Quarterly Factsheet Publication

RNS Number : 3441G

Starwood European Real Estate Finan

06 May 2014

 



06 May 2014

Starwood European Real Estate Finance Limited: Quarterly Factsheet Publication

Starwood European Real Estate Finance Limited (the "Company") announces that the factsheet for the first quarter ended on 31 March 2014 is available at:

www.starwoodeuropeanfinance.com

The commentary contained in the factsheet provides updated guidance on the Company's investment pipeline and dividend policy.  Extracted text of such commentary is set out below:

"The Group has committed to the following transaction:

Industrial Portfolio, Netherlands: The Group has committed to increase the existing €21.8 million whole loan facility provided in October 2013 by an additional €13.5 million of proceeds. This will facilitate the acquisition of 7 light-industrial and office properties in the Netherlands taking the overall portfolio to 19 assets. The loan is expected to be fully drawn before the middle of May and is expected to earn a single digit return in line with the Company's investment criteria.

Following the closure of this loan, the Group will have made or committed to investments representing approximately 77% of net IPO Proceeds. 

The Company is now capable of delivering a net portfolio yield of approximately 5.3 per cent on deals funded to date (after scheduled amortisation but prior to any other prepayments)."

For further information, please contact:

Gary Gould / Stuart Klein

Jefferies International Limited

T: [phone]

Ravi Anand / Robert Peel

Dexion Capital plc

T: [phone]

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

 

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