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SWEF Starwood European Real Estate Finance Limited

91.20
-0.80 (-0.87%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Starwood European Real Estate Finance Limited LSE:SWEF London Ordinary Share GG00BRC3R375 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.80 -0.87% 91.20 91.00 92.40 91.20 91.20 91.20 107,156 16:35:21
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 39.02M 29.36M 0.0742 12.29 360.78M

SWEF : Investment Update

09/02/2018 9:46am

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 
 

(END) Dow Jones Newswires

February 09, 2018 04:46 ET (09:46 GMT)

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