London Stock Exchange welcomes Urban Exposure to AIM

London Stock Exchange welcomes Urban Exposure plc, a specialist pure-play, non-bank property development finance firm, to the Alternative Investment Market (AIM) of the London Stock Exchange. The successful placing with institutional investors raised gross proceeds of £150 million, valuing the company at £165.0 million.

To celebrate the listing and start of conditional trading on 9th May 2018, Marcus Stuttard, Head of AIM, London Stock Exchange welcomed Urban Exposure to London Stock Exchange today.

Randeesh Sandhu, Chief Executive of Urban Exposure said:
"We are delighted to be trading on AIM after an excellent reception from investors during the IPO process.

"The AIM market is renowned as a home for ambitious and successful growth businesses, with £108bn of total growth funding raised since its inception more than 22 years ago. AIM companies continue to benefit from this access to capital, growing on average by 65% between 2014 to the end of last year, so AIM was the natural choice for Urban Exposure as we look to continue to grow our business.

"Urban Exposure has a clear strategy to provide finance to residential developers around the UK and we look forward to utilising the funds raised as a balance sheet for lending while continuing to grow our third-party asset management business.

"To deliver the Government’s housebuilding target of 300,000 homes per year, another £20.8 billion of development finance is needed per year for the next decade - more than double the current market size. Building on our strong track record and aligning ourselves with the UK Government’s housing strategy, Urban Exposure is well placed to help plug this funding gap."

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.