Lending Update (753443)

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 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: [phone] 
Randeesh Sandhu, CEO 
 
Liberum Capital Limited (Nominated     Tel: [phone] 
Adviser and Sole Broker) 
Neil Patel 
Gillian Martin 
Jonathan Wilkes-Green 
Louis Davies 
 
MHP Communications (Financial Public   Tel: [phone] 
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 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=87aa54f18125dfabc5a6a0c4f3d81ece&application_id=753443&site_id=vwd_london&application_name=news 
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=ae1aea9f3464102a01d2411c6c7d47c0&application_id=753443&site_id=vwd_london&application_name=news 
 

(END) Dow Jones Newswires

December 03, 2018 02:01 ET (07:01 GMT)