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Why Urban Exposure is listing now

News

Real Estate Capital’s, Daniel Cunningham interviews Urban Exposure CEO, Randeesh Sandhu on the company’s motivation, timing and lending strategy.

As the residential development finance specialist gears up for its IPO, chief executive Randeesh Sandhu explains the firm’s strategy and the role it hopes to play in alleviating the UK’s housing supply problem.

Urban Exposure, the UK-based provider of residential development finance, has launched a listing on the London Stock Exchange’s junior Alternative Investment Market.

The firm, which is led by CEO Randeesh Sandhu, is aiming to raise £150 million (€170 million) through the IPO, which would put its market cap at £165 million on admission, expected to take place on 9 May. Institutions that have invested in the IPO include Invesco, BlackRock and Aberdeen Standard.

Read the full article in Real Estate Capital News here.