SWEF : Investment Update
March 16 2018 - 5:33AM
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
16-March-2018 / 10:30 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.
16 March 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 on 15 March,
2018 the Group closed a EUR110 million floating rate whole loan secured by a
hotel in Spain with Starwood Property Trust, Inc (through a wholly owned
subsidiary) participating in 50 per cent of the loan amount, providing the
Company with a net commitment of EUR55 million. The financing has been
provided in the form of an initial advance along with a capex facility to
support the sponsor's repositioning strategy. The loan term is 5 years, and
the Group expects to earn an attractive risk-adjusted return in line with
its stated investment strategy.
The Group has now originated four Spanish loans with a total commitment of
EUR163 million, and alongside the UK and Ireland, Spain remains one of the
Group's top target markets for further opportunities.
Following the investment, the Group has approximately GBP54 million drawings
on its credit facilities net of cash.
For further information, please contact:
Ipes (Guernsey) Limited as Company Secretary - 01481 755143
Lucy Brehaut
Starwood Capital - 020 7016 3655
Duncan MacPherson
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.: 5309
End of Announcement EQS News Service
664961 16-March-2018
1: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=becc5c83790358f02808a7970e9d8d13&application_id=664961&site_id=vwd_london&application_name=news
(END) Dow Jones Newswires
March 16, 2018 06:33 ET (10:33 GMT)
Starwood European Real E... (LSE:SWEF)
Historical Stock Chart
From Apr 2024 to May 2024
Starwood European Real E... (LSE:SWEF)
Historical Stock Chart
From May 2023 to May 2024