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LONDON (Alliance News) - Starwood European Real Estate Finance Ltd on Thursday said it has advanced a loan backing the acquisition of apartments in Dublin.
Starwood said it has advanced a EUR7.9 million loan to acquire 44 apartments in the southern part of the Irish capital. The sponsor is a "highly regarded local investor" and an existing borrower, Starwood said.
The firm said the floating rate loan has a four-year maturity and will earn Starwood an attractive risk-adjusted return in line with its investment strategy.
Starwood closed down 0.5% at 106.25 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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