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Greystar taps debt markets for £1.2bn for UK assets

US rental housing behemoth, Greystar Real Estate Partners, is tapping the debt markets for more than £1.2bn of bank finance to support the delivery of two major residential sites in London and the refinancing of its £1.5bn UK student housing portfolio, CoStar News can reveal.
By James Buckley
February 16, 2018 | 2:32 P.M.

Comprising three separate mandates, Greystar has approached lenders for around £328m of construction finance to help bring forward 894 homes on its Nine Elms site, which it is delivering alongside Royal Mail. Eastdil Secured has been instructed to secure the debt facility, which is expected to reflect an LTC of 60%.

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