Northern Europe real assets manager Niam has acquired Brunswick Real Estate’s debt arm, a business which manages €2.5bn of assets.
Niam has invested an undisclosed amount to buy Brunswick Real Estate Capital and will rename it as Niam Credit, led by CEO Pontus Sundin.
Brunswick Real Estate Capital, established in 2013, provide alternative credit solutions for the commercial real estate sector in the Nordics. The company has three credit funds with a combined asset under management in excess of €2.5bn.
Jennifer Andersson, managing partner at Niam, said: “Over the years, we have gradually diversified our fund portfolio with strategies covering different property segments and risk profiles. In 2021 we launched an infrastructure platform focusing on sustainable investments in renewable energy, transport and telecom.
“Credit is a natural next step for us and complements our existing business. With the acquisition of Brunswick Real Estate Capital, we broaden our offering further and become an even more attractive partner for institutional investors.”
Sundin said: “Niam is one of Northern Europe’s largest fund managers within the real estate sector and has a strong track record and brand which gives us the right conditions to further develop our credit platform.
“Also, Niam, just like us, has a genuine focus on sustainable development in the real estate industry. Together, we can now satisfy the investors’ demand for credit funds and offer real estate players alternative and sustainable credit solutions.”
Brunswick Real Estate said the divestment of the debt business is in line with the firm’s plan to focus on its investment arm.
“The divestment is a strategic milestone which allows Brunswick to increase the focus on growing existing, and creating new, real estate companies,” the company said.
Patrik Andersson, CEO Brunswick Real Estate, said: ”Brunswick has had a strong development and growth over the last 10 years, and I am happy to see both our ventures and debt businesses moving on in new contexts – I see it as a proof that our business model of growing strong and independent companies works.
“We now focus the firm to grow our existing companies and create new exciting ventures.”
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