SWEF : Investment Update - repayment
06 Novembre 2017 - 2:30PM
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 - repayment
06-Nov-2017 / 13:27 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.
06 November 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,
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REGULATIONS OF SUCH JURISDICTION
Starwood European Real Estate Finance Limited: Investment Update
Starwood European Real Estate Finance Limited (the "Company") announces that
it has received the full repayment of GBP75 million for the UK Regional Budget
Hotel Portfolio loan following a successful refinancing of the portfolio by
the owner. In the September factsheet the Company indicated that it was
expecting further repayments in the final quarter of the year and this was
one of the loans we had anticipated would be repaid.
A number of loans which have repaid during the year benefitted from
prepayment protection in their early years providing a level of income
protection whilst in that protected period. This income allows the Company
to mitigate cash drag for periods of time during which the Company reinvests
the proceeds from repayments. As previously announced, the Investment
Adviser is reviewing multiple lending opportunities to deploy the Company's
uncommitted resources.
For further information, please contact:
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.
ISIN: GG00B79WC100
Category Code: PFU
TIDM: SWEF
LEI Code: 5493004YMVUQ9Z7JGZ50
Sequence No.: 4810
End of Announcement EQS News Service
625343 06-Nov-2017
1: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=becc5c83790358f02808a7970e9d8d13&application_id=625343&site_id=vwd_london&application_name=news
(END) Dow Jones Newswires
November 06, 2017 08:30 ET (13:30 GMT)
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