A UK logistics deal, sponsored by Blackstone, has become the market’s first issuance of the year.
The US manager has been granted a three-year extension to execute its business plan for four retail assets.
The first CMBS-type deal in the sector in Europe is sponsored by US company Vantage Data Centres.
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Noteholders in the retail-focused securitisation will vote on the proposal later this month.
The CMBS special servicer will leave the valuation in draft form until the future of the asset’s key tenant is clearer.
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Mount Street placed the securitised loan, originally issued by Goldman Sachs, into special servicing when it matured on 15 January.
Scope Ratings listed six securitised European loans, due to mature this year, as most at risk.
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The ratings agency is reviewing its ratings of a £367m commercial mortgage-backed securitisation secured by the City of London tower.
The manager has won a three-year loan extension which enables its Sponda subsidiary to divest assets.

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