SWEF : Investment Update
February 09 2018 - 3:46AM
UK Regulatory
Dow Jones received a payment from EQS/DGAP to publish this press
release.
Starwood European Real Estate Finance Ltd (SWEF)
SWEF : Investment Update
09-Feb-2018 / 09:43 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
9 February 2018
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" and, together
with its subsidiaries, the "Group") is pleased to announce that the Group
has committed to a EUR11.25 million whole loan facility to finance a 127 bed
purpose built student development scheme in central Dublin. The Dublin
student market suffers from a severe structural undersupply of purpose built
student accommodation, and the borrower's aim is to deliver high quality
schemes in strong locations across Ireland in order to address this
shortage.
The initial facility advance was made on 8 February 2018, with remaining
development costs for the scheme to be funded by the whole loan proceeds
until expected practical completion in summer 2018. The facility has a term
of two years, and the Group expects to earn a strong risk-adjusted return in
line with its stated investment strategy.
For further information, please contact:
Duncan MacPherson - Starwood Capital - 020 7016 3655
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 [1].
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.
ISIN: GG00B79WC100
Category Code: PFU
TIDM: SWEF
LEI Code: 5493004YMVUQ9Z7JGZ50
Sequence No.: 5194
End of Announcement EQS News Service
653031 09-Feb-2018
1: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=becc5c83790358f02808a7970e9d8d13&application_id=653031&site_id=vwd_london&application_name=news
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February 09, 2018 04:46 ET (09:46 GMT)
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