Blackstone has secured £204m of debt from a consortium of lenders to finance its latest industrial purchase.
A statement from German bank, Deutsche Pfandbriefbank, said that it has teamed up with HSBC and Wells Fargo to provide a senior debt facility for the purchase of a portfolio of distribution warehouses across the UK.
It added that LaSalle Investment Management, on behalf of its junior loan programme, provided mezzanine debt to support the acquisition.
The total senior and mezzanine financing amount provided was £204m.
The transaction, understood to be for the purchase of the 4m sq ft Triangle Portfolio from London & Stamford and Anglesea Capital, closed on 18 April.
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.
bridget.oconnell@estatesgazette.com
