SWEF: Investment Update (991439)

 
 Starwood European Real Estate Finance Ltd (SWEF) 
SWEF: Investment Update 
 
09-March-2020 / 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. 
 
                                                                9 March 2020 
 
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Starwood European Real Estate Finance Limited: Investment Update 
 
  Starwood European Real Estate Finance Limited (the "Company" and, together 
    with its subsidiaries, the "Group") is pleased to announce the following 
                                   investment activity during February 2020. 
 
                                                                Commitments: 
 
      On 12th February 2020, the Group committed to fund a hotel acquisition 
  financing for a total commitment of GBP15.0 million. The sponsor is a repeat 
  borrower for the Group. The financing, which has been provided in the form 
   of a significant initial advance to finance an asset acquisition together 
           with a smaller capex facility, will support the sponsor's capital 
expenditure for improvement and rebranding of the hotel. The day one advance 
   amount is GBP10.5 million whilst the total commitment is GBP15.0 million. The 
                                              loan is for a term of 5 years. 
 
      On 27th February 2020 the Group also committed to fund a GBP20.0 million 
  upsize to an existing fixed rate mezzanine loan to support the development 
    of a mixed-use scheme in London. Starwood Property Trust, Inc (through a 
wholly owned subsidiary) is participating in 50 per cent of the loan amount, 
 providing the Company with a net commitment of GBP10.0 million. The remaining 
loan term is 1.75 years with a 1 year extension option. The Group expects to 
  earn an attractive risk-adjusted return in line with its stated investment 
                                     strategy for each of these commitments. 
 
                                                                 Repayments: 
 
The Group received a full and final repayment of the &euro16 million loan on 
  an office in Paris and &euro9.3 million of unscheduled amortisation on the 
 loan on the mixed portfolio in Europe, following a portfolio of asset sales 
                        which was in line with the borrower's business plan. 
 
   Following this investment activity, the Group remains fully invested with 
   approximately GBP16.5 million of net debt, and commitments of approximately 
    GBP78 million. The Group's pipeline remains strong and well diversified by 
                                      sector, geography and investment type. 
 
                                    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 
 
                                                             Mark Bloomfield 
 
                                                                  Mark Young 
 
                                                                Nick Donovan 
 
                                                            Maarten Freeriks 
 
                                                                      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.:  50908 
EQS News ID:   991439 
 
End of Announcement EQS News Service 
 
 
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March 09, 2020 03:00 ET (07:00 GMT)
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