Starwood Euro Real - Half Yearly Report - Part 3
27/08/2015 08:57
- Part 3: For the preceding part double click ID:nRSa2182Xb
Dividends paid for the year ended As at
31 December 2014 31 December 2014
£ Number of shares
Starwood Property Trust Inc 475,280 9,140,000
SCG Starfin Investor LP 118,820 2,285,000
Stephen Smith 2,080 40,000
John Whittle 364 7,000
Jonathan Bridel 364 7,000
Other
The Group continues to participate in a number of loans in which Starwood Property Trust, Inc. ("STWD") and Starfin European Debt TC, L.P. ("Starfin TC") acted as a co-lender. The details of these loans are shown in the table below.
Loan Related party co-lenders
Maybourne Hotel Group, London STWD
Lifecare Residences, London STWD
Salesforce Tower, London STWD
Centre Point, London STWD, Starfin TC
5 Star Hotel, London Starfin TC
Aldgate Tower, London STWD, Starfin TC
Retail Portfolio, Finland STWD
Industrial Portfolio, Netherlands Starfin TC
W Hotel, Netherlands STWD, Starfin TC
Starwood Capital Europe Advisers LLP also act as Investment Adviser to Starfin GP Limited, the General Partner of Starfin European Debt TC L.P. For the period ended 30 June 2015 there were no transactions between the Group and Starfin European Debt TC L.P., but they continue to act as co-lenders as shown in
the table above.
14. Events After the Reporting Period
On 23 July 2015 23,780,000 new Ordinary Shares ("Placing Shares") were issued
and admitted to the Official List of the UK Listing Authority and trading on
the London Stock Exchange's main market for listed securities. The Placing
Shares were issued at a price of 103 pence per Placing Share which represented
a premium to the NAV per Share as at 30 June 2015 of 3.06 per cent.
On 15 July 2015 a further drawdown was made on the Industrial Portfolio,
Denmark loan. The amount of the drawdown was DKK 32.4 million and DKK 22.9
million remains undrawn as at 26 August 2015.
On 21 July 2015, the Group committed to provide a E6.1 million loan on a
portfolio of retail and residential properties in the Republic of Ireland.
The loan was drawn on 24 July 2015.
On 24 July 2015, the Group committed to increase its existing loan to the 5
Star London Hotel by £6.2 million. The loan was fully drawn by 31 July 2015.
On 24 July 2015 the Company declared a dividend in respect of the period from
1 April 2015 to 30 June 2015 of 1.75 pence per Ordinary Share, payable on 24
August 2015 to Shareholders on the register at 7 August 2015.
On 30 July 2015 the Group 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 fund managed by Brookfield.
On 5 August 2015 the Group provided a £32.5 million whole loan to refinance
a portfolio of industrial properties throughout the UK.
Corporate Information
DirectorsStephen Smith (Non-executive Chairman)Jonathan Bridel (Non-executive Director)John Whittle (Non-executive Director) (all care of the registered office) Investment ManagerStarwood European Finance Partners Limited1, Royal Plaza, Royal AvenueSt Registered Office1, Royal Plaza, Royal AvenueSt Peter Port, Guernsey, GY1 2HL Investment AdviserStarwood Capital Europe Advisers, LLP2nd Floor, One Eagle PlaceSt. James`sLondon, SW1Y 6AFUnited Kingdom Advocates to the Company (as to Guernsey law)Mourant Ozannes1 Le Marchant StreetSt Peter PortGuernsey, GY1 4HP Independent AuditorsPricewaterhouseCoopers CI LLPRoyal Bank Place1 Glategny EsplanadeSt Peter PortGuernsey, GY1 4ND Principal BankersBarclays Private Clients International LimitedPO Box 41Le Marchant HouseSt Peter PortGuernsey, GY1 3BE
Peter Port, Guernsey, GY1 2HL Solicitors to the Company (as to English law and U.S. securities law)Norton Rose LLP3 More London RiversideLondon, SE1 2AQUnited Kingdom RegistrarComputershare Investor Services (Guernsey) Limited3rd FloorNatwest HouseLe
TruchotSt Peter PortGuernsey, GY1 1WD Sole BrokerDexion Capital plc1 Tudor StreetLondon, EC4Y 0AHUnited Kingdom Administrator, Designated Manager and Company SecretaryIpes (Guernsey) Limited1, Royal Plaza, Royal AvenueSt Peter Port, Guernsey, GY1 2HL
This information is provided by RNS
The company news service from the London Stock Exchange
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