lending
commitments since the IPO to c. GBP340 million. The loans cover development
projects across the country, including Chelmsford, Brentwood, Horley and
Luton. Since the IPO, the Company has committed to the financing of projects
representing the construction of 1,531 residential units, of which 208 are
affordable housing units, and 45,000 sq ft of commercial real estate
(including office space, retail and a hotel). The return profile of the new
loans remains in line with expectations at IPO.
The Company is working on a number of other new loans which it expects to
close by year-end.
Enquiries:
Urban Exposure plc Tel: +44 (0) 845 643 2173
Randeesh Sandhu, CEO
Liberum Capital Limited (Nominated Tel: +44 (0) 20 3100 2000
Adviser and Sole Broker)
Neil Patel
Gillian Martin
Jonathan Wilkes-Green
Louis Davies
MHP Communications (Financial Public Tel: +44 (0) 20 3128 8100
Relations)
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.urbanexposureuk.com
and on twitter @UrbanExposureuk , Linkedin:
www.linkedin.com/company/urban-exposure/ [1] and Facebook:
www.facebook.com/UrbanExposureUK/ [2]
ISIN: GB00BFNSQ303
Category Code: MSCH
TIDM: UEX
LEI Code: 213800Q7WLHGIHUFBT43
Sequence No.: 6724
EQS News ID: 753443
End of Announcement EQS News Service
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(END) Dow Jones Newswires
December 03, 2018 02:01 ET (07:01 GMT)
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