Chiswick Park sale will not trigger CMBS prepayment

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Chiswick Park sale will not trigger CMBS prepayment

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.

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