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The logistics owner’s CFO and head of investor relations discuss finance market conditions.
The €499m bond, due to mature in October, was restructured with the help of a €100m loan from majority shareholder Apollo.
The subordinate loan was part of the €720m refinancing led by US bank Citi of Finnish flexible office operator Technopolis.
The finance director of the UK company’s investment adviser said diversifying its debt is a ‘natural’ next step.
The special servicer has accepted a bid for the underlying assets, which were hit by the crisis in UK retail.
The firm is delving into the role public and private strategies play in institutional investor portfolios.
The manager says the transaction enables it to free up capital for future deals.
A UK logistics deal, sponsored by Blackstone, has become the market’s first issuance of the year.
The first CMBS-type deal in the sector in Europe is sponsored by US company Vantage Data Centres.
Noteholders in the retail-focused securitisation will vote on the proposal later this month.