SWEF : Investment Update

16 March 2018

 

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 15 March, 2018 the Group closed a EUR110 million floating rate whole loan secured by a hotel in Spain with Starwood Property Trust, Inc (through a wholly owned subsidiary) participating in 50 per cent of the loan amount, providing the Company with a net commitment of EUR55 million.  The financing has been provided in the form of an initial advance along with a capex facility to support the sponsor's repositioning strategy.  The loan term is 5 years, and the Group expects to earn an attractive risk-adjusted return in line with its stated investment strategy.

 

The Group has now originated four Spanish loans with a total commitment of EUR163 million, and alongside the UK and Ireland, Spain remains one of the Group's top target markets for further opportunities.

 

Following the investment, the Group has approximately £54 million drawings on its credit facilities net of cash.

 

For further information, please contact:

Ipes (Guernsey) Limited as Company Secretary - 01481 755143

Lucy Brehaut

 

Starwood Capital - 020 7016 3655

Duncan MacPherson

 

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.