Term Sheet: Swap rates ease for now, Cheyne takes over London scheme, Blackstone plans NEC refinancing

Swap rates have eased on news of an Iran ceasefire but uncertainty persists for real estate borrowing markets; Cheyne is reported to have taken ownership of a London mixed-use scheme; Blackstone appoints an investment bank to lead a major refinancing of the NEC in Birmingham; and more in today’s briefing, exclusively for our valued subscribers.