Brunswick Real Estate includes real estate investment management and credit financing. The firm has been working under the name Brunswick Real Estate since 2017. However, the history started 25 years earlier when the advisory firm Leimdörfer was established, by then pioneering the real estate market.
In 2003, the Fund Manager Sveafastigheter was established with a business model focused on real estate investments and value-creation through active and local asset management. Between 2003 and 2010, Sveafastigheter successfully launched three real estate private equity funds; Sveafastigheter Sverige I (2003), Sveafastigheter Fund II (2006), and Sveafastigheter Fund III (2010), in total delivering a net realised IRR of 22% and an equity multiple of 1.7 to its investors.
The exceptional performance of the three funds led to a ranking as the most consistent top performing fund manager in the world within its category in the 2016 Prequin Global Real Estate Report – a shared first place among 34 companies and 184 funds. Sveafastigheter was also several times voted ‘Best Real Estate Investment Manager’ in Sweden, the Nordics and Baltics by Euromoney.
Despite Sweden consistently being one of the most liquid real estate markets in Europe, the availability of financing to borrowers has historically been volatile and dependent on the appetite of a handful of banks. In 2013, the real estate debt fund Brunswick Real Estate Capital was started, focused on secured financing of commercial real estate in the Nordics. Once again pioneers on the market; Brunswick Real Estate Capital was the first fund of its kind in the Nordics. By the end of 2016, Brunswick Real Estate Capital held the first closing of its second senior debt fund with investors such as Norway’s largest life insurer Kommunal Landspensjonskasse (KLP), Swedish PRI Pensionsgaranti and Folksam. Brunswick Real Estate Capital II is an unleveraged debt fund providing financing for real estate in Sweden, mainly in the size of SEK 200 to 600 million per loan with maturities of up to ten years.