SWEF: Investment Update (878163)

 
 Starwood European Real Estate Finance Ltd (SWEF) 
SWEF: Investment Update 
 
24-Sep-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. 
 
                                                           24 September 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 19th 
    September 2019 the Group committed to fund a GBP56.8 million floating rate 
whole loan to support a residential scheme in London. The financing has been 
   primarily provided in the form of an initial advance along with a smaller 
  capex facility to support the sponsor's completion of the scheme. The loan 
  term is 2 years, and the Group expects to earn an attractive risk-adjusted 
                         return in line with its stated investment strategy. 
 
      On 15 September 2019, the Group also received final repayment of EUR15 
million for the loan against the Industrial portfolio, Europe as a result of 
          a sale of the portfolio in line with the borrower's business plan. 
 
    Following these transactions, the Group has EUR28.2 million drawn on its 
    revolving credit facility and GBP31 million in cash, leading to a net cash 
 amount of approximately GBP5.5 million. The Group has unfunded commitments to 
                                     borrowers of approximately GBP51 million. 
 
                                    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 
 
                                                                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: PFU 
TIDM:          SWEF 
LEI Code:      5493004YMVUQ9Z7JGZ50 
Sequence No.:  21013 
EQS News ID:   878163 
 
End of Announcement EQS News Service 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=becc5c83790358f02808a7970e9d8d13&application_id=878163&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

September 24, 2019 02:00 ET (06:00 GMT)