25th Oct 2013 09:07
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN.
25 October 2013
ICG-Longbow Senior Secured UK Property Debt Investments Limited ("the Company")
Portfolio Update
The Board notes the announcement made by The Mansion Student Accommodation Fund ("Mansion") on 23rd October 2013.
Two wholly owned subsidiaries of Mansion are borrowers of the Company in respect of an £18.07million loan secured on two student accommodation investments. The Company's loan is fully ring fenced from the wider Mansion group and is secured by way of a first ranking charge over the subject properties.
Mansion and the borrower entities remain fully compliant with the terms of the loan made by the Company and both properties continue to perform in line with expectations. We do not believe that the announcement made by Mansion will have any impact on the performance of the loan or the Company.
For further information, please contact:
Heritage International Fund Managers Limited: | |
Mark Huntley James Christie | +44 (0)14 8171 6000 |
Investec Bank plc: | |
Tim Mitchell | +44 (0)20 7597 4000 |
Jeremy Ellis | |
Maitland Consultancy Limited: | |
Rebecca Mitchell | +44 (0)20 7379 5151
|
Further information on the Company can be found on its Investment Manager's website at http://www.icglongbow.co.uk.
Related Shares:
Icg-longbow