Simpson Thacher Represents BREDS in £2 Billion Partnership with Pluto Finance
Simpson Thacher represented Blackstone Real Estate Debt Strategies in connection with a newly formed partnership with Pluto Finance to provide financing solutions to real estate owners and developers across the UK and continental Europe. The partnership will focus on both development and investment loans and will target a variety of asset classes, including logistics, rental and for-sale housing, purpose-built student accommodation and co-living, ranging between £25 million and £100 million in size with an initial target deployment of £2 billion over the next two years.
The Simpson Thacher team included Samuel H. Charlton, Seema Walji and Ernest M. Ip (Real Estate M&A).