September 18, 2023
Mayer Brown advises Citibank and Standard Chartered Bank in first European CMBS transaction of 2023
London — Mayer Brown has advised Citibank N.A. (as Arranger and Joint Lead Manager) and Standard Chartered Bank (as Joint Lead Manager) on the first commercial mortgage-backed securitisation (CMBS) transaction in Europe since May 2022.
The transaction, which is valued at approximately £262.5 million, is an agency CMBS of a commercial loan advanced by Citibank to various sponsored entities, with the commercial mortgage loan backed by a portfolio of 37 UK logistics properties owned by Blackstone.
The Mayer Brown team was led by Banking & Finance partner David O’Connor and included senior associate Jaime Lad.
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