Blackstone UK logistics CMBS sees high demand lower down cap stack
Sole arranger Bank of America has added £104.5m to Taurus 2021-4, a UK logistics CMBS sponsored by Blackstone, ahead of pricing on Thursday. The deal had trouble matching subscription levels seen for logistics CMBS at the beginning of the year, but demand came in strong lower down in the capital stack, reflecting a shift in investor preferences as the UK economy reopens.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: