Castlelake and Niam Credit Team Up for Nordic Real Estate Financing
Deal News | Feb 04, 2025 | Castlelake LP
Castlelake L.P., a global alternative investment manager, and Niam Credit, a Northern Europe-based credit provider, have announced a strategic partnership to deploy €1 billion in the Nordic real estate market. This initiative will focus on whole loan lending across Sweden, Norway, Finland, and Denmark. The goal is to provide alternative financing solutions to traditional bank lending, offering more flexible credit options to borrowers. This move is particularly significant as traditional banks have reduced their market presence due to increased regulatory burdens. The partnership has already celebrated its first successful transaction by securing NOK 1.9 billion for a portfolio of 30 prime properties in Oslo. Castlelake, which has operated in asset-based opportunities across Europe since 2006, brings global reach to the partnership, while Niam Credit offers local market expertise.
Sectors
- Real Estate
- Investment Management
- Financial Services
Geography
- Nordic Countries – The focus of the article is on the Nordic real estate market, including Sweden, Norway, Finland, and Denmark.
- Europe – Castlelake has been active across Europe, with notable activities in asset acquisition and financing solutions.
Industry
- Real Estate – The article revolves around real estate financing, focusing on the Nordic real estate market.
- Investment Management – The article discusses Castlelake's role as an asset-based investment manager and Niam Credit's involvement in commercial real estate debt management.
- Financial Services – The article highlights the provision of alternative financing solutions instead of traditional bank loans.
Financials
- €1 billion – The target deployment amount for financing solutions in the Nordic real estate market.
- NOK 1.9 billion – The financing amount for the inaugural deal in Oslo involving over 30 properties.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Castlelake, L.P. | Private Equity Firm | Company | A global alternative investment manager focused on asset-based investments. |
| Niam Credit | Credit Provider | Company | The largest commercial real estate debt manager in the Nordics, focusing on flexible financing solutions. |
| Pontus Sundin | CEO of Niam Credit | Person | CEO of Niam Credit, providing statements on the partnership with Castlelake. |
| Eduardo DAlessandro | Partner at Castlelake | Person | Partner at Castlelake, commenting on their strategic relationship with Niam Credit. |