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Investment Commitment of c. £13.5 million

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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

david.conlon@gcpuk.com

+44 (0)20 7518 1490

Stephen Ellis

stephen.ellis@gcpuk.com

Dion Di Miceli

dion.dimiceli@gcpuk.com

Cenkos Securities plc

Tom Scrivens

tscrivens@cenkos.com

+44 (0)20 7397 1915

Sapna Shah

sshah@cenkos.com

+44 (0)20 7397 1922

Buchanan

Charles Ryland                                                            +44 (0)20 7466 5000

Victoria Hayns


This information is provided by RNS
The company news service from the London Stock Exchange
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