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Urban Exposure closes nearly £500m of loans since May IPO

Residential development finance firm Urban Exposure has closed loans totalling £483m since listing on the stock market in May.

Between 29 November and 21 December, the company closed loans totalling £142m. The loans covered development projects across the country, including Birmingham, Bracknell and London.

Since the IPO, which valued Urban Exposure at £165m, the company has committed to finance the construction of 2,208 residential units, of which 270 are affordable, and around 64,000 sq ft of commercial real estate.

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