Starwood European Real Estate Finance has announced that it has committed to a €31.2m five year floating rate whole loan to support the acquisition of a portfolio of fully let prime logistics assets in Dublin. The Loan has an initial drawdown of €17.6m with the remaining €13.6m to be advanced in conjunction with the deferred completion on certain assets. The company says that much of the portfolio is let on a long term basis “to a strong covenant” which uses the assets as its national headquarters. The company says that such an investment is not only attractive on its own merits but also further delivers sector diversity to its overall portfolio. The Company remains substantially fully invested.
Starwood European Real Estate Finance provides a €31.2m loan for Dublin logistics assets : SWEF