Chiswick Park returns as CMBS hunt hots up
Investors on both sides of the Atlantic are ramping up their interest in German multi-family CMBS, driving spreads for senior bonds in Grand (German Residential Asset Note Distributor) back to par. However, Deutsche Bank could beat any new German multi-family supply to market with a new Chiswick Park CMBS.
Chiswick Parks owner, private equity company Blackstone, part financed the £480m purchase in 2011 with the European CMBS markets first deal since the 2008 crisis, the £300m Deco 2011-Chiswick Park, arranged and underwritten by Deutsche Bank.
Now Deutsche Bank plans to issue £400m of new CMBS backed by
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