Facility Signed with Aviva Investors and Year-End Lending Figures - Urban Exposure

Facility Signed with Aviva Investors and Year-End Lending Figures

News

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 plcTel: +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