LONDON (Alliance News) - Starwood European Real Estate Finance Ltd said Wednesday that it had advanced a GBP25 million mezzanine loan in relation to a portfolio of UK hospitals subject to long term leases with a "strong underlying tenant."
The new investment has been partly funded by drawing down on its revolving credit facility, and partly through proceeds of a GBP10.0 million repayment on its West End Development in London, which it received on Tuesday.
Shares in Starwood were untraded Wednesday. It last closed at 107.50 pence.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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Starwood Eur (SWEF)