5th Mar 2014 10:35
LONDON (Alliance News) - Starwood European Real Estate Finance Ltd Wednesday said it will provide EUR14.3 million in financing to fund the acquisition of an Amsterdam office building, which is fully occupied by cable operator UPC Nederlands BV.
The company?s assets are managed by Starwood European Finance Partners Ltd, an indirect wholly-owned subsidiary of the Starwood Capital Group.
The Guernsey domiciled closed-end investment company said it expects to earn a solid single-digit return in line with its investment criteria. The loan is expected to be fully drawn in March.
Starwood has now made or committed to eight investments, for a total value of around GBP168 million, representing 72% of net assets, reduced to 71% after accounting for scheduled amortisation and prepayments which took place in January.
The stock was trading at unchanged at 102.00 pence Wednesday morning.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
Copyright © 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Starwood Eur