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Industrial & logistics
Soaring values should give lenders pause for thought, but European logistics fundamentals remain solid for now.
BAML and Morgan Stanley launch €338m loan securitisation in a transaction sponsored by Blackstone – the seventh this year in the resurgent European securitisation market.
The bank will securitise a large portion of three loans sponsored by Blackstone and Partners Group.
The German lender has provided a €94m, five-year loan at 65% LTV to finance Rasmala’s purchase of assets including an Amazon distribution hub.
Singapore’s GLP has raised capital for its purchase of Gazeley by tapping Chinese President Xi Jinping’s drive to improve trade with Europe.
Real estate professionals across Europe expect debt to remain liquid into 2018, amid a riskier market, reports Doug Morrison
Investors are more upbeat about the near future for the UK market, according to the results of the latest Colliers International and Real Estate Capital Investor Pricing Survey.
Bank of America Merrill Lynch’s UK CMBS deal shows investment banks remain determined to finance European real estate in this late-cycle market.
Bank of America Merrill Lynch has priced a £347.9 million (€389.3 million) UK CMBS, against the backdrop of a market which has been virtually closed for around 18 months.
UK-based Warehouse REIT has sourced £65 million (€73 million) across two financing facilities from HSBC.