SWEF Updates on Office Portfolio and Loan Repayments

Starwood European Real Estate Finance Ltd (SWEF) has provided an update on its office portfolio and recent loan repayments. As of 31 July 2025, the loan investment secured on the Office Portfolio in Dublin was written down to €6.75 million, representing 4.1% of the company's NAV. SWEF is in talks with an investment vehicle advised by Starwood Capital Group to potentially sell the Office Portfolio loan investment, with the transfer value expected below the current carrying value.

In August 2025, SWEF received full repayments on two other loan assets, Hotel, North Berwick, and Life Science, UK, totaling £29.1 million. The company's NAV as of 31 July 2025 was £145.0 million, equating to 97.92 pence per share.

SWEF has returned £256.0 million to shareholders, which is 61.9% of its NAV as of January 2023, following its orderly realisation strategy.