Credit Suisse

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<p>Rahul Bharara, who has been with Credit Suisse's property team for the past seven years, has been appointed Credit Suisse head of real estate. </p>
<p>Bharara will report to Credit Suisse's co-heads of investment banking Angelo Scasserra and James Disney.</p>
<p>Scasserra was the bank's head of real estate but was promoted to the co-head of investment banking role in March this year.</p>
<p>He was one of the key advisers on Vicinity Centre's $1.2 billion placement in June this year. </p>
<p>Credit Suisse said Bharara has "had a successful 15 year career in real estate investment banking".</p>
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Rahul Bharara appointed Credit Suisse's head of real estate

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<p>Credit Suisse has provided a $100 million funding facility to Lannock Strata Finance.</p>
<p>Lending to body corporates to fund strata improvements, such as repairs, renovations, renewals and defect rectification is an emerging, but highly specialised area.</p>
<p>Lannock managing director Paul Morton founded Lannock 14 years ago.</p>
<p>It <span>finances capital works for strata blocks around Australia for litigation and also re-development.</span></p>
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<div class="related-quotes section">Morton told Fairfax Media the growth potential for strata loans was significant given the age and deteriorating condition of much of Australia's apartment stock.</div>
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<p>"The capital value of these apartment buildings will diminish without investment in renovation or improvement and that's bad for owners," Mr Morton said.</p>
<p>"It is a small market segment at the moment but we are buying into the growth story," Credit Suisse managing director Will Farrant said.</p>
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<p>The corporate advisory group Aura Capital become a significant shareholder in Lannock last year.</p>
<p>NSW has some 775,000 strata lots, followed by Victoria (750,000), Queensland (410,000), WA (285,000), SA (270,000), ACT (46,000), Tasmania (34,000) and NT (18,000), figures from <span>Strata Community Australia</span><strong> </strong>show. </p>
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