Starwood European Real Estate ate Finance (GB:SWEF) has released an update.
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Starwood European Real Estate Finance Limited reported a significant impairment on its €25.9 million loan linked to a Dublin office portfolio due to challenging market conditions, leading to a 50% write-down. Despite this, the company remains committed to maximizing value recovery and continues to work closely with stakeholders. This adjustment has reduced its net asset value, reflecting the ongoing uncertainties in the real estate market.
For further insights into GB:SWEF stock, check out TipRanks’ Stock Analysis page.