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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 GBP142 million, bringing total lending
commitments since the IPO to c. GBP483 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 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 8540
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.urbanexposureplc.com
and on twitter @UrbanExposureuk , LinkedIn:
www.linkedin.com/company/urban-exposure/ [1] and Facebook:
www.facebook.com/UrbanExposureUK/ [2]
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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(END) Dow Jones Newswires
December 24, 2018 02:01 ET (07:01 GMT)
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