The private equity giant priced the £507 million ($680 million) commercial mortgage-backed securities deal through its UK Logistics 2025-2 DAC vehicle, the person said. The transaction, made via its industrial warehousing business Indurent, was 2.4 times covered with around 20 investors participating, added the person.
A spokesperson for Blackstone declined to comment.
The sale is yet another boost for Europe’s CMBS market. There have been more than £6.1 ...