Investment Update

RNS Number : 5302B

Starwood European Real Estate Finan

05 March 2014

 



5 March 2014

Starwood European Real Estate Finance Limited: Investment Update

Starwood European Real Estate Finance Limited (the "Company") announces that it has committed to provide a €14.3 million financing facility for the acquisition of an office building in Amsterdam fully occupied by UPC Nederlands, BV. The Company expects to earn a solid single digit return in line with its investment criteria.  The loan is expected to be fully drawn in March.  The Company has now made or committed to eight investments, for a total value of approximately £168 million, representing 72% of net assets, reduced to 71% after accounting for scheduled amortisation and prepayments which took place in January 2014.

This investment was the transaction referred to in the December factsheet released on 29 January 2014 as expected to close and fund shortly for a further 5% investment.

For further information, please contact:

Ipes (Guernsey) Limited

John Ellman-Brown   

T: [phone]       

Notes:

Starwood European Real Estate Finance 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 Continental European markets. www.starwoodeuropeanfinance.com

 

END

 

 

STRVZLFBZXFZBBD