CMBS mart leans on logistics assets

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By Tom Brown
10 Feb 2021

Blackstone has announced a £323.1m ($447m) UK CMBS backed by 45 logistics properties across the UK, mandating Bank of America as arranger and Barclays as joint lead for the deal.

A full capital stack is on offer, with all tranches coming with a weighted average life (WAL) of 5.2 years, set to yield a floating rate coupon over Sonia. This is around 0.2 years longer than the last Taurus deal.

A single loan with an LTV of ...

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