UK group sells motorway services CMBS
Extra MSA Group, which owns a portfolio of 18 motorway service areas (MSAs) in the UK, has securitised half of them in a private £220m commercial mortgage-backed bond just before Christmas.
Alternative investment manager Aalto Invest, which is acting as loan manager on the deal, placed the notes with Rothesay Life, Dongbu Insurance, Dongbu Asset Management and one other “substantial” UK institution, the firm said in a statement on Monday.The securitised Abraham portfolio has a current total annual ...
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