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Contract Wins and Joint Ventures

SWEF inks loan deal

23 February 2016 12:43

Starwood European Real Estate Finance has announced that it has advanced a GBP26.95m whole loan in relation to a hotel in the Channel Islands.

The Company said:

"This specific hospitality submarket is demonstrating solid performance and the asset being financed is the market leader. Such an investment is not only attractive on its own merits but also further delivers geographical and sector diversity to the overall portfolio.

"The fixed rate facility has a term of 5 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 with drawings on the revolving credit facility. It remains the company's intention to continue to the draw on the facility in the near term to optimise liquidity management of potential loan repayments and, once addressed, future equity issuance."

At 12:43pm: (LON:SWEF) Starwood European Real Est Fin Ltd share price was -0.75p at 105p

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