pbb Deutsche Pfandbriefbank, HSBC Bank and Wells Fargo have jointly provided senior financing for the acquisition of a portfolio of distribution warehouses located across the UK by the Blackstone Group.
pbb Deutsche Pfandbriefbank, HSBC Bank and Wells Fargo have jointly provided senior financing for the acquisition of a portfolio of distribution warehouses located across the UK by the Blackstone Group.
In addition, LaSalle Investment Management, on behalf of its junior loan programme, has provided mezzanine financing to support the acquisition. The total senior and mezzanine financing amount provided was £204 mln (EUR 250 mln). The transaction closed on 18 April 2012.
pbb Deutsche Pfandbriefbank, HSBC Bank and Wells Fargo acted as joint arrangers and underwriters. pbb Deutsche Pfandbriefbank is the facility agent and security agent to the senior facility.
The portfolio comprises 17 distribution assets located across the UK. Together they provide 334,000 m2 of space.
