Fiera backs Chancerygate's Spanish logistics project

Fiera Real Estate Debt Strategies, part of Fiera Capital, has provided a €14.2 mln loan to Chancerygate for their first logistics project in Spain. 

Chancerygate Fiera logistics, Spain

The L'Alter Business Park is located in Valencia and will consist of two warehouse blocks totalling 20,900 m2, with units available for lease.
The development aims for high environmental standards, including BREEAM Excellent and EPC A+ certifications, and will feature sustainable elements like EV charging and solar panels. This is the second collaboration between Fiera and Chancerygate, following a previous logistics scheme in Birmingham, UK.
Fiera is actively expanding its real estate debt investments in Southern Europe, particularly in Spain, having completed several transactions and opened an office in Madrid. Chancerygate is also growing its presence in Spain, having established a Madrid office in 2024.
Ignacio Ruiz, associate, Fiera Real Estate Debt Strategies, commented: “We are pleased to be completing our second allocation with Chancerygate, a market-leading developer of Grade A logistics assets. This transaction further demonstrates our disciplined approach to lending against high-quality, high-specification and resilient real estate in structurally undersupplied markets, alongside best-in-class sponsors with a proven track record of delivery. We look forward to further growing our loan book across the UK and Europe, where on-the-ground presence in both markets has significantly enhanced our ability to source, access and execute attractive opportunities.”
Felipe Lainez, development director – Spain, Chancerygate commented: “Securing this financing with Fiera Real Estate represents a significant milestone for our Valencia project, which will deliver the first truly high‑quality multi‑let industrial development for smaller units in the region. Valencia continues to experience robust demand from SMEs and e‑commerce operators seeking modern, flexible, energy‑efficient space—yet the supply of Grade A stock remains extremely limited. Our scheme directly addresses this gap with best‑in‑class design, sustainability credentials and unit sizes tailored to the needs of today’s occupiers.”