Chiswick Park sale will not trigger CMBS prepayment, says BofA Merrill

Blackstone’s sale of Chiswick Park, the west London business park that was the underlying asset in Europe’s first post-crisis CMBS, to the China Investment Corporation will not trigger a prepayment of the outstanding CMBS debt, according to analysts at Bank of America Merrill Lynch.

  • By Joseph McDevitt
  • 13 Jan 2014
Blackstone first courted investor interest in the property at the end of 2012, only a year and half after Deutsche Bank securitized the financing loan in DECO 2011-CSPK. But a deal at that point could not be reached, partly because development of Building 7 in the complex was ...

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