Urban Exposure plc: Senior Term Facility with UBS Investment Bank (761833)

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 Urban Exposure plc (UEX) 
Urban Exposure plc: Senior Term Facility with UBS Investment Bank 
 
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 
 
      Senior Term Facility with UBS Investment Bank 
 
        Urban Exposure plc (the "Company" or "Urban Exposure"), a specialist 
      residential development financier and asset manager, today announces a 
   Senior Term Facility with UBS Investment Bank. The loan-on-loan line will 
     provide gearing into a joint venture ("JV") the Company has with KKR, a 
            leading global investment firm. 
 
      The KKR JV, signed in July 2018 with an initial size of GBP165m, aims to 
 provide financing for development projects in the UK mainstream residential 
      property market. The UBS Senior Term Facility will facilitate up to an 
additional GBP165m of lending, increasing the total lending capacity of the JV 
             of up to GBP330m. 
 
      UBS Investment Bank offers securities brokerage and investment banking 
            services to institutional and corporate clients, intermediaries, 
     governments, and hedge funds. The firm is based in London, with over 30 
            offices worldwide. 
 
     The joint venture is in line with Urban Exposure's strategy to grow its 
  Asset Management division following its admission to AIM on 9 May 2018 and 
             successful raise of GBP150 million. 
 
        Commenting, Randeesh Sandhu, Chief Executive of Urban Exposure said: 
 
        "We are pleased to have closed this Senior Term Facility, which is a 
         significant milestone in our strategy to grow our third-party Asset 
      Management division whilst also continuing to deploy our balance sheet 
funds. The addition of the loan-on-loan line from UBS adds significant scale 
    to the KKR JV, meaning we can offer further support to SME developers as 
           they seek funding for mainstream housing projects across the UK." 
 
            Sundeep Lakhtaria, Partner at Urban Exposure said: 
 
     "The completion of this facility sees two global financial institutions 
 partnering with the Company and providing funding into our Asset Management 
 division. We are delighted to be working with institutions of this calibre, 
which is testament to the exceptional sector expertise Urban Exposure has in 
    residential development finance, and to our prudent lending policies and 
            procedures." 
 
            Luke Partridge, Head of SSG EMEA at UBS said: 
 
       "We are pleased to be working with Urban Exposure and KKR to help the 
    partnership grow and expand in its long-term strategy. UBS's loan to the 
   joint venture demonstrates our ability to provide financing to specialist 
     lending markets, and is an example of our focus to deliver value to our 
    clients. We look forward to building upon this successful venture in the 
            future." 
 
            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: UPD 
TIDM:          UEX 
LEI Code:      213800Q7WLHGIHUFBT43 
Sequence No.:  6989 
EQS News ID:   761833 
 
End of Announcement EQS News Service 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=87aa54f18125dfabc5a6a0c4f3d81ece&application_id=761833&site_id=vwd_london&application_name=news 
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=ae1aea9f3464102a01d2411c6c7d47c0&application_id=761833&site_id=vwd_london&application_name=news 
 

(END) Dow Jones Newswires

December 24, 2018 02:01 ET (07:01 GMT)