Starwood European Real Estate Finance Ltd (SWEF)
SWEF: Investment Update
18-Dec-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.
18 December 2019
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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") announces that, in line with the Group's
expectations, the following loans have been repaid during the first half of
December:-
· Logistics, Dublin, Ireland - the remaining loan balance of EUR 14.1
million was repaid in full following a sale of the portfolio.
· Regional Hotel, Portfolio, UK - the loan of GBP45.9 million was repaid in
full following a sale of the portfolio.
· Residential, Dublin, Ireland- the remaining loan balance of EUR 2.2
million was repaid in full following completion of the borrowers business
plan.
Following this investment activity the Group remains substantially fully
invested with approximately GBP3 million of net cash and commitments of
approximately GBP75 million. New commitments in 2019 were GBP225 million, with
repayments to date of approximately GBP196 million, a net increase in
commitments of approximately GBP29 million. The Group's pipeline remains
strong.
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
Maarten Freeriks
Mark Young
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.: 36046
EQS News ID: 938541
End of Announcement EQS News Service
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(END) Dow Jones Newswires
December 18, 2019 02:00 ET (07:00 GMT)
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