Issuer

UK Logistics 2024-2 DAC

CMBS

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Summary

UK Logistics 2024-2 DAC is a securitisation of two floating-rate senior commercial real estate loans. The Mileway facility and the Indurent facility were advanced to borrowers ultimately owned by Blackstone Real Estate Partners by Bank of America Europe DAC and Morgan Stanley Principal Funding, Inc. in connection with refinancing the acquisition of two logistics portfolios comprising standing logistics assets and industrial outdoor storage assets in the United Kingdom, largely concentrated in the South East, including the greater London area.