Investor interest surges for latest Blackstone-sponsored European CMBS

CMBS office
By Asad Ali
16 Apr 2018

The latest Blackstone-sponsored CMBS transaction, FROSN-2018 DAC, drew strong demand from investors across the capital stack, reflecting scarcity value and attractive pricing compared with other European ABS sectors.

The €530m CMBS is secured on a single senior loan originated by Citi and Morgan Stanley to finance part of Blackstone’s acquisition of Sponda Oyj, which was formerly one of the largest listed real estate firms in Finland, with a market capitalisation of €1.7bn.

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