SWEF: Investment Update (878163)
24 Septembre 2019 - 8:00AM
UK Regulatory
Starwood European Real Estate Finance Ltd (SWEF)
SWEF: Investment Update
24-Sep-2019 / 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.
24 September 2019
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 Activity
Starwood European Real Estate Finance Limited (the "Company" and, together
with its subsidiaries, the "Group") is pleased to announce that on 19th
September 2019 the Group committed to fund a GBP56.8 million floating rate
whole loan to support a residential scheme in London. The financing has been
primarily provided in the form of an initial advance along with a smaller
capex facility to support the sponsor's completion of the scheme. The loan
term is 2 years, and the Group expects to earn an attractive risk-adjusted
return in line with its stated investment strategy.
On 15 September 2019, the Group also received final repayment of EUR15
million for the loan against the Industrial portfolio, Europe as a result of
a sale of the portfolio in line with the borrower's business plan.
Following these transactions, the Group has EUR28.2 million drawn on its
revolving credit facility and GBP31 million in cash, leading to a net cash
amount of approximately GBP5.5 million. The Group has unfunded commitments to
borrowers of approximately GBP51 million.
For further information, please contact:
Apex Fund and Corporate Services (Guernsey) Limited as Company Secretary -
01481 735879
Dave Taylor
Starwood Capital - 020 7016 3655
Duncan MacPherson
Stifel Nicolaus Europe Limited - 020 7710 7600
Neil Winward
Mark Bloomfield
Gaudi Le Roux
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.: 21013
EQS News ID: 878163
End of Announcement EQS News Service
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=becc5c83790358f02808a7970e9d8d13&application_id=878163&site_id=vwd&application_name=news
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