SWEF: Portfolio Update (1361729)
26 Mayo 2022 - 1:00AM
UK Regulatory
Starwood European Real Estate Finance Ltd (SWEF) SWEF: Portfolio
Update 26-May-2022 / 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.
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Starwood European Real Estate Finance Limited
New EUR16.4m and GBP5.5m Floating Rate Investment
Attractive Property Portfolio in the Netherlands and the UK
Starwood European Real Estate Finance Limited and its
subsidiaries ("the Group"), a leading investor originating,
executing and managing a diverse portfolio of high-quality real
estate debt in the UK and Europe, has invested EUR16.4 million and
GBP5.5 million in a three year multi-currency loan secured on a
portfolio of five offices and one industrial property located in
the Netherlands and the UK.
The Dutch portfolio consists of four office properties in the
highly sought-after Randstad region that contains two of the
largest Dutch cities - The Hague and Utrecht. The portfolio also
includes an industrial property of 7,586 sqm located near the Port
of Rotterdam, Europe's largest and busiest industrial zone.
The UK office asset is located in Southwark, London, adjacent to
Borough tube station and very close to London Bridge station, one
of the city's major termini for commuter and regional services. It
provides 16,000 sqft of space fully-let to four tenants across six
floors.
Following this investment, the Group has approximately GBP18
million drawn on its credit facilities net of cash held.
John Whittle, Non-executive Chairman, said:
"We are delighted to add this highly attractive loan to the
Group's portfolio, with exposure to highly sought-after assets in
the Netherlands and the UK, in partnership with a major US real
estate investor. Exceptional risk adjusted secured debt
opportunities such as these support our policy of delivering a
robust quarterly dividend to shareholders, currently equating to an
annualised dividend yield of 5.7%."
"Given the majority floating rate component of the portfolio,
the Group is extremely well positioned to deliver strong returns in
the current rising rate environment. Our pipeline of further
potential investment opportunities remains strong in a compelling
market for our strategy."
For further information, please contact:
Apex Fund and Corporate Services (Guernsey) Limited as Company
Secretary
+44 (0)203 5303 630
Duke Le Prevost
Starwood Capital +44 (0) 20 7016 3655
Duncan MacPherson
Jefferies International Limited +44 (0) 20 7029 8000
Stuart Klein
Neil Winward
Gaudi Le Roux
Buchanan +44 (0) 20 7466 5000
Helen Tarbet +44 (0) 07788 528143
Henry Wilson
Hannah Ratcliff
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.
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.
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ISIN: GG00B79WC100
Category Code: PFU
TIDM: SWEF
LEI Code: 5493004YMVUQ9Z7JGZ50
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 164193
EQS News ID: 1361729
End of Announcement EQS News Service
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