Loan specialist Peter Denton is leaving Starwood European Real Estate Finance at the end of December.
Denton was a member of the investment committee that recommended European loan investments at Starwood. After three-and-a-half years with the private equity firm's real estate finance business, he is joining a property related not-for-profit organisation in the New Year as chief financial officer, according to a statement issued on Tuesday by Starwood European Real Estate Finance.
Duncan MacPherson, a fellow investment committee member, will assume all of Denton's investment adviser responsibilities, whilst retaining existing and primary responsibility for loan origination.
Starwood Capital hired Denton from BNP Paribas Real Estate in April 2012 as head of debt Europe, ahead of the launch of the firm's £1 bn European real estate debt fund.
Chairman Steve Smith wished Denton well in his new role. 'Alternative real estate lending is now an established and permanent part of the market with strong short to long term prospects. The board believes that with the highly rated and successful team at Starwood Capital, the prospects for the company are extremely bright,' Smith said.
According to his company biography, Denton has helped originate $1.6 bn (€1.5 bn) of debt and $500 mln of equity investments, as well as raised over $500 mln of equity for the firm's debt strategies since joining Starwood in 2012.
Prior to Starwood, Denton was head of real estate banking in the UK at BNP Paribas. Before that, he spent three years at Westimmo, where he served as the head of the London Branch, EMEA. He previously served as a managing director of EMEA Real Estate at Barclays Capital and spent nine years on the European real estate debt capital markets team at Deutsche Bank/Eurohypo.
