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BREDS closes £323m St Giles financing

Blackstone Real Estate Debt Strategies (BREDS) provides development finance for the revamp of St Giles Circus in London’s West End.

Blackstone to finance Popular stake with up to 75% debt

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

Spanish bank Banco Popular has entered exclusive talks with Blackstone over the sale of a majority stake in its €30 billion property portfolio, the bank said in a statement released on Monday. Blackstone has agreed to acquire 51 percent of Popular’s portfolio, comprising repossessed assets worth an estimated €18 billion and €12 billion of non-performing […]

Morgan Stanley securitises Devonshire Square debt

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.

Investors swoop on performing loans

Blackstone and Prudential's £11.8 billion purchase of a loan portfolio demonstrates today's demand for non-core but performing debt.

UKAR sells £11.8bn Bradford & Bingley loans to Blackstone and Prudential

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.

Blackstone writes £83m whole loan for UK self storage deal

Blackstone Real Estate Debt Strategies (BREDS) provided an £83 million whole loan for the acquisition of UK self storage company Big Box last month.

Three banks provide €210m for Blackstone’s Polish mall

A trio of European banks have provided a €210 million term loan to refinance a Polish mall owned by Blackstone’s European retail platform.

Khera leaves Blackstone to launch PRS business

Anil Khera has left his role as a managing director in Blackstone’s real estate group in order to launch a private rented sector (PRS) development business.

Blackstone raises $4.5bn for BREDS III

Blackstone has raised $4.5 billion for Blackstone Real Estate Debt Strategies (BREDS) III fund, sources confirmed to Real Estate Capital.