Starwood European Real Estate Finance Ltd (SWEF)
7 January 2020  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 2 January 2020, the Group committed to an investment in a c. 6 year floating rate loan secured by a portfolio of assets in Ireland, together 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 €35.15 million. The portfolio consists of 12 properties in Central Dublin with primarily office and some small amounts of retail and residential space totalling over 600,000 sqf in total. The Group expects to earn an attractive risk-adjusted return in line with its stated investment strategy.  Following this investment activity the Group remains fully invested with approximately £27 million of net debt and commitments of approximately £75 million. The Group's pipeline remains strong and well diversified by sector, geography and investment type.   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. 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.: | 38683 |
EQS News ID: | 947033 |
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