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6 Aug 2015 11:56
06 August 2015
Starwood European Real Estate Finance Limited: Investment Update
Starwood European Real Estate Finance Limited (the "Company") announces that on 5 August 2015 it provided a £32.5 million whole loan to refinance a portfolio of industrial properties throughout the UK. The facility has a term of 4 years, and the interest rate is floating over 3 month LIBOR. The Company expects to earn an attractive risk-adjusted return commensurate with its stated investment strategy.
The Company has also purchased £8 million of the £560 million Class B2 Fixed Rate Secured Notes issued by CPUK Finance Limited following the acquisition of the Center Parcs group by a Brookfield managed fund.
The Company has funded the investments using a combination of cash available within the Company following the recent tap issue, and £30 million drawn on the revolving credit facility. The amount drawn on the revolving credit facility following these investments is £33.25 million.
For further information, please contact:
Ipes (Guernsey) Limited
Gillian Newton
T: +44 1481 735869
Notes:
Starwood European Real Estate Finance 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 Continental European markets. www.starwoodeuropeanfinance.com
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