Latest news with #StarwoodCapital
Bloomberg
2 days ago
- Business
- Bloomberg
Iberdrola, Echelon Form JV to Develop Data Centers in Spain
Spanish power giant Iberdrola SA is forming a joint venture with Echelon Data Centres to build and operate data centers in Spain, gaining a foothold in the capital-intensive and energy-hungry sector in its home market. Echelon — backed by US private equity firm Starwood Capital Group LLC — will own 80% of the new company, while Iberdrola's CPD4Green unit will hold the rest, according to an emailed statement Monday. Iberdrola will guarantee a constant supply of electricity to the new facilities and pinpoint land already connected to the power grid where centers can be built. The statement confirmed an earlier Bloomberg report.
Yahoo
18-07-2025
- Business
- Yahoo
Starwood Property (STWD) Falls on $2.2-Billion Acquisition of Fundamental Income
We recently published . Starwood Property Trust, Inc. (NYSE:STWD) is one of the worst-performing companies on Thursday. Starwood Property declined by 5.47 percent on Thursday to end at $19.71 apiece as investors shunned news that it was acquiring a net-lease firm for $2.2 billion. In a statement, Starwood Property Trust, Inc. (NYSE:STWD) said it entered into a definitive agreement to acquire Fundamental Income Properties, LLC from Brookfield Asset Management. Fundamental Income operates a vertically integrated net lease real estate investment business, with 467 properties across its portfolio spanning 12 million square feet across 44 states, 56 industries, and 92 tenants. 'When we went public in 2009, we said we would create a diversified company around the areas of expertise of our Manager, Starwood Capital. With the addition of another business cylinder, we are expanding into another proven, scalable segment with strong synergies with our platform. Our core commercial real estate lending business is now approximately half of our asset base as we have strategically expanded into complementary lending and investing verticals,' said Barry Sternlicht, Chairman and CEO of Starwood Property Trust, Inc. (NYSE:STWD). A sky high view of the corporate headquarters indicating the large scale of the company. Following the acquisition, the company announced the distribution of dividends worth $0.48 per share for shareholders as of September 30 record date. The dividends will be payable on October 15, 2025. While we acknowledge the potential of STWD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
AU Financial Review
04-07-2025
- Business
- AU Financial Review
This $215b Asian investor just went private. Two Aussies are in charge
Two Australians have taken charge at ESR, one of the Asia-Pacific region's largest property investors with a $215 billion portfolio and which has just been taken private by a consortium led by US group Starwood Capital. Under the new ownership, ESR's newly promoted top executive, in the role of president, is Phil Pearce. Previously the group's deputy chief executive and also running ESR's Australian operations, Pearce will now be responsible for ESR's day-to-day operations. He joined the group in 2017 and is well-known in the property industry, after senior positions at Goodman Group and roles at Ascendas REIT in Singapore and AMP Capital.
Bloomberg
13-06-2025
- Business
- Bloomberg
ESR Shareholders Approve $7 Billion Buyout By Investor Group
Shareholders of ESR Group Ltd. approved a buyout deal by a consortium of investors valuing the Hong Kong-listed warehouse operator at about $7 billion via a scheme of arrangement. ESR will be acquired by a group including investment firms Starwood Capital Group, Sixth Street Partners, SSW Partners, Warburg Pincus, Qatar Investment Authority and ESR's founders, according to a statement on Friday. In December the buyer consortium proposed to acquire all ESR shares for HK$13 each and take the company private.
Bloomberg
09-06-2025
- Business
- Bloomberg
Starwood REIT Begins to Scale Back Its Steep Withdrawal Limits
A real estate fund managed by Barry Sternlicht's Starwood Capital is slowly lifting a cap on redemptions more than a year after it severely limited investors' ability to retrieve capital. Beginning this month, Starwood Real Estate Income Trust, or SREIT, will limit share repurchases to 0.5% of the fund's net asset value, according to a filing Monday. The fund will also increase quarterly redemptions to 1.5% of NAV in July. The new limits represent a small increase from previous caps of 0.33% per month and 1% per quarter.
