Peter Denton to leave Starwood European Real Estate

(ShareCast News) - Starwood European Real Estate Finance announced on Tuesday that its investment adviser, Starwood Capital Europe Advisers, has confirmed that Peter Denton will be leaving the firm at the end of December to join a property related not-for-profit organisation in the New Year as chief financial officer.The London-listed firm said Denton was a member of the investment committee that is responsible for the recommendation of loan investments to the investment manager for investment by the company.It said Duncan MacPherson, a fellow committee member, will assume all of Denton's investment adviser responsibilities whilst retaining existing and primary responsibility for loan origination."We wish Peter well in his new role," said chairman Steve Smith."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."