RNS Number : 1320B
Starwood European Real Estate Finan
14 June 2016
 

14 June 2016

 

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") announces that it has committed to a €31.2 million five year floating whole loan (the "Loan") to support the acquisition of a portfolio of fully let prime logistics assets in Dublin. The Loan has an initial drawdown of €17.6 million with the remaining €13.6m to be advanced in conjunction with the deferred completion on certain assets. Much of the portfolio is let on a long term basis to a strong covenant which uses the assets as its national headquarters. Such an investment is not only attractive on its own merits but also further delivers sector diversity to the overall portfolio of the Company. 

  

The Company remains substantially fully invested.



For further information, please contact:

Peter Denton - Starwood Capital - 020 7016 3664

Robert Peel - Fidante Capital - 020 7832 0900

 

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. 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCKZLBFQQFFBBL