Starwood European Real Estate Finan Investment Update (0842R)
22 Octobre 2013 - 11:48AM
UK Regulatory
TIDMSWEF
RNS Number : 0842R
Starwood European Real Estate Finan
22 October 2013
22 October 2013
Starwood European Real Estate Finance Limited: Investment
Update
Starwood European Real Estate Finance Limited (the "Company")
announces that it has committed to provide a EUR21.8 million whole
loan to finance the acquisition of an industrial and office
portfolio in the Netherlands. The Company expects to earn a single
digit return in line with its investment criteria. The loan is
expected to be fully drawn before the end of October. The Company
has now made or committed to six investments, for a total value of
approximately GBP116.1 million, representing 49.3% of net
assets.
This investment was one of the six transactions referred to as
in the immediate investment pipeline in the June factsheet released
on 2 August 2013, of which four transactions have now been closed.
The remaining two investments both remain in execution and the
Company expects to make further announcements in this regard in the
near term. Further information on the investment pipeline and
dividend outlook will be provided in the September 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
END
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