Sweden’s Brunswick Real Estate has launched a third debt fund with commitments of SEK12bn (£1bn) to target sustainable properties.
Brunswick Real Estate Capital III has already secured commitments from big Nordic institutional investors including insurer Folksam and pension fund KLP. A formal first close of the fund is expected during the autumn.
The company launched its first fund focused on sustainability linked real estate debt in 2013. Its second fund has offered certified green loans, and Brunswick said the third fund will have an even greater focus on sustainable property investments.
“We are committed to ensuring our investors contribute to a measurably positive change,” said Pontus Sundin, Brunswick Real Estate’s chief executive. “In addition to green issues such as reduced carbon dioxide emissions and smarter energy consumption, we also want to ensure that our investments lead to an improvement in aspects of social sustainability.”
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