Catella Corporate Finance has added Gustav Correll Bjørn to its capital markets team in Denmark with the aim of providing capital and liquidity to the Nordic hospitality sector addressing current recapitalization needs.
As such, Correll will seek to introduce fresh capital solutions and advisory services to the sector, providing debt advisory and M&A services to the hospitality sector and the growth in hospitality-related operational real estate, such as community driven student housing, serviced apartments, shared living as well as retirement- and care housing.
Correll’s profile is a rare hybrid of deep financial market knowledge and technical expertise, combined with a classic hospitality background. He started his career 17 years ago as an associate with the global hospitality financial consulting firm HVS International in New York. Expanding his reach, he became a lender to the sector, first with CWCapital in Boston, a national CMBS lender, and later with Aareal Bank in Wiesbaden, a global real estate focused balance sheet lender. Moving to the capital markets in 2014, he headed Jones Lang LaSalle’s London-based Hotel Investment Banking EMEA platform, focusing on debt capital markets, before setting up his own hospitality capital advisory business in his native Copenhagen.
‘Providing specialized advisory services and being the link between property and finance constitutes the very DNA of Catella, and in a time when the demand for customized advisory and capital solutions has increased dramatically for the hospitality sector, we have identified an immediate need for friendly capital solutions. At the same time, we have been determined to further expand and widen our operational real estate sector-related activities within capital markets,’ said Jesper Bo Hansen, head of corporate finance Nordics at Catella. ‘We see a strong growth within real estate investments adding new operational concepts ie community driven student- and senior housing, serviced apartments, shared living, care homes etc. The recruitment of Gustav is not only evidence of our desire to continually serve our clients better and grow our business, it is also a statement of our ambition to strengthen our position as an independent Pan-Nordic Real Estate Investment Bank with activities in real estate M&A, Debt Advisory and Investment Management. We are pleased that Gustav has decided to continue his career at Catella.’
