Blackstone Real Estate Debt Strategies (BREDS) provides development finance for the revamp of St Giles Circus in London’s West End.
Finland is on the radar of international investors and lenders, joining its Nordic
neighbours as a hot destination for real estate capital.
Blackstone is to fund its latest push into the Nordic real estate markets with a €2.6 billion financing of its recently acquired Sponda platform in Finland, in one of the cycle's largest real estate lending deals.
The New York-based firm will finance the deal mostly through debt as it uses equity from its €7.8 billion Europe V fund.
Blackstone in exclusive talks to acquire Banco Popular NPLs
Morgan Stanley has securitised a portion of the circa £345 million whole loan which it provided to Blackstone last May to refinance the Devonshire Square estate in the City of London.
Blackstone and Prudential's £11.8 billion purchase of a loan portfolio demonstrates today's demand for non-core but performing debt.
UK Asset Resolution (UKAR), the government-mandated 'bad bank', has sold assets of former UK bank Bradford & Bingley (B&B) to Blackstone and Prudential for £11.8 billion.
Gadi Jay and Will Skinner of Blackstone tell Daniel Cunningham how they source the debt behind the firm’s European property deals.
Blackstone Real Estate Debt Strategies (BREDS) provided an £83 million whole loan for the acquisition of UK self storage company Big Box last month.