SWEF: Investment Update (947033)
January 07 2020 - 1:00AM
UK Regulatory
Starwood European Real Estate Finance Ltd (SWEF)
SWEF: Investment Update
07-Jan-2020 / 07:00 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.
7 January 2020
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,
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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 2 January
2020, the Group committed to an investment in a c. 6 year floating rate loan
secured by a portfolio of assets in Ireland, together with Starwood Property
Trust, Inc (through a wholly owned subsidiary) participating in 50 per cent
of the mezzanine loan amount, providing the Group with a net commitment of
&euro35.15 million. The portfolio consists of 12 properties in Central
Dublin with primarily office and some small amounts of retail and
residential space totalling over 600,000 sqf in total. The Group expects to
earn an attractive risk-adjusted return in line with its stated investment
strategy.
Following this investment activity the Group remains fully invested with
approximately GBP27 million of net debt and commitments of approximately GBP75
million. The Group's pipeline remains strong and well diversified by sector,
geography and investment type.
For further information, please contact:
Apex Fund and Corporate Services (Guernsey) Limited as Company Secretary -
01481 735879
Dave Taylor
Starwood Capital - 020 7016 3655
Duncan MacPherson
Stifel Nicolaus Europe Limited - 020 7710 7600
Mark Bloomfield
Maarten Freeriks
Mark Young
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.: 38683
EQS News ID: 947033
End of Announcement EQS News Service
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