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 | 92.10p |
Change Today | 0.100p |
% Change | 0.11 % |
52 Week High | 95.00 |
52 Week Low | 85.40 |
Volume | 521,731 |
Shares Issued | 385.94m |
Market Cap | £355.45m |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
Latest | Previous | |
---|---|---|
1st Interim | 4th Interim | |
Ex-Div | 02-May-24 | 01-Feb-24 |
Paid | 24-May-24 | 23-Feb-24 |
Amount | 1.38p | 1.88p |
Time | Volume / Share Price |
14:53 | 300,000 @ 92.90p |
12:01 | 114,396 @ 92.08p |
14:32 | 10,242 @ 92.80p |
14:31 | 10,242 @ 92.50p |
14:26 | 1,322 @ 93.20p |
Chair | John Whittle |
You are here: research