The specialist residential development finance and asset management company provides finance for real estate development loans across the UK, currently originated and managed by the Urban Exposure Business.
Since 2010, the Urban Exposure team has arranged loans with a GDV of £1.9bn.
The company will provide investors with exposure to both the residential development lending business through direct lending and the loan asset management business built by the Urban Exposure team.
It intends to take advantage of the Urban Exposure Business’s current pipeline of around £700m, consisting of 18 advanced development loans spread across the UK.
Urban Exposure also intends to use the net proceeds of the placing to lend to UK residential SME developers from the company’s balance sheet and seed and expand asset management activities.
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"Urban Exposure offers investors a unique and attractive way to gain exposure to the high-margin structural growth opportunity within the UK residential development finance sector,” said William McKee, chairman at Urban Exposure.
“The award-winning Urban Exposure team has the experience and capabilities as both a lender and asset manager of third-party funds to capitalise on the reduction in traditional bank lending to the sector since the global financial crisis."
Randeesh Sandhu, chief executive officer at Urban Exposure, added that the team had a strong record of delivering funding to developers of a broad range of housing projects around the UK, as it looked to help tackle the country’s housing shortage.
“I am delighted with the reception we have received in our IPO.
“I would like to thank our new investors, employees and business partners for their support."
Admission and commencement of dealings on the AIM are expected to take place at 8am on 9th May 2018.
Urban Exposure will be placing 150 million new ordinary shares at a price of £1 per share.