RNS Number : 2194G
Starwood European Real Estate Finan
02 May 2014
 



2 May 2014

 

Starwood European Real Estate Finance Limited: Investment Update

 

Starwood European Real Estate Finance Limited (the "Company") announces that it has committed to increase an 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. The Company has now made or committed to investments representing approximately 77% of net IPO Proceeds. 

 

Further information on the investment pipeline and dividend outlook will be provided in the March fact sheet due to be published shortly.

 

For further information, please contact:

 

Ipes (Guernsey) Limited

John Ellman-Brown   

T: +44 1481 713843       

 

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

 

 


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