SWEF : Investment Update
27 November 2017 - 10:59PM
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
27-Nov-2017 / 11:57 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 November 2017
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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 the 24th
November 2017, the Group closed a EUR44,625,000 5-year floating rate whole
loan secured by 3 shopping centres in Spain. The financing has been provided
in the form of an initial advance along with a capex facility to support the
sponsors' proven retail repositioning capability to make further investment
in the properties. The properties are well-anchored, dominate their
catchments and are positioned to benefit from the sponsors' active asset
management strategy. The Group expects to earn an attractive risk-adjusted
return in line with its stated investment strategy.
This is the Group's second Spanish loan investment this year and the Group
has a further Spanish loan in the near-term pipeline which when closed will
result in a total of EUR107 million of lending in Spain across the three
investments. Spain is one of the Group's target markets for further lending
and the Group continues to seek good risk adjusted lending opportunities
arising in line with the Group's investment policy.
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.: 4918
End of Announcement EQS News Service
632945 27-Nov-2017
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