- Newmark (NMRK, Financial) secures £153 million refinancing for UK logistics portfolio.
- The portfolio spans 1.6 million square feet across key UK regions.
- Assets feature long-term leases with a diverse tenant base.
Newmark Group, Inc. (NMRK), a prominent commercial real estate advisor, has successfully secured a £153 million loan to refinance a portfolio of four prime UK logistics assets. The financing was arranged on behalf of Brookfield, a leading global asset manager with over $1 trillion in assets under management, and Copley Point Capital. The funding was provided by Blackstone Real Estate Debt Strategies.
The strategically assembled portfolio, covering 1.6 million square feet, includes institutional-spec warehouses located in the North West, East Midlands, and London regions. These assets were acquired during the market dislocations of 2023 and are under long-term leases to a diverse range of tenants, indicating strong occupancy and stable income streams for the owners.
Newmark (NMRK, Financial), with its expertise in debt and structured finance, facilitated the refinancing process, reinforcing its position as a key player in the real estate services sector, known for its significant global reach and comprehensive service offerings.
