Starwood European Real Estate Finance Ltd: Investment Update (761883)

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 Starwood European Real Estate Finance Ltd (SWEF) 
Starwood European Real Estate Finance Ltd: Investment Update 
 
27-Dec-2018 / 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. 
 
                                                            27 December 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 Activity 
 
  Starwood European Real Estate Finance Limited (the "Company" and, together 
     with its subsidiaries, the "Group") is pleased to announce that on 18th 
        December 2018 the Group committed to fund a GBP62.5 million fixed rate 
    mezzanine loan to support the development of a prime mixed-use scheme in 
    Central London with Starwood Property Trust, Inc (through a wholly owned 
 subsidiary), participating in 66 per cent of the loan amount, providing the 
   Company with a net commitment of GBP41.25 million. The loan term is 3 years 
 with a 1 year extension option, and the Group expects to earn an attractive 
  risk-adjusted return in line with its stated investment strategy. The loan 
 partially funded on 21 December 2018 with the remaining balance expected to 
                                                  be funded in January 2019. 
 
        The Group has also received the following three repayments totalling 
                                                  approximately GBP37 million: 
 
  At the end of November 2018, the Group received full repayment of the loan 
advanced on the Residential Portfolio in Dublin as a result of a sale of the 
                                                                  portfolio. 
 
 On 20 December 2018, the Group received full repayment of the loan advanced 
     on the Industrial Portfolio in the UK as a result of a refinance of the 
                                                                  portfolio. 
 
 On 21 December 2018, the Group received full repayment of the loan advanced 
  on the Industrial asset in Paris as a result of the sale of the portfolio. 
 
       A number of loans in the portfolio benefit from prepayment protection 
 providing a level of income protection should the loan repay whilst in that 
     protected period. Two of the repaid loans benefit from such provisions. 
 
  Following full funding of the new investment and the above repayments, the 
   Group will have approximately GBP56 million drawings on its GBP114 million of 
                                              credit facilities net of cash. 
 
    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: 
 
Ipes (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.:  6995 
EQS News ID:   761883 
 
End of Announcement EQS News Service 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=becc5c83790358f02808a7970e9d8d13&application_id=761883&site_id=vwd_london&application_name=news 
 

(END) Dow Jones Newswires

December 27, 2018 02:01 ET (07:01 GMT)