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Nordic real estate debt still hot, despite Preqin report of broader slump

Money is still flowing into real estate debt funds, however, investor interest in debt funds more generally has collapsed, according to the latest numbers from Preqin. But in the Nordics, experience at Brunswick Real Estate in Stockholm is telling a different story.

Louise Richnau, CEO and partner at Brunswick Real Estate believes the Nordic investor market still has a large interest in private real estate debt | Photo: Brunswick Real Estate

The latest global real estate debt fund numbers from data provider Preqin show a decline in investor interest into real estate debt funds. In June 2017, more than a quarter (26 percent) of investors were targeting the strategy over the next 12 months: a year later in June 2018, just six percent of investors were planning to invest in the asset type over the coming year, according to Preqin.

This year, Stockholm-based Brunswick Real Estate in June held the final close of its second senior debt fund, raising SEK 6.6 billion (EUR 640 million) of capital, making it the region's largest real estate debt fund.  In comparison, the first fund, which closed in March 2015, reached EUR 180 million.

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