Real Est Crd InvsLtd - Sale of Portfolio Holding

Real Estate Credit Investments

07/06/2022 07:00

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RNS Number : 8914N  Real Estate Credit Investments Ltd  07 June 2022

Date and time of release: 7 June 2022, 7:00 am

 

Real Estate Credit Investments Limited

 

Sale of Portfolio Holding

 

Real Estate Credit Investments Limited ("RECI" or the "Company") is pleased
to announce the successful exit from its investment in Elivia Homes, a UK
based housebuilder.

 

The Company first invested in Elivia (formerly Vanderbilt) Homes in 2014 and
maintained its eight years investment throughout the subsequent challenges to
the SME housebuilding sector, including Brexit and the Covid pandemic.

 

RECI's £16.4million proceeds from the sale, which is accretive to the current
NAV, adding approximately 1.0 pence to the NAV per share, will be deployed
into the Company's growing pipeline of attractive investment opportunities.

 

The Company's usual announcement of its month end NAV per share will be
included within the release of its next Monthly Fact Sheet, expected on or
before 13 June 2022.

 

 

For further information please contact:

 

 Broker:              Richard Crawley / Darren Vickers (Liberum Capital)  +44 (0)20 3100 2222
 Investment Manager:  Richard Lang (Cheyne)                               +44 (0)20 7968 7328

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