Cheyne Capital has expanded its real estate funding in France by providing a €155m loan to LOV Group’s luxury hotel arm.

Raphael Smadja, head of France real estate origination at Cheyne Capital, said: “This transaction marks our fourth real estate funding in France in nine months and the first loan provided by our new Fonds de Placement Spécialisé Cheyne French Funding.

“It demonstrates our capability to work with leading French players such as LOV Hotel Collection (LHC) and help them grow.”

The London-based alternative investment manager said the loan will allow LHC to further develop its hotel operations and new luxury brand Airelles Collection.