SWEF : Portfolio Update

Starwood European Real Estate Finance Ltd (SWEF) 
SWEF: Portfolio Update 
21-Jul-2021 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 
(MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
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21 July 2021 
 
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS OR IN, INTO 
OR FROM THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA, JAPAN, NEW ZEALAND OR ANY JURISDICTION WHERE TO DO SO WOULD 
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION 
 
Starwood European Real Estate Finance Limited 
 
New GBP13.5m Belfast Investment 
Attractive Floating Rate Loan Secured on Two Properties 
 
Starwood European Real Estate Finance Limited and its subsidiaries ("the Group"), a leading investor originating, 
executing and managing a diverse portfolio of high-quality real estate debt in the UK and Europe, has successfully 
closed a three year GBP13.5 million floating rate loan secured by a freehold, consisting of a 38k square foot, fully let 
office and a 145-key hotel located in the central business district of Belfast, Northern Ireland. 
 
The Group expects to earn an attractive risk-adjusted return in line with its stated investment strategy of providing 
shareholders with regular income and an attractive total return while limiting downside risk. At 31 March 2021, the 
invested loan portfolio unlevered annualised total return1 was 6.7% and dividend yield was 6.5%. 
 
Following this investment activity the Group has approximately GBP25 million drawn on its credit facilites net of cash 
held. 
 
Lorcain Egan, Managing Director - Head of Lending, Europe at Starwood Capital Group, the Investment Adviser to the 
Group, said: 
 
"We are delighted to have closed this loan, with highly attractive risk-adjusted returns, on  a strong asset with high 
quality counterparties. The office is fully occupied and let to high quality tenants for a WAULT of over 5.5 years. 
 
We continue to take a detailed, hands-on approach to asset management and engage in regular dialogue with our borrowers 
in order to ensure that the performance of our portfolio continues to be robust, as it has been throughout the Covid-19 
pandemic." 
 
1 Calculated on amounts outstanding at the reporting date, excluding undrawn commitments, and assuming all drawn loans 
are outstanding for the full contractual term. 
 
 
For further information, please contact: 
Apex Fund and Corporate Services (Guernsey) Limited as Company Secretary 
Magdala Mullegadoo 
[phone] 
 
Starwood Capital     [phone] 
Duncan MacPherson 
 
Jefferies International Limited     [phone] 
Stuart Klein 
Neil Winward 
Gaudi Le Roux 
 
Buchanan      [phone] 
Helen Tarbet       [phone] 
Henry Wilson 
Hannah Ratcliff 
 
 
Notes: 
Starwood European Real Estate Finance Limited is an investment company listed on the main market of the London Stock 
Exchange with an investment objective to provide Shareholders with regular dividends and an attractive total return 
while limiting downside risk, through the origination, execution, acquisition and servicing of a diversified portfolio 
of real estate debt investments in the UK and the wider European Union's internal market. 
www.starwoodeuropeanfinance.com. 
The Group is the largest London-listed vehicle to provide investors with pure play exposure to real estate lending. 
The Group's assets are managed by Starwood European Finance Partners Limited, an indirect wholly owned subsidiary of 
the Starwood Capital Group. 
 
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ISIN:          GG00B79WC100 
Category Code: PFU 
TIDM:          SWEF 
LEI Code:      5493004YMVUQ9Z7JGZ50 
Sequence No.:  118074 
EQS News ID:   1220283 
 
End of Announcement  EQS News Service 
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July 21, 2021 02:00 ET (06:00 GMT)