Brunswick Real Estate’s second debt fund has backed Swedish property group Fabege with a SEK1.6bn (€160m) green loan.
The SEK10bn Brunswick debt fund’s loan is secured against an office property Apotekaren 22 in Stockholm. The asset has been owned by Fabege since 2007.
Aksel Lundquist, the fund manager at Brunswick Real Estate, said: “Environmental aspects are becoming increasingly important and it is a key focus for the investment management business within Brunswick as well as for our investors.
“We are thrilled to provide the fund’s first green loan to Fabege - a leader within the field.”
Brunswick Real Estate held the final close of its second real estate debt fund in the Nordics in June 2018. The latest deal is the fund’s 10th investment since inception.
Åsa Lind, the head of treasury at Fabege, said: “With this financing we have established a relationship with an additional lender outside of the traditional financing market, which is a natural step in diversifying the company’s capital providers.
“The green aspects and the long duration of the loan were key characteristics when deciding to do this loan.”