European Prime Real Estate No. 1 plc is the first co-pooled transaction undertaken by Morgan Stanley and Hypo Real Estate Bank International.

Main features of the transaction

Initial Principal Balance

GBP 347,758,000.00

Closing Date

August 02, 2005

Instruments employed

GBP 347,758,000 Commercial Mortgage Backed Floating Rate Notes (Notes; 4 Classes)

Co-Arranger, Originator

Hypo Real Estate Bank International AG
and Morgan Stanley Bank International Limited

Servicer, Special Servicer, Loan Security Trustee

Hypo Real Estate Bank International AG
and Morgan Stanley Bank Servicing Limited
(depending on the origination of the loans)

Master Servicer, Master Special Servicer

Morgan Stanley Bank Servicing Limited

Loan Pool

8 UK Commercial mortgage loans (1 originated by Hypo Real Estate Bank International AG)

Loan Pool Quality

  • 18 commercial properties located in England and Scotland
  • Largest loan constitutes 41% of the pool balance
  • Secured by first ranking mortgages and first-ranking standard security (in the case of Scotland) respectively, where appropriate charges over shares in borrowing vehicles, charges over borrower’s bank accounts

Liquidity Facility

GBP 18.5 m which will be reduced in accordance with the portfolio balance

Ratings Class

A, B, C, D Notes by Fitch and Standard & Poor’s

Listing Class

A, B, C, D Notes at the Irish Stock Exchange

For more information, please visit the websites of the issuing Rating Agencies:
Fitch Ratings
Standard and Poors

 

Downloads

Disclaimer

The Bank intends to publish information of other sources in a timely, correct way. Nevertheless, The Bank can take no responsibility for the correctness or the timeliness of the documents that can be downloaded from these pages.

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