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Starwood EREF raising £73m at 103.5p/shr

10 August 2016 07:35

Starwood European Real Estate Finance Ltd is issuing about 70.8m new shares at a premium 103.5p each to raise £73m gross.

Net proceeds have been committed to be used to finance the acquisition of a £75m real estate mezzanine loan secured over a UK regional portfolio of budget hotels.

Story provided by StockMarketWire.com

Related Company: SWEF

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