Investment Commitment of c. £13.5 million

RNS Number : 9526H

Project Finance Investments Limited

24 August 2016

 

Project Finance Investments Limited

(the "Company")

Investment commitment of £13.5 million

Two-year asset backed loan

24 August 2016

The Company, which invests in asset backed loans, is pleased to announce a two-year subordinated loan of £13.5 million to finance a construction project for a private student residential accommodation development located adjacent to Queen Mary University of London. The development is expected to be complete for the 2018/19 academic year.

The loan is secured by way of a subordinated charge against the property and has been funded from the Company's cash resources and predominantly from the net proceeds of its recent issue of C Shares, of which over 50% have now been invested.

For further information, please contact: -

Gravis Capital Partners LLP 

David Conlon	[e-mail]	[phone]
Stephen Ellis	[e-mail]
Dion Di Miceli	[e-mail]

Cenkos Securities plc

Tom Scrivens	[e-mail]	[phone]
Sapna Shah	[e-mail]	[phone]

Buchanan

Charles Ryland                                                            [phone]

Victoria Hayns

 

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