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.