Tag Archives: Blackstone

Blackstone to acquire Cannon Bridge House through B-Loan purchase from Fortress

Blackstone is on the brink of securing a £170m purchase of Cannon Bridge House in the City of London, through the acquisition of the B-Loan underneath the securitised debt from Fortress Investment Group. Blackstone will today complete the purchase of … Continue reading

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BAML issues initial pricing guidance for Italian private equity CMBS

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Bank of America Merrill Lynch (BAML) has issued initial pricing guidance on its first European commercial real estate securitisation of the year – the private equity sponsored €286.425m Taurus 2015–1 IT. The transaction is the securitisation of three commercial real … Continue reading

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Blackstone secures £76m BNP loan for Chiswick Park’s Building 7 ahead of ambitious leasing strategy

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Blackstone has secured a £76.5m three-year investment loan for the private equity firm’s final Chiswick Park office investment play, the unfinished and vacant Building 7, from BNP Paribas Corporate and Institutional Banking three months ahead of its practical completion. BNP … Continue reading

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BAML launches €286.4m multi-borrower Italian CMBS backed by three private equity firms

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Bank of America Merrill Lynch (BAML) has launched a five-year €286.4m multi-borrower securitisation of three Italian loans extended to Blackstone, Cerberus and Orion Capital Managers in an all private equity sponsor securitisation dubbed TAURUS 2015-1 IT. The three loans are … Continue reading

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Blackstone to sell Valad Europe equity stake

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UBS has been appointed to sell Blackstone’s majority stake in Valad Europe, the European real estate investment manager with €4.9bn under management, crystallising the private equity giant’s investment profit ahead of the fund’s maturity in August 2016. Blackstone and Valad … Continue reading

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Apollo simplifies Tragus’ complex capital structure built up over successive buyouts

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A consortium led by Apollo Global Management has completed the complex restructuring of Tragus Group, formerly owned by Blackstone, after taking ownership of the restaurant chain operators through a debt-for-equity swap and reducing its debt by more than £260m. Apollo, … Continue reading

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LaSalle underwrites €210m whole loan to refi Blackstone’s Rhein-Ruhr-Zentrum

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Blackstone and ECE have refinanced the Rhein-Ruhr-Zentrum shopping centre in Mülheim, Germany with a €210m whole loan from LaSalle Investment Management. CoStar News understands that LaSalle initially underwrote the €210m whole loan with Helaba coming in and taking a €175m … Continue reading

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Deutsche Bank issues pricing guidance on €355.0m GONDOLA CMBS

Deutsche Bank has issued initial pricing guidance for its first multi-loan European CMBS since the global financial crisis, the €355.0m DECO 2014 – GONDOLA transaction, which is the securitisation of three separate loans to Blackstone to finance logistics, retail and … Continue reading

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GE Capital Real Estate finances Blackstone’s Project Tower with €770m loan-on-loan facility

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GE Capital Real Estate has won the mandate to finance Blackstone’s Project Tower, the Micheal O’Flynn UK and Irish commercial property loan portfolio, with a €770m five-year loan-on-loan facility. The financing mandate was competitive, with underbidders including at least four … Continue reading

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