Starwood European Real Estate Finan First Investment (3662U)
27 Décembre 2012 - 12:02PM
UK Regulatory
TIDMSWEF
RNS Number : 3662U
Starwood European Real Estate Finan
27 December 2012
27 December 2012
Starwood European Real Estate Finance announces first
investment. Starwood Property Trust Inc. co-invests alongside.
The Maybourne Hotel Group: owner of the Berkeley, Claridge's and
Connaught Hotels in London, UK.
Starwood European Real Estate Finance Limited ("SEREF") (LSE -
SWEF) together with Starwood Property Trust ("STWD") (NYSE - STWD)
has acted as one of the three partners for the GBP147m mezzanine
component of the GBP547m refinancing ("Refinancing") of the
Maybourne Hotel Group ("Maybourne").
The 5 Year Refinancing is secured on three Five-Star luxury
London hotels being Claridge's, the Connaught and the Berkeley and
consists of a GBP400m senior loan and GBP147m of mezzanine of which
SEREF has committed GBP19m and STWD GBP30m. SEREF's investment has
been undertaken on an attractive loan to value in the low fifties
percent and the Company will earn a double digit yield in line with
its investment criteria as outlined in its prospectus.
Ends
Contact:
Maitland
Liz Morley
T: +44 207 379 5151
E: lmorley@maitland.co.uk
Ipes (Guernsey) Limited
John Ellman-Brown
T: +44 1481 713843
E: john.ellman-brown@ipes.com
BACKGROUND INFORMATION
Maybourne Hotel Group whose headquarters is in Mayfair, London,
owns and manages Claridge's, the Connaught and the Berkeley, three
of the world's most renowned hotels. Maybourne hotels are committed
to delivering authentic and unique guest experiences that reflect
the individual nature of its hotels, its guests and its people
whilst maintaining a timeless elegance and intuitive service style
that are the hallmarks of its properties. www.maybourne.com
Starwood European Real Estate Finance is an investment company
listed on the London Stock Exchange main market 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
Starwood Property Trust, Inc. focuses primarily on originating,
investing in, financing and managing commercial mortgage loans and
other commercial and residential real estate-related debt
investments. www.starwoodpropertytrust.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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