SWEF: Investment Update (810537)

 
 Starwood European Real Estate Finance Ltd (SWEF) 
SWEF: Investment Update 
 
14-May-2019 / 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. 
 
                                                                 14 May 2019 
 
 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 Activity 
 
  Starwood European Real Estate Finance Limited (the "Company" and, together 
   with its subsidiaries, the "Group") is pleased to announce that on 10 May 
  2019 the Group committed to participate in the funding of a EUR104 million 
  mezzanine loan secured by a diversified portfolio of assets located in the 
   Netherlands, Germany and Finland. Starwood Property Trust, Inc (through a 
   wholly owned subsidiary) is participating in 50 per cent of the mezzanine 
         loan amount, with the Group funding the balance, amounting to a net 
   commitment of EUR52 million. The portfolio is comprised of 165 assets and 
 provides strong diversification in terms of tenant base, location and asset 
  class. The loan term is 3 years with two 1 year extension options, and the 
   Group expects to earn an attractive risk-adjusted return in line with its 
                                                 stated investment strategy. 
 
  On 8 May 2019 the Group received full repayment of EUR18.85 million on the 
     loan to an Irish School following completion of the borrower's business 
 plan. The Group has used the proceeds of this repayment, available cash and 
  has made further drawings on its revolving credit facility to fund the new 
 loan and expects to use the proceeds of the recently-announced tap issue of 
 new equity to partially repay its revolving credit facilities in the coming 
                                                                       days. 
 
    The Group continues to see strong opportunities to deploy capital in the 
        target markets. The origination pipeline is healthy with a number of 
       transactions under review, which present solid risk adjusted returns. 
 
                                    For further information, please contact: 
 
Apex Fund and Corporate Services (Guernsey) Limited - 01481 735879 
 
                                                                 Dave Taylor 
 
                                            Starwood Capital - 020 7016 3655 
 
                                                           Duncan MacPherson 
 
                              Stifel Nicolaus Europe Limited - 020 7710 7600 
 
                                                                Neil Winward 
 
                                                             Mark Bloomfield 
 
                                                               Gaudi Le Roux 
 
                                                                      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: MSCM 
TIDM:          SWEF 
LEI Code:      5493004YMVUQ9Z7JGZ50 
Sequence No.:  8606 
EQS News ID:   810537 
 
End of Announcement EQS News Service 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=becc5c83790358f02808a7970e9d8d13&application_id=810537&site_id=vwd_london&application_name=news 
 

(END) Dow Jones Newswires

May 14, 2019 02:01 ET (06:01 GMT)