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Blackstone's BREDS enforces over Invista European property trust

Blackstone Real Estate Debt Strategies (BREDS) has enforced over the Invista European Real Estate Trust (IERET) after an unsuccessful portfolio sale or refinancing and the material deterioration in the rental forecast for the remaining mixed-use Continental property portfolio.
By James Wallace
September 14, 2015 | 7:30 P.M.

IERET’s property portfolio, 26 mixed-use secondary commercial properties managed by Internos Global Investors, is secured by an outstanding 168.7m whole loan which has been in default since May.

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