Investment Firms
Date: Thursday 27 Dec 2012
LONDON (ShareCast) - Starwood European Real Estate Finance (SEREF) and Starwood Property Trust (STWD) announced Thursday they were investing in Maybourne Hotel Group.
The firms are acting as partners in the five-year £547m refinancing of the group's £147m mezzanine component.
The refinancing has been secured on three five-star luxury London hotels including three of the world’s most renowned hotels, namely Claridge’s, the Connaught and the Berkeley.
SEREF has invested £19m and STWD £30m to the refinancing which comprises of a £400m senior loan and £147m of mezzanine.
SEREF's contribution has been undertaken on a loan at around 50%. The company will earn a double digit yield in line with its investment criteria as outlined in its prospectus.
SEREF is an investment company with a diversified real estate portfolio in the UK and Europe, while STWD focuses on financing and managing commercial mortgage loans and residential related debt investments.
Shares for SEREF were up 0.12% to 102.63p at 15:05 Thursday.
RD
Email this article to a friend
or share it with one of these popular networks:
Currency | UK Pounds |
Share Price | 92.00p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 95.00 |
52 Week Low | 85.40 |
Volume | 8,342 |
Shares Issued | 385.94m |
Market Cap | £355.07m |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
Latest | Previous | |
---|---|---|
4th Interim | 3rd Interim | |
Ex-Div | 01-Feb-24 | 02-Nov-23 |
Paid | 23-Feb-24 | 24-Nov-23 |
Amount | 1.88p | 1.38p |
Time | Volume / Share Price |
16:35 | 80 @ 92.00p |
16:35 | 6 @ 92.00p |
16:35 | 74 @ 92.00p |
16:15 | 20 @ 91.80p |
15:31 | 20 @ 91.80p |
Chair | John Whittle |
You are here: research