- Starwood European Real Estate Finance launched a share issue to raise around £40m to pay down debt.

New shares in the company were being offered at 104.75p each.

'The company intends to use the proceeds of the placing to repay its drawings under its credit facilities in order to be ready to draw again on these facilities in the near future as it executes on its near term pipeline,' Starwood said.

At 9:52am: [LON:SWEF] Starwood European Real Est Fin Ltd share price was +0.25p at 106.75p

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