Northern European group Brunswick Real Estate has announced the recruitment of Helaba's Stockholm office head Pontus Sundin to strengthen its debt business.
Sundin, who will be joining Brunswick Real Estate in September, has over 10 years of experience in the Nordics finance and property industry. Before joinining Helaba in 2016, he was head of commercial real estate at Nordea DCM, transaction leader at GE Capital Real Estate and portfolio manager at Hypo Real Estate.
'Pontus is a dream recruitment for us and we warmly welcome him to the team,' commented Louise Richnau, partner at Brunswick Real Estate. 'He has done an excellent job at Helaba and I know he will contribute greatly to Brunswick through his experience and network.'
Peter Leimdörfer, partner at Brunswick Real Estate, added: 'We see a continued strong demand from borrowers as well as investors. We will continue to invest and grow our debt business and Pontus will play a central role in that work.'
The hire follows the final close of Brunswick's second senior debt fund in the Nordics, which in June raised total equity commitments of over SEK 6.6 bn (€640 mln) from some of the region’s largest institutions.
Brunswick Real Estate Capital, the credit arm of Brunswick Real Estate, said at the time that the vehicle is 'by far the largest Nordic fund focused on real estate senior debt'.
Investors include existing clients such as Norway’s largest life insurer Kommunal Landspensjonskasse (KLP), Swedish insurance and pension savings company Folksam Group and Swedish PRI Pensionsgaranti.
Brunswick Real Estate Capital launched the first fund focused solely on Nordic real estate debt in 2013.