4 September 2020
KPA Pension invests SEK 4.9 billion in the real estate credit fund Brunswick Real Estate Capital III (BREC III). It is KPA Pension’s single largest investment ever. The fund will focus on commercial properties with clear sustainability goals.
Through a strong institutional capital base, with investors such as KPA Pension and KLP, the fund can offer real estate loans with maturities of up to ten years. A formal first closure of the fund is expected in the autumn. KPA Pension thus diversifies its asset portfolio by increasing its exposure to loans with sustainable real estate investments as the underlying asset.
Brunswick Real Estate has secured investor commitments of SEK 12 billion.
The investment is a good example of KPA Pension’s long-term asset management with the goal of giving our customers good pensions and at the same time contributing to a green transformation of society. It complements our other investments, which contributes to secure pensions, says Britta Burreau, CEO of KPA Pension.
The investment is part of our ambition to give our customers as good a risk-adjusted return as possible. BREC III is a well-established fund that provides secured loans for property financing. They also have good ambitions in their sustainability work and work continuously to raise the level. For example, a framework for green loans has been developed, says Michael Kjeller, Head of Asset Management and Sustainability.
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