Starwood European Real Estate Finance is a Guernsey domiciled closed-end investment company that will originate, execute and service a diversified portfolio of commercial real estate debt investments in liquid markets (office, retail, logistics, light industrial, hospitality and residential) in the UK and Continental Europe.
Starwood European Real Estate Finance has increased the size of a loan it made last October by an additional €13.5m to allow the borrower to acquire seven light-industrial and office properties in the Netherlands – this means that they have commitments for 77% of the IPO proceeds
Starwood European Real Estate Finance has completed its first financial year. At the end of 2013 its net asset value was 99.13p and its share price 100.75p (it launched on 17 December 2012 at £1). It paid a dividend of 1.9p for the period in February this year, less than forecast at the time of the […]
Starwood European Real Estate Finance is providing a €14.3m facility to enable the purchase of an office building in Amsterdam fully occupied by UPC Nederlands. They say the return on the facility will be ‘solid single digit’. With this deal, SWEF has now made eight investments adding up to a total value of £168m or 72% of net […]
Starwood European Real Estate Finance says that following a review of its strategy and after seeking advice from its advisers, its board intends to recommend a strategy of orderly realisation and the return of capital over time to shareholders. Under the current discount control mechanism, the company is required to redeem up to 75% of […]
Value hunters boost property The easing of lockdown restrictions throughout the quarter saw property companies stage somewhat of a comeback from the depths of the pandemic, despite ‘freedom day’ being delayed into July. The potential for an economic bounce in the second half of the year is growing and generalist real estate investment trusts (REITs), […]
Lockdown cloud begins to lift The success of the vaccine rollout in the UK and the implementation of a roadmap out of lockdown saw the share prices of listed property companies – most of which had been decimated during the last year – make somewhat of a recovery. The economy is on firmer footing and […]
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data July’s biggest movers in price terms are shown in the chart below. A number of REITs and property companies saw big share price gains over the month of July as covid-19 restrictions started to ease across the UK and greater economic stimulus was revealed. […]
Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments A polarised lens The covid-19 pandemic continued to wreak havoc in the real estate in the second quarter, but a polarisation of sectors and funds has started to become apparent. Companies focused on the retail, leisure and hospitality property sectors had already seen huge negative […]
Starwood European looks to raise £40m – Starwood European Real Estate Finance (SWEF) has announced a new ordinary share placing with a target raise of £40m at a price of 104.8 pence per placing share. SWEF’s shares have closed most of the discount to NAV that came about in late 2018 on the back of […]
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