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Real Estate Credit Investments : RECI – final results

Real Estate Credit Investments has published its results for the year that ended 31 March 2014. Over the year its net asset value rose from £1.50 to £1.54. The £50m it raised in November 2013 was successfully deployed into or committed to a number of loans. The dividend for the year is 2.7p – matching its target of 7% on the placing price.

New loans included loans secured on a retail park in the South East of England, an office to student accommodation refurbishment scheme in Bristol, a Central London office portfolio and a multi-let central London office building.  They also completed a loan in Germany secured against a multifamily residential portfolio across North Rhine Westphalia. RECI does not disclose the identity of its borrowers.

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