LONDON-HSBC Bank plc, Wells Fargo and pbb Deutsche Pfandbriefbank have provided senior financing to Blackstone Group for the acquisition of distribution warehouses across the UK. Furthermore, LaSalle Investment Management also has provided mezzanine financing to Blackstone Group to support the acquisition.
The total financing amount received by Blackstone Group was GBP 204 million. The portfolio contains 17 distribution assets totaling 3.6 million square feet. HSBC Bank, Wells Fargo and pbb Deutsche Pfandbriefbank were Joint Arrangers and Underwriters. For the full story, go to Europe Real Estate .
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