Newmark secures €179m loan from Blackstone for logistics portfolio
Commercial real estate advisor Newmark has secured a £153 mln (€179 mln) loan from Blackstone Real Estate Debt Strategies for asset managers Brookfield and Copley Point Capital.
The loan will be used to refinance a 148,645 m2 UK logistics portfolio comprising four high-quality warehouses across prime locations across the North West, East Midlands, and London.
The portfolio was acquired by Brookfield and Copley Point Capital in 2023.
The financing was arranged by Matthew Featherstone, head of UK & European Debt & Structured Finance, managing director Steve Williamson and VP Matthew Kang.
The warehouses are on long-term leases to a diversified roster of existing tenants.
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