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.
|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|
|MHP Communications (Financial Public Relations)||Tel: +44 (0) 20 3128 8540|