REG-Starwood European Real Estate Finance Ltd SWEF: *Correction* - Portfolio Update

Starwood European Real Estate FinanceAnnouncement

17/10/2022 14:15

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   Starwood European Real Estate Finance Ltd (SWEF)
   SWEF: *Correction* - Portfolio Update

   17-Oct-2022 / 14:02 GMT/BST
   Dissemination of a Regulatory Announcement that contains inside
   information in accordance with the Market Abuse Regulation (MAR),
   transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   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

                                        

      The following amendment has been made to the amount drawn under the
     Group’s credit facilities net of cash held from £27.6 million to £37.6
   million in the Portfolio Update announcement released on 16 September 2022
                       at 7:01 under EQS News ID: 1443867

                                        

               *Correction* - New £46.2m Floating Rate Investment

                   Multi-let industrial estate, Loughborough.

                                        

   Starwood European Real  Estate Finance ("the  Group"), a leading  investor
   originating, executing and  managing a diverse  portfolio of  high-quality
   real estate debt  in the UK  and Europe,  is pleased to  announce that  in
   September 2022 the  Group funded the  initial advance of  a £46.2  million
   floating rate whole loan secured by an industrial estate in  Loughborough,
   UK. The financing has been provided in  the form of an initial advance  to
   assist the acquisition of the asset along with a smaller capex facility to
   support the borrower's value-enhancing capex initiatives.

   The asset is a multi-let industrial estate currently consisting of 802k sq
   ft across 11 buildings across  53 acres with a  strong income base. It  is
   located in Loughborough within the Golden Triangle for logistics providing
   strong transport links within the UK. 

    

   Following this investment, the Group has approximately £37.6 million drawn
   on its credit facilities net of cash held.

    

   John Whittle, Non-executive Chairman, said:

    

   "We are delighted to acquire this highly attractive loan with its exposure
   to highly sought-after assets in the East Midlands in the rapidly  growing
   UK industrial and logistics market. Exceptional risk adjusted secured debt
   opportunities such  as these  support our  policy of  delivering a  robust
   quarterly dividend to  shareholders, currently equating  to an  annualised
   dividend yield of 5.80% based on  the closing share price on 15  September
   2022.

    

   “Given the majority floating rate component of the portfolio, the Group is
   exceptionally well positioned  to deliver  strong returns  in the  current
   rising rate  environment. Our  pipeline  of further  potential  investment
   opportunities remains strong in a compelling market for our strategy."

    

   For further information, please contact:

   Apex Fund and Corporate Services (Guernsey) Limited as Company Secretary

   +44 (0)203 5303 630

   Duke Le Prevost

    

   Starwood Capital     +44 (0) 20 7016 3655

   Duncan MacPherson

    

   Jefferies International Limited     +44 (0) 20 7029 8000

   Stuart Klein

   Neil Winward

   Gaudi Le Roux

    

   Buchanan      +44 (0) 20 7466 5000

   Helen Tarbet       +44 (0) 07788 528143

   Henry Wilson

   George Cleary

          

    

   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 in the UK and the wider European Union's  internal
   market.  1 www.starwoodeuropeanfinance.com.  The  Group  is  the   largest
   London-listed vehicle to provide investors with pure play exposure to real
   estate lending.  The  Group's  assets are  managed  by  Starwood  European
   Finance Partners  Limited,  an indirect  wholly  owned subsidiary  of  the
   Starwood Capital Group.

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   ISIN:           GG00B79WC100
   Category Code:  PFU
   TIDM:           SWEF
   LEI Code:       5493004YMVUQ9Z7JGZ50
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   195023
   EQS News ID:    1465305


    
   End of Announcement EQS News Service

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