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Daniel Cunningham

Daniel Cunningham is the editor of Real Estate Capital, contributing to and coordinating coverage of European real estate finance markets for the title's print and digital channels. Before joining PEI Media in 2015, he reported on commercial property for Debtwire and Estates Gazette.
Philippe Deloffre has joined from the French from ACOFI Loan Management to lead the operation, which is expected to start fundraising later this year.
The real estate lender is providing 75% of the total loan with the Qatar Investment Authority financing the remainder of a development in Canary Wharf.
The real estate fund underwrote £176m of debt last year through its listed vehicle - the firm's highest total since 2013.
Joint fund managed by AEW and Natixis underwrites €35m loan to Ambassadeurs which leases out properties to leading French fashion brands such as Dior, Prada and Chanel.
The £29 million loan is used to support both firm's joint acquisition of a central London property.
The firms are aiming to complete a first close next month and obtain 10 percent net returns over a six-year period. The fund will invest in both performing and non-performing loans secured on commercial and residential real estate.
The portfolio has a gross book value of €177m and is secured against Italian property and corporate loans.
The real estate debt fund has provided the funds for the development of apartments in Canary Wharf by LBS Properties.
The firm acquired the portfolio management subsidiary Erste Abwicklungsanstalt, which was established in 2009 to manage the assets of the now defunct bank WestLB.
Under the new strategy, the firm is aiming to complete LTVs up to 85% as it modifies its SSUP strategy which has seen lower returns in the UK senior property debt market. The firm is also planning to issue 40m new shares over the next 12 months.

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