BoA bets on German ‘groundscraper’ with airport CMBS
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BoA bets on German ‘groundscraper’ with airport CMBS

Squair2_Alamy_575x375_16March21

Bank of America is betting on the performance of one of Germany’s biggest office buildings known as “the Squaire” by securitizing a loan secured on the airport-adjacent property, following Blackstone's sale of the building to AGC Equity Partners. Investors appear confident in the deal’s prospects, with initial price thoughts guiding the senior tranche at 120bp on Tuesday.

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