Blackstone Real Estate Debt Strategies (BREDS) provided an £83 million whole loan for the acquisition of UK self storage company Big Box last month.
Despite challenging market conditions, a diverse array of organisations continues to provide finance to the European property sector. Real Estate Capital’s roll call of the most active lenders in European property finance today once again demonstrates the weight of capital available in the market.
A trio of European banks have provided a €210 million term loan to refinance a Polish mall owned by Blackstone’s European retail platform.
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 has raised $4.5 billion for Blackstone Real Estate Debt Strategies (BREDS) III fund, sources confirmed to Real Estate Capital.
Michael Zerda is the new head of Blackstone Real Estate Debt Strategies in Europe replacing Rob Harper who is returning to the US, Real Estate Capital has learned.
The loan replaces $85 million in debt provided by an AIG Investments-led group in January 2014 and adds to it an additional $75 million of new mortgage debt.
Morgan Stanley is providing a £320 million senior loan to Blackstone to refinance its Devonshire Square mixed-use estate in the City of London.
Morgan Stanley and Blackstone have provided a $335 million acquisition loan to HNA Capital and MHP Real Estate Services for the acquisition of 850 Third Avenue in midtown Manhattan.
Blackstone has raised $2.05 billion for Blackstone Real Estate Debt Strategies (BREDS) Fund III, according to documents filed with the SEC.