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Citi and Lloyds sell £250m Nido loan to AXA and syndicate £100m mini CMBS tranche

Citigroup and Lloyds have syndicated a £100m tranche in CMBS format of the £390m whole loan extended to the Greystar Real Estate-led acquisition of three Nido student accommodation blocks in central London, as part of a wider sell down of the financing.
By James Wallace
September 30, 2015 | 5:25 P.M.

Greystar Real Estate, one of the largest operators of multi-family and student housing in the US which is currently building scale in the UK, acquired 2,375-bed Nido London for £600m from a consortium led by Round Hill Capital in April, financed by a £390m three-year whole loan from Citigroup.

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