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Real Estate Credit Investments Limited (RECI) announced on 7 June 2022 the exit from its investment in Elivia Homes. The company, which first invested in Elivia Homes in 2014, received £16.4 million in proceeds from the sale, adding approximately 1.0 pence to its NAV per share.
| Date | 7 Jun 2022 |
| Time | 07:00:08 |
| Category | Corporate updates |
| ID | 8914N |
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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