Urban Exposure

Urban Exposure secures £32.8m facility for JV



Urban Exposure has secured a £32.8m funding line from Aviva Investors for its joint venture (JV) with KKR.

The loan is in addition to the £165m loan-on-loan facility from UBS to the JV announced by Urban Exposure last month.

The facility is in line with the company’s strategy to expand its asset management division and will be used for a specific single transaction in the UK development financing JV.

Urban Exposure also reported that its committed new lending at the end of 2018 was £522m, following its admission to AIM on 9th May 2018.

In December, Urban Exposure announced that it made a pre-tax loss of £3.1m for the period between 10th April 2018 and 30th September 2018.

Pictured above: Randeesh Sandhu, CEO at Urban Exposure.


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