22nd Oct 2013 10:59
LONDON (Alliance News) - Starwood European Real Estate Finance Limited Tuesday said it is set to lend out EUR21.8 million to finance the acquisition of an industrial and office portfolio in the Netherlands.
The company said it expects to earn a single digit return, in line with its investment criteria, and the loan is expected to be fully drawn before the end of October.
The company has now made or committed to six investments, for a total value of approximately GBP116.1 million, representing 49% of net assets.
Starwood European Real Estate Finance said the investments was one of the six transactions it referred to as "in the immediate investment pipeline" in a factsheet published in early August.
Four of those transactions have now been closed, while the remaining two "remain in execution".
The company said it expects to make announcements regarding the remaining investments in the near term.
Starwood European Real Estate Finance shares were Tuesday quoted at 100.25 pence, up 0.1%.
By Samuel Agini; [email protected]; @samuelagini
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