Lending

Otera Capital, a subsidiary of Caisse de dépôt et placement du Québec, has provided the logistics loan in partnership with the bank. 

Christophe Murciani left Luxembourg-based Sienna Investment Managers in October.

The logistics owner has made £94.3m of disposals in the past year as it aims to reduce the variable rate element of its debt.

Speaking at CREFC Europe’s London event, real estate debt specialists outlined the continued impact of higher rates on loan deals.

The financing will fund part of a £250m regeneration scheme.

The manager has provided the loan to a JV between US firm Hines and family business the Peterson Group.

The lender, which is financing two developments in Milan, sees strong demand for build-to-sell housing in the country.

The Naarden-based real estate debt fund manager is aiming to raise up to €400m for a debut pan-European debt fund dedicated to issuing construction loans on assets that have a social impact.

Debt and equity specialists at the consultancy expect lender-led sales to be a catalyst for the market.

The Swedish property company, which is reducing its bond debt, says bank financing is available for residential portfolios.