The divestment is in line with Brunswick’s strategy to focus on the investment arm, which currently embraces seven real estate companies across the Nordics for a total of €3 bn of AUM.

Brunswick Real Estate Capital I was established in 2013 as the first Nordic credit fund for senior secured financing of commercial real estate. Today, Brunswick Real Estate Capital has three credit funds with a combined asset under management in excess of €2.5 bn.  

Patrik Andersson, CEO Brunswick Real Estate said: ‘Brunswick has had a strong development and growth over the last 10 years, and I am happy to see both our ventures and debt businesses moving on in new contexts – I see it as a proof that our business model of growing strong and independent companies works. We now focus the firm to grow our existing companies and create new exciting ventures.’

With Niam as a new owner, the debt funds will have the opportunity to develop as a complementary business unit to Niam’s well-established property and infrastructure funds. The firm will take the new name Niam Credit.  

Pontus Sundin, CEO Niam Credit (former Brunswick Real Estate Capital) added: ‘I am very proud what the team developed under the wings of Brunswick over the past years. We have developed the firm from being pioneers in the real estate market to have a well-established operation with esteemed investors. With our new ownership structure, I look forward to developing the firm together with existing and new investors.’