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BNP Paribas privately places €85m Lusso luxury retail outlet CMBS

BNP Paribas has privately placed the two tranche, unrated €85m floating rate Italian retail CMBS, dubbed Lusso Srl, at par with a mix of Asian and UK investors.
By James Wallace
August 5, 2015 | 3:33 P.M.

Lusso Srl is secured by Sicilia Outlet Village, a luxury retail outlet located in Sicily, Italy and valued at 139.7m by CBRE in mid-March, reflecting an LTV of 60.8%.

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News | BNP Paribas privately places €85m Lusso luxury retail outlet CMBS