Starwood European Real Estate Finan Investment Update (1320B)
June 14 2016 - 4:15AM
UK Regulatory
TIDMSWEF
RNS Number : 1320B
Starwood European Real Estate Finan
14 June 2016
14 June 2016
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS OR IN, INTO OR FROM
THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA, JAPAN, NEW
ZEALAND OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH
JURISDICTION
Starwood European Real Estate Finance Limited: Investment
Update
Starwood European Real Estate Finance Limited (the "Company")
announces that it has committed to a EUR31.2 million five year
floating whole loan (the "Loan") to support the acquisition of a
portfolio of fully let prime logistics assets in Dublin. The Loan
has an initial drawdown of EUR17.6 million with the remaining
EUR13.6m to be advanced in conjunction with the deferred completion
on certain assets. Much of the portfolio is let on a long term
basis to a strong covenant which uses the assets as its national
headquarters. Such an investment is not only attractive on its own
merits but also further delivers sector diversity to the overall
portfolio of the Company.
The Company remains substantially fully invested.
For further information, please contact:
Peter Denton - Starwood Capital - 020 7016 3664
Robert Peel - Fidante Capital - 020 7832 0900
Notes:
Starwood European Real Estate Finance Limited is an investment
company listed on the main market of the London Stock Exchange with
an investment objective to provide Shareholders with regular
dividends and an attractive total return while limiting downside
risk, through the origination, execution, acquisition and servicing
of a diversified portfolio of real estate debt investments in the
UK and the wider European Union's internal market.
www.starwoodeuropeanfinance.com.
The Group is the largest London-listed vehicle to provide
investors with pure play exposure to real estate lending.
The Group's assets are managed by Starwood European Finance
Partners Limited, an indirect wholly-owned subsidiary of the
Starwood Capital Group.
This information is provided by RNS
The company news service from the London Stock Exchange
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