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Starwood European Real Estate Finance Ltd last week Monday said its loans’ performance in the first half of the year was ‘very robust’ The investor which manages senior and mezzanine real estate debt in the UK and Europe said net asset value per share edged up 1.1% to 104.92 pence each as at June 30 from 103.75p a year ago. The company noted that the situation in Ukraine and the Middle East posed ‘a significant risk to European and global economies. While the group has no direct or known indirect involvement with Ukraine, Russia or the Middle East it may be impacted by the consequences of the instability caused by the ongoing conflict.’ Chair John Whittle said: ‘The board is pleased that the diligent underwriting, loan structuring and active asset management of the investment manager and adviser has led to very robust performance of the loans during the period.’ Starwood European shares closed flat at 93.00 pence each on Friday in London. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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