Europe looks set to reopen its CMBS new-issue market as Deutsche Bank preps a new £360 million ($580 million) deal for Blackstone Group, according to a Reuters report.

The bonds will be backed by a loan used by Blackstone to buy the Chiswick Park office complex. The loan to Blackstone  — at a 75% LTV  — is expected to be finalized by end of March, and sold in the 2Q11, Reuters reported.

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