Starwood European Real Estate Finance Updates on Dublin Loan

Starwood European Real Estate Finance Ltd (SWEF) has announced a key update regarding its loan investment tied to a central Dublin property portfolio. Known as the Office Portfolio, the loan, valued at €4.8 million as of November 2025, accounts for approximately 18.7% of the company's adjusted Net Asset Value (NAV). Discussions initiated in September 2025 have culminated in a restructuring deal. The loan will be acquired by an entity linked to Blackstone Group Inc for €4.8 million, with part of the funding provided by SPT Real Estate Capital, LLC, an affiliate of Starwood Capital Group.

The transaction, set for completion on 23 December 2025, follows a strategy adopted in January 2023 to realize assets orderly. To date, £346 million has been returned to shareholders through compulsory redemptions. SWEF's current NAV stands at £52.4 million, with a per-share value of 96.74 pence.

This transaction is categorized as a related party transaction under UK regulations, with the board considering it fair and reasonable. Jefferies International advised the directors in this matter.