Brunswick Real Estate has supported the acquisition of two retail properties in Stockholm with a loan from its debt financing arm Leimdörfer Real Estate Capital (LREC).
Brunswick Real Estate has supported the acquisition of two retail properties in Stockholm with a loan from its debt financing arm Leimdörfer Real Estate Capital (LREC).
European investor Revcap and its local partner acquired the Orminge Centrum and Rotebro Handel in the Stockholm region from listed company Atrium Ljungberg using senior secured financing from LREC.
'We established the first real estate debt fund in the Nordics because we knew there was significant appetite among investors for an alternative to traditional bank lending,' commented Louise Richnau, Chief Executive Officer at LREC Advisory.
Debt fund Leimdörfer Real Estate Capital I offers senior loans with terms of up to eight years. Earlier this year the vehicle provided a loan to a company managed by Pareto Securities for the acquisition and extension of a logistics facility in Örebro.
Revcap, which has offices in Stockholm, London, Paris and Frankfurt, targets small and medium sized real estate co-investment opportunities and has more than 250 individual investments across Europe. The company has an exposure to £4.7 bn of European real estate assets.
Stefan Lanefelt, from Revcap, said: 'We appreciate the support provided by LREC, which was able to provide a flexible financing solution well-suited to our needs.'
