Real estate advisor JLL is expanding its debt advisory service in Finland with the appointment of Lauri Mustonen as a senior associate.
Based in Helsinki, Mustonen has joined JLL after working for over six years in Danske Bank's debt capital markets unit.
JLL established the debt advisory team in Finland in 2021 as part of JLL's Europe-wide debt advisory service. Due to rising interest rates, there has been a growing demand for new financing solutions in the real estate investment market, the firm said.
In addition to traditional Nordic bank financing, more diverse financing options have also entered the market in Finland via new lenders such as international banks, insurance companies, and debt funds.
Eemeli Lehto, head of debt & financial advisory, Finland said: 'This year has been very active in terms of assignments. We have advised on several debt transactions with a total volume of approximately €600 mln in Finland.
'With Lauri's recruitment, we will be able to serve our customers even better and strengthen our position as Finland's leading provider of debt advisory services.'
Added Mustonen: 'I am highly excited to join JLL's unique debt team. My extensive experience at Danske Bank in corporate bond structuring and my additional experience in real estate transactions give me a strong foundation for debt advisory in the real estate sector, where the importance of alternative financing solutions for clients is growing strongly.'