Tunstall appoints debt strategies head

Tunstall Real Estate Asset Management has hired David White as head of debt strategies. White joins Tunstall, a subsidiary of M7 Real Estate, from CR Management where he was managing director responsible for its UK debt business. Prior to this he held senior positions in the corporate real estate teams at Nationwide and Lloyds Bank. During his 25-plus years in the real estate industry, White has been involved in the structuring of more than £9bn of real estate loans. The appointment follows the success of Tunstall’s first European debt fund, DPO Fund 1, launched in July 2017, which has led to the decision to focus Tunstall on the growth of its real estate lending business. In his new role, White will be responsible for developing the Tunstall lending business and increasing the loan book. With around £150m of capital to invest, Tunstall will target whole loans of up to 80% LTV secured against income-producing UK regional assets. Tunstall has recently closed two loans totalling £12m secured against two office and one retail property with a value in excess of £16m. Hugh Fraser, M7’s global head of capital markets, said: “David joins us at an exciting moment for Tunstall’s growth as we focus on building its position as an alternative pan-European lending platform targeting primarily regional assets.”   To send feedback, e-mail anna.ward@egi.co.uk or tweet @annaroxelana or @estatesgazette