Loans in focus: Sigma Capital receives £268m from Morgan Stanley, Aviva provides £175m for London office, British Business Bank issues loan-on-loan facility

Sigma Capital receives £268 million (€305 million) from US investment bank Morgan Stanley to recharge credit facilities; Aviva Investors provides Arora Group with £175 million facility for a central London office asset; British Business Bank issues Close Brothers Property Finance with a £350 million loan-on-loan facility; the latest additions to the Real Estate Capital Europe lending database; and more in our round-up of European loan deals from the past week.