Home Authors Posts by Daniel Cunningham

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.
LaSalle Investment Management has raised almost £600 million across two funds for its European real estate debt platform, headed by Amy Aznar
Dragonfly founder launches new bridging venture Daniel Cunningham The founder of niche UK real estate lender Dragonfly Property Finance, Jonathan Samuels, has launched a property bridging finance provider with the backing of private equity firm Pamplona Capital Management, PDI sister public
The real estate lender has fully realised the fund, which raised £242m.
It is the firm's sixth real estate debt fund which attracted 80% of its commitments following the UK's vote to leave the European Union.
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.
pdi
pdi

Copyright PEI Media

Not for publication, email or dissemination