Starwood European Real Estate Finance has raised £40m via a share issue.
The placing was oversubscribed and investor demand for the placing exceeded the target.
Last week, the firm announced it was seeking to issue up to 38.2m new ordinary shares at 104.75p per share.
Stephen Smith, chairman, said: “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. We are confident in our continued ability to invest in attractive projects.”
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