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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.
Blackstone Group has reportedly agreed to sell Strategic Hotels & Resorts to China's Anbang Insurance Group for $6.5 billion.
Bank of America Merrill Lynch (BAML) has launched the first European CMBS of 2016, with the securitisation of a loan written to Blackstone last July to finance a German retail portfolio.
The firm closed 50 financings, including a jumbo near €3 billion loan from Credit Suisse, making it likely to have been last year's biggest European borrower of real estate finance.
Blackstone has sourced €341 million of finance from two European banks to fund its acquisition of the logistics portfolio of Austria’s Immofinanz, Real Estate Capital can reveal.
Blackstone Real Estate Debt Strategies (BREDS) has provided $285 million in financing for the acquisition of RiverTower at Sutton Place, a residential tower at 420 East 54th Street in Manhattan.

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