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SWEF Starwood European Real Estate Finance Limited

92.00
0.00 (0.00%)
19 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
  0.00 0.00% 92.00 91.00 93.00 92.00 92.00 92.00 41,527 08:00:15
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 39.02M 29.36M 0.0742 12.40 363.95M

SWEF : Investment Update

16/03/2018 10:33am

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)

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