GE Capital Real Estate has named Ellen Brunsberg as president and CEO of its European business. She replaces Lennart Sten, who is retiring.
GE Capital Real Estate has named Ellen Brunsberg as president and CEO of its European business. She replaces Lennart Sten, who is retiring.
Brunsberg's appointment is effective immediately.
She joined GE in 2012 after 17 years with Morgan Stanley in New York and London. Her first roles with GE were as capital markets leader for the EMEA and real estate units before becoming managing director of the UK real estate business 12 months ago. She will continue in that position.
GE Capital Real Estate said that since joining the property arm, Brunsberg had contributed to accelerating the growth of GE’s real estate debt business in the UK - including the recent $1.8 bn (€2.2 bn) Deutsche Postbank portfolio acquisition - while managing the legacy UK debt and equity portfolios.
GE Capital Real Estate has global assets of $40 bn. In Europe, GE Capital Real Estate is a structured finance lender with in excess of $6 bn of loans held and manages a $6 bn equity portfolio with 600 properties at 80% occupancy. Its European equity business remains active in UK, France, Germany, Italy and Spain.
Operating its debt business in the UK, France and Germany, GE Capital Real Estate is experienced in providing senior debt financing for the acquisition or refinance of stabilized and/or transitional Class A & B properties whether single assets or portfolios as well as a range of debt-on debt financing.