Westfield deal emerges to bring volume to European CMBS

Westfield Stratford 230x150
By Tom Porter
28 Jul 2014

Crédit Agricole and Deutsche Bank are marketing a single tranche CMBS transaction backed by the Westfield Stratford shopping centre in East London, which will be more than twice the size of the next biggest European deal this year.

Strat 2014 will offer a single £750m tranche of triple-A rated CMBS with an expected maturity of August 2019 to investors by the beginning of August.

The original announcement set execution for the end of July, but the deal is unlikely to be priced until next week. Investors went ...

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