Brunswick hires former SEB banker

The debt arm of Brunswick Real Estate, LREC, has appointed Göran Cöster to its investment board to advise on deals in the Nordics.

Leimdörfer Real Estate Capital, the debt arm of Stockholm-based Brunswick Real Estate, has appointed Göran Cöster to its board.

Cöster, who recently retired from SEB, spent 40 years at the Nordic bank and had led its real estate finance team since 1997.

He will work in an advisory capacity to strengthen LREC’s offering of senior debt financing as an alternative to bank lending.

Louise Richnau, chief executive officer at LREC Advisory, said: “We warmly welcome Göran to the board of LREC. His exceptional track record within real estate finance and his outstanding qualities and network means he is undoubtedly a strong addition to the team.”

LREC manages the first real estate senior debt fund in the region, Leimdörfer Real Estate Capital I, which attracted investment from local institutional investors. The fund offers senior loans with terms of up to eight years in the range of SKr100 million-SKr 400 million (€10.7 million to €42.9 million).

This summer, it provided a loan enabling Pareto Securities to acquire and extend the main logistics facility of XXL.

Brunswick opened an office in London last week, hiring former Goldman Sachs partner Martin Wiwen-Nilsson to head the expansion, as reported.