Starwood European Real Estate Finan Investment Update (3330V)
06 Août 2015 - 12:56PM
UK Regulatory
TIDMSWEF
RNS Number : 3330V
Starwood European Real Estate Finan
06 August 2015
06 August 2015
Starwood European Real Estate Finance Limited: Investment
Update
Starwood European Real Estate Finance Limited (the "Company")
announces that on 5 August 2015 it provided a GBP32.5 million whole
loan to refinance a portfolio of industrial properties throughout
the UK. The facility has a term of 4 years, and the interest rate
is floating over 3 month LIBOR. The Company expects to earn an
attractive risk-adjusted return commensurate with its stated
investment strategy.
The Company has also purchased GBP8 million of the GBP560
million Class B2 Fixed Rate Secured Notes issued by CPUK Finance
Limited following the acquisition of the Center Parcs group by a
Brookfield managed fund.
The Company has funded the investments using a combination of
cash available within the Company following the recent tap issue,
and GBP30 million drawn on the revolving credit facility. The
amount drawn on the revolving credit facility following these
investments is GBP33.25 million.
For further information, please contact:
Ipes (Guernsey) Limited
Gillian Newton
T: +44 1481 735869
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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