Deutsche Bank brings UK shopping centre CMBS

intu
By Tom Brown
17 Sep 2019

Deutsche Bank is out with a £114m CMBS backed by a single loan on a shopping centre in Derbyshire, anchored by three high-street tenants: Debenhams, Next and M&S.

S&P Global Ratings and DBRS are expected to give the senior 5.8 year tranche a rating of triple-A, as well as a double-A rating to the only other offered tranche, also with a weighted average life of 5.8 years.

The Intu Group recently completed a renovation of ...

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