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BAML Launches CMBS Secured Against £871.4m Blackstone UK Principally Last-Mile Industrial Portfolio

Move is first European CMBS launched post the Covid-19 prompted lockdown, with three having priced by March
File Photo / iStock
File Photo / iStock
CoStar News
July 22, 2020 | 12:25 P.M.

Bank of America Merrill Lynch (BAML) has launched Europe's first post Covid-19 lockdown European CMBS, the financing of 76% of a £518.3m commercial mortgage term loan advanced to Blackstone Real Estate Partners.

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News | BAML Launches CMBS Secured Against £871.4m Blackstone UK Principally Last-Mile Industrial Portfolio