LONDON-HSBC Bank plc, Wells Fargo and pbb DeutschePfandbriefbank have provided senior financing to Blackstone Groupfor the acquisition of distribution warehouses across the UK.Furthermore, LaSalle Investment Management also has providedmezzanine financing to Blackstone Group to support theacquisition.
The total financing amount received by Blackstone Group was GBP204 million. The portfolio contains 17 distribution assets totaling3.6 million square feet. HSBC Bank, Wells Fargo and pbb DeutschePfandbriefbank were Joint Arrangers and Underwriters. For thefull story, go to Europe Real Estate .
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