Starwood Eur Regulatory News (SWEF)

23 December 2015

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS OR IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA, JAPAN, NEW ZEALAND OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

Starwood European Real Estate Finance Limited: Investment Update

Starwood European Real Estate Finance Limited (the "Company") announces that on 22 December 2015 it advanced a £25million mezzanine loan in relation to a portfolio of UK hospitals subject to long term leases to a strong underlying tenant. The UK healthcare sector is demonstrating solid growth potential and the Company has sought to take advantage of a very interesting investment opportunity which also gives greater diversity to the portfolio. The fixed rate facility has a remaining term of just under 10 years and the Company expects to earn an attractive risk-adjusted return in line with its stated investment strategy.

The new investment has been funded partially with drawings on the revolving credit facility and in part using the proceeds of a £10 million repayment on the West End Development, London loan which was received on 22 December 2015 highlighting the Company's continued focus on cash management and thereby cash drag mitigation.

Further to the announcement on 11 December 2015 relating to the adjustments of the existing Dutch light industrial loan, the Company also announces that it has now completed a senior syndication of €12.75 million of its increased exposure in order to enhance returns. The Company's remaining mezzanine position in the loan is approximately €27.6 million. 

For further information, please contact:

For further information, please contact:

Peter Denton - Starwood Capital - 020 7016 3664

Robert Peel - Dexion Capital - 020 7832 0900

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 (including debt instruments) in the UK and the wider European Union's internal market. www.starwoodeuropeanfinance.com.

The Company's assets are managed by Starwood European Finance Partners Limited, an indirect wholly-owned subsidiary of the Starwood Capital Group.