SWEF: Investment Update
21 Mars 2017 - 8:01AM
UK Regulatory
Dow Jones received a payment from EQS/DGAP to publish this press
release.
Starwood European Real Estate Finance Ltd (SWEF)
SWEF: Investment Update
21-March-2017 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
*21 March 2017*
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY
OR INDIRECTLY, TO U.S. PERSONS OR IN, INTO OR FROM THE UNITED STATES,
AUSTRALIA, CANADA, SOUTH AFRICA, JAPAN, NEW ZEALAND OR ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF SUCH JURISDICTION
*Starwood European Real Estate Finance Limited: Investment Update *
Starwood European Real Estate Finance Limited (the 'Company' and, together
with its subsidiaries, the 'Group') announces that it has received full
repayment of the Dutch Industrial Portfolio and Danish Industrial Portfolio
loans as a result of the sale of both portfolios, representing a total of
approximately GBP51.5 million sterling equivalent proceeds.
A number of loans in the Group's portfolio benefit from prepayment
protection in their early years, providing the Group with a level of income
protection should such loans repay whilst in that protected period. The
Danish loan was originated in June 2015 and benefits from such provisions,
meaning that the Group will bear no effective drag on the repayment of this
loan for a further few months.
As reported in the December factsheet, the Investment Adviser is in advanced
discussions on a number of opportunities. Heads of terms have been signed on
two loans which have now moved into execution. These opportunities remain
subject to final due diligence and documentation and, if they proceed, will
allow the Group to deploy a substantial part of the available cash.
*For further information, please contact:*
Duncan MacPherson - Starwood Capital - 020 7016 3655
Robert Peel - Fidante Capital - 020 7832 0900
*Notes: *
Starwood European Real Estate Finance Limited 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 the wider European Union's internal
market. www.starwoodeuropeanfinance.com [1].
The Group is the largest London-listed vehicle to provide investors with
pure play exposure to real estate lending.
The Group's assets are managed by Starwood European Finance Partners
Limited, an indirect wholly-owned subsidiary of the Starwood Capital Group.
Language: English
ISIN: GG00B79WC100
Category Code: MSCM
TIDM: SWEF
Sequence No.: 3968
End of Announcement EQS News Service
555933 21-March-2017
1: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=b14fd12a9d67a041cd95eabce5bcab5f&application_id=555933&site_id=vwd_london&application_name=news
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March 21, 2017 03:01 ET (07:01 GMT)
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