CMBS

The £1.5bn securitisation is the largest UK commercial mortgage-backed securities deal in more than 10 years.

Todd Boehly’s Eldridge is in growth mode following the integration of the business into his new asset management firm.

The Dutch bank says this year is on track to be the biggest for real estate bond issuance since 2021.

The latest valuation for the River Ouest campus is €204m lower than when it was bought five years ago.

The commercial mortgage-backed securitisation is the largest European CMBS deal since 2021. 

The manager needs time to complete a plan to upgrade thousands of assets.

The Toronto-based manager wanted to find a buyer for the London office tower by 20 January, prior to the expiration of the underlying commercial mortgage-backed securities loan.

China Life Insurance, one of the building’s sponsors, agreed to provide £192m of equity following a statement earlier this month it would not be able to do so.

Noteholders and lenders have voted to extend senior and mezzanine facilities, due to mature on 16 September, on seven office assets near the country’s two main cities

The debt secured on the 36-storey office building is due to be repaid in January 2025.