Brunswick Real Estate Capital sums up a strong 2020 and expands its team through senior recruitments
News, Press releases
2020-12-16
Brunswick Real Estate Capital (“Brunswick”) is able to look back on a strong 2020 with a doubling of assets under management and SEK 5 billion in lending to reputable property companies. Brunswick is going for further growth in the years ahead and has strengthened its team with various senior recruitments.
Back in 2013 Brunswick established the first fund in the Nordic area focused on commercial real estate senior debt. In 2020 Brunswick’s third real estate debt fund was launched and attracted some of the Nordic region’s largest institutional investors, including Folksam and KLP. This doubled the assets under management in the funds to a total of SEK 22 billion. The latest two funds have a clear focus on sustainable property investments and can offer third party-certified green loans.
Total lending during the year amounted to a record SEK 5 billion of which 1/3 of Fund II is certified Green loans. Borrowers include some of the largest real estate companies in the market, such as Castellum and Balder.
Pontus Sundin, CEO Brunswick Real Estate Capital:
“We’ve taken the lead in property-related private debt in the Nordics and it’s great to be able to report that our business model is becoming an increasingly important alternative to traditional bank loans. Long secured loans and clear sustainability goals are an attractive combination for both borrowers and investors.”
In addition, Liselotte Hjorth is to become Chairman of the Board for the debt business. Liselotte has extensive experience of banking, finance and real estate from various positions with SEB in Sweden and Germany.
Brunswick is also boosting its team on the investment side with Petra Fagrell and Christian Fredefors. Petra joins the company from BNP Paribas in London, while Christian moves from SBAB.
Pontus Sundin continues:
“The fact that our investors have placed their confidence in us once again and we are attracting senior individuals in the industry to key positions in the business sends a clear message of strength. The team is equipped for growth and is backed by an extremely experienced board and investment committee.”
Further information:
Pontus Sundin, CEO
t. +46 73 089 97 12
e: pontus.sundin@brunswickrealestate.com
About Brunswick Real Estate’s senior debt property funds
Brunswick Real Estate Advisory AB (“Brunswick Real Estate Capital”)is an investment adviser to Brunswick Real Estate Capital, FCP-SIF (the “Fund” or “Brunswick Real Estate Capital III”), an unincorporated co-proprietorship of investments organized in the form of a mutual fund with multiple compartments/Sub-funds governed by the laws of the Grand Duchy of Luxembourg which has obtained the authorisation of the Luxembourg Supervisory Commission of the Financial Sector. Crestbridge Management Company S.A. is appointed as an external alternative investment fund manager to the Fund.
About Brunswick Real Estate
Brunswick Real Estate is one of the leading investors in the Nordic real estate market, with an offering including investment management through real estate investment and debt financing. The group has repeatedly been awarded best in class within its areas by Preqin and Euromoney. The team comprises about 60 people in Stockholm, Helsinki and Copenhagen. www.brunswickrealestate.com.