Blackstone Close to Biggest European Office Financing Since 2022

Blackstone Inc is close to securing a €530 million ($615 million) loan arranged by Societe Generale SA to finance a Paris acquisition, another sign that bank lenders are willing to finance major office deals.

The facility will be secured against the Trocadéro building in central Paris and the transaction is expected to close in November, people with knowledge of the negotiations said. The all in cost of the loan is about 4%, including a margin of less than 2%, the people said, asking not to be identified as the terms are private.