Starwood European Real Estate Finance Ltd (SWEF)
Starwood European Real Estate Finance Limited
New €16.4m and £5.5m Floating Rate Investment Attractive Property Portfolio in the Netherlands and the UK
Starwood European Real Estate Finance Limited and its subsidiaries ("the Group"), a leading investor originating, executing and managing a diverse portfolio of high-quality real estate debt in the UK and Europe, has invested €16.4 million and £5.5 million in a three year multi-currency loan secured on a portfolio of five offices and one industrial property located in the Netherlands and the UK. The Dutch portfolio consists of four office properties in the highly sought-after Randstad region that contains two of the largest Dutch cities - The Hague and Utrecht. The portfolio also includes an industrial property of 7,586 sqm located near the Port of Rotterdam, Europe’s largest and busiest industrial zone.
The UK office asset is located in Southwark, London, adjacent to Borough tube station and very close to London Bridge station, one of the city’s major termini for commuter and regional services. It provides 16,000 sqft of space fully-let to four tenants across six floors. Following this investment, the Group has approximately £18 million drawn on its credit facilities net of cash held.
John Whittle, Non-executive Chairman, said:
"We are delighted to add this highly attractive loan to the Group’s portfolio, with exposure to highly sought-after assets in the Netherlands and the UK, in partnership with a major US real estate investor. Exceptional risk adjusted secured debt opportunities such as these support our policy of delivering a robust quarterly dividend to shareholders, currently equating to an annualised dividend yield of 5.7%."
“Given the majority floating rate component of the portfolio, the Group is extremely well positioned to deliver strong returns in the current rising rate environment. Our pipeline of further potential investment opportunities remains strong in a compelling market for our strategy."
For further information, please contact: Apex Fund and Corporate Services (Guernsey) Limited as Company Secretary +44 (0)203 5303 630 Duke Le Prevost
Starwood Capital +44 (0) 20 7016 3655 Duncan MacPherson
Jefferies International Limited +44 (0) 20 7029 8000 Stuart Klein Neil Winward Gaudi Le Roux
Buchanan +44 (0) 20 7466 5000 Helen Tarbet +44 (0) 07788 528143 Henry Wilson Hannah Ratcliff
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.
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ISIN: | GG00B79WC100 |
Category Code: | PFU |
TIDM: | SWEF |
LEI Code: | 5493004YMVUQ9Z7JGZ50 |
OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
Sequence No.: | 164193 |
EQS News ID: | 1361729 |
End of Announcement | EQS News Service |
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