Aeriance Investments has appointed a new director of origination to expand its lending into the UK regions.
Chris Tessler will join the debt platform, which has been focused predominantly on providing development finance for high end residential properties in London. Aeriance is now aiming to originate a greater number in “strong residential markets across Greater London and major cities throughout the UK”.
The move comes at a time when the London residential market has begun to be seen by some as overheating.
Tessler joins Aeriance from BLG, where he was responsible for mezzanine lending on residential development. Prior to that, he was at Investec Bank, where he focused on asset origination and sourcing debt and equity for real estate and alternative asset classes.