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The Spanish firm is aiming to raise more than the €160m it attracted for its debut fund.
The partnership, Rhize Capital, has provided a €100m loan for two schemes in Italy.
Expectations of 2024 rate cuts are already factored into base lending rates, according to market watchers.
London-based manager to expand platform via a joint venture with Quadrant Real Estate Advisors.
The specialist lender’s 30-month loan will support the delivery of a 790-bed scheme in Nottingham, UK.
Finance will remain scarce for the next two years, while buyers and sellers disagree on values, according to the bank’s latest sentiment survey.
The partnership, which is seeded with an initial £100m, has so far financed a scheme in London’s Docklands.
City of London skyline
The London-based manager transacted its first deal in December after seeding its debut property debt platform with £100m of equity last May.
Many of you have voted, but in most categories, everything is left to play for.
Europe
Debt fund managers will need to be selective in their activities in the coming year, according to the head of LaSalle Real Estate Debt Strategies, Europe.
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