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(Alliance News) - Starwood European Real Estate Finance Ltd said on Wednesday that three loans - totalling about GBP60 million - were repaid in the first half of December.
Starwood European Real Estate makes property debt investments in the UK and the wider EU.
In Dublin, it said the remaining EUR14.1 million of a logistics portfolio loan was repaid in full following the sale of the portfolio, while the remaining EUR2.2 million balance of a residential loan was repaid in full following completion of the borrower's business plan.
In addition, a loan of GBP45.9 million was repaid following the sale of a UK regional hotel portfolio.
Starwood European said it remains fully invested, with about GBP3 million of net cash and commitments of GBP75 million. Its pipeline remains strong, it said.
Starwood European shares were trading 0.6% higher in London on Wednesday afternoon at 102.13 pence each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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