Tunstall Real Estate Asset Management, the pan-European alternative investment management firm, has expanded its senior management team with the appointment of David White as head of debt strategies.
White joins Tunstall from CR Management where he held the position of managing director, responsible for its UK debt business. Tunstall is a subsidiary of the M7 Group.
Prior to this, he held senior positions in the corporate real estate teams at Nationwide and Lloyds Bank.
'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,' said Hugh Fraser, M7's global head of capital markets.
'David's experience and track record in leading origination across a wide range of clients mean that he is very well positioned to help Tunstall achieve this and we very much look forward to working with him.'
The appointment follows the success of Tunstall’s first European debt fund, DPO Fund 1, launched in July 2017, which has led to the firm's decision to focus 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.
Tunstall said it had a strong pipeline of loans in due diligence and, with around £150 mln (€171 mln) of capital to invest, will target whole loans up to 80% LTV secured against income producing UK regional real estate.
Tunstall has recently closed two loans totalling £12 mln secured against two office and one retail property with a value in excess of £16 mln.
