Arrangers have confirmed that CMBS will form part of the permanent financing for Grupo Inmocaral’s €3.7 billion bid for Inmobiliara Colonial. The target has assets in Spain and France, owning a majority stake in French SIIC Société Foncière Lyonnaise.
Goldman Sachs and RBS have arranged financing for the bid. The banks took the unusual approach of providing a structured acquisition loan rather than a bridge financing....
