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Investors Pile In to £340.1M Blackstone UK Industrial CMBS

Very Tight Pricing, Strong Coverage For Bank of America/Barclays-Led Deal Sparks Expectations of Revival in European CMBS Activity
CoStar News
February 22, 2021 | 2:58 P.M.

Taurus 2021-1 UK DAC, a £340.1m CMBS being led by Bank of America and Barclays and collateralised by a loan freshly minted and secured against a portfolio of 45 mainly last-mile assets in the UK assembled by Blackstone, is pricing at pre-pandemic levels as investors scramble to get a piece of the action in a development likely to encourage further transactions.

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