Urban Exposure, the residential development finance and asset management group, is set to list on the junior stock market AIM in a £150m IPO four years after shelving plans for a float.
Urban Exposure, which expected to have a market capitalisation of £165m upon admission to AIM, specialises in providing loans for development across the UK, predominantly in major cities and towns within England. The group typically funds core housing and apartment projects, which are generally affordable and in high demand. The company will provide investors with exposure both to the residential development lending business through direct lending and to the loan asset management business built by the Urban Exposure team.
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