Starwood European Real Estate Finan Quarterly Factsheet Publication (3441G)
06 Mai 2014 - 1:19PM
UK Regulatory
TIDMSWEF
RNS Number : 3441G
Starwood European Real Estate Finan
06 May 2014
06 May 2014
Starwood European Real Estate Finance Limited: Quarterly
Factsheet Publication
Starwood European Real Estate Finance Limited (the "Company")
announces that the factsheet for the first quarter ended on 31
March 2014 is available at:
www.starwoodeuropeanfinance.com
The commentary contained in the factsheet provides updated
guidance on the Company's investment pipeline and dividend policy.
Extracted text of such commentary is set out below:
"The Group has committed to the following transaction:
Industrial Portfolio, Netherlands: The Group has committed to
increase the existing EUR21.8 million whole loan facility provided
in October 2013 by an additional EUR13.5 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.
Following the closure of this loan, the Group will have made or
committed to investments representing approximately 77% of net IPO
Proceeds.
The Company is now capable of delivering a net portfolio yield
of approximately 5.3 per cent on deals funded to date (after
scheduled amortisation but prior to any other prepayments)."
For further information, please contact:
Gary Gould / Stuart Klein
Jefferies International Limited
T: +44 20 7029 8000
Ravi Anand / Robert Peel
Dexion Capital plc
T: +44 20 7832 0900
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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