DAX ®13.548,94+0,17%TecDAX ®3.172,72+0,64%Dow Jones29.348,10+0,17%NASDAQ 1009.173,73+0,53%
finanztreff.de

SWEF: Investment Update

| Quelle: Dow Jones Newsw... | Lesedauer etwa 3 min. | Text vorlesen Stop Pause Fortsetzen


Starwood European Real Estate Finance Ltd (SWEF)
SWEF: Investment Update
03-Dec-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.

3 December 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 Update

Starwood European Real Estate Finance Limited (the "Company" and, together
with its subsidiaries, the "Group") is pleased to announce that on 29th
November 2019, the Group closed an investment in a 5-year floating rate loan
secured by a portfolio of office assets Spain, with Starwood Property Trust,
Inc (through a wholly owned subsidiary) participating in 50 per cent of the
mezzanine loan amount, providing the Group with a net commitment of &euro24
million. The financing has been provided in the form of an initial advance
along with a capex facility to support the sponsors' business plan to make
further investment in the properties. The properties are well-located within
the decentralised submarkets of Madrid and Barcelona. The assets 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.

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. Overall the Group's pipeline is
diversified and remains strong.

Following these transactions, the Group has net debt of approximately GBP50
million. The Group has unfunded commitments to borrowers of approximately
GBP84 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

Mark Bloomfield

Maarten Freeriks

Mark Young

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.: 32828
EQS News ID: 926445

End of Announcement EQS News Service


1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=becc5c83790358f02808a7970e9d8d13&application_id=926445&site_id=vwd&application_name=news


(END) Dow Jones Newswires

December 03, 2019 02:00 ET ( 07:00 GMT)
Werbung

Das könnte Sie auch interessieren

News-Suche

Suchbegriff:

Aktuelle Videos

zur Mediathek
Werbung

Werbung
Diese Seite empfehlenschliessen
Interessant, oder?
Teilen Sie diese Seite auf Facebook oder Twitter
Wenn Sie auf die Teilen-Buttons klicken und sich bei den Betreibern einloggen, werden Daten an den jeweiligen Betreiber übermittelt. Bitte beachten Sie die Datenschutzerklärung.
Aktuelle Umfrageschliessen
Wie, glauben Sie, wird der DAX am Ende dieser Woche - KW 4 - stehen?
Jetzt abstimmen!
Alle Umfragen ansehen