- Starwood European Real Estate Finance said it had closed a five-year €19.5m fixed-rate loan, secured by a mixed-use office and hotel property in Madrid.

The financing had been primarily provided in the form of an initial advance, along with a smaller capex facility to support the borrower's light capex initiatives.

The company said it expected to earn an 'attractive' risk-adjusted return in line with its stated investment strategy.

It had now invested in five Spanish loans with a total commitment of around €182m.

At 2:16pm: [LON:SWEF] Starwood European Real Est Fin Ltd share price was -0.25p at 104.25p

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