The real estate investment trust (REIT) industry in the Nordics is vibrant and dynamic, featuring a mix of established firms and emerging players. These companies manage, own, or finance income-producing real estate across various sectors, such as residential, commercial, and industrial properties. As sustainable investment gains traction, many REITs are prioritizing environmentally responsible practices, reshaping their portfolios to include green buildings. The industry has grown significantly, attracting more institutional investors. With a keen interest in innovative solutions and technology, the Nordics are set to see continued advancements in this sector as it evolves with market dynamics.


In 2024, a range of investors engaged in the Nordic real estate investment trust scene, highlighting the activity and interest in this market. This selection comprises private equity firms, corporate investors, and venture capitalists, each with distinct strategies and operational scopes. Headquartered in major cities such as Stockholm, Oslo, and Helsinki, these firms vary in size from compact teams to large organizations with substantial portfolios. Founded as early as 1767, their investment counts reflect robust deals in the past year, with significant emphasis on both traditional real estate and technology-driven innovations.


Top 15 Real Estate Investment Trust Investors in the Nordics


1. EQT Group

  • Website: eqtgroup.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 1001-5000
  • Number of deals in 2024: 30
  • LinkedIn: eqt-partners

EQT Group is a prominent investment firm based in Stockholm, Sweden, founded in 1994. The firm specializes in private equity, infrastructure, real estate, growth equity, and venture capital, catering primarily to institutional investors. EQT Group has a diverse investment portfolio, managing assets across multiple sectors and geographies. Notably, they have been involved in several significant transactions relevant to the real estate sector, including the acquisition of PropertyGuru Group for approximately USD 1.1 billion, which highlights their engagement in real estate technology. Additionally, their acquisition of Radius Global Infrastructure further emphasizes their interest in infrastructure that supports real estate operations. These transactions illustrate EQT Group's active role in the real estate investment landscape, making them a relevant player in the industry.


2. Altor Equity Partners

  • Website: altor.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2003
  • Headcount: 51-200
  • Number of deals in 2024: 6
  • LinkedIn: altor

Altor Equity Partners is a private equity investment management firm based in Stockholm, Sweden, founded in 2003. The firm specializes in enhancing operational efficiency and sustainable growth for its partners through tailored investment strategies and digital transformation solutions. Notably, Altor Fund IV acquired Realia Group Oy in 2016, marking a significant investment in the real estate sector as Realia is the largest service provider in real estate management and brokerage services in the Nordic countries. This acquisition highlights Altor's capability and interest in real estate investments, complementing their broader investment strategy that spans various sectors, including technology and consumer products. Additionally, Altor has been involved in other transactions, such as acquiring stakes in financial institutions, which further demonstrates their diverse investment portfolio.


3. Schibsted

  • Website: schibsted.com
  • Type: Corporate
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1839
  • Headcount: 5001-10000
  • Number of deals in 2024: 3
  • LinkedIn: schibsted-asa

Schibsted Media Group, founded in 1839 and based in Oslo, Norway, is a corporate investor primarily known for its operations in the digital marketplace sector. The company has transitioned from traditional publishing to focus on empowering users through digital services, particularly in classified ads and second-hand goods. In recent years, Schibsted has made significant strides in the real estate sector, highlighted by its acquisition of HomeQ Technologies AB in February 2024, which aims to enhance its real estate marketplace by leveraging HomeQ's growth potential in the rental apartment market. Additionally, Schibsted Spain's acquisition of Habitaclia.com in January 2017 further solidified its leadership in the Spanish real estate sector. The company also acquired Oikotie, an online classifieds business in Finland, in July 2020, which strengthens its presence in the Finnish online marketplace, including real estate. These strategic acquisitions reflect Schibsted's commitment to expanding its footprint in the real estate industry, making it a relevant player in the real estate investment trust space.


4. Storebrand

  • Website: storebrand.no
  • Type: Corporate
  • Headquarters: Lysaker, Akershus, Norway
  • Founded year: 1767
  • Headcount: 1001-5000
  • Number of deals in 2024: 2
  • LinkedIn: storebrand

Storebrand is a financial services company based in Lysaker, Akershus, Norway, founded in 1767. It offers a wide range of products, including pension plans, insurance, banking services, and investment solutions, catering to both individual consumers and businesses. Recently, Storebrand has made significant strides in the real estate sector, highlighted by its acquisition of Capital Investment, a Danish real estate asset manager, for DKK 500 million in August 2021. This acquisition aims to bolster Storebrand's growth strategy in Nordic alternative assets and strengthen its position in the real estate market. Additionally, in June 2024, Storebrand acquired an additional 50% stake in AIP Management for $31 million, further solidifying its commitment to real estate investment. These transactions reflect Storebrand's strategic focus on expanding its real estate investment capabilities, making it a relevant player in the real estate investment trust industry.


5. Intrum

  • Website: intrum.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1923
  • Headcount: 10001+
  • Number of deals in 2024: 2
  • LinkedIn: intrum

Intrum is a corporate investor based in Stockholm, Sweden, founded in 1923. It specializes in credit management services, providing solutions for debt collection, credit optimization, and financial education to both businesses and consumers across Europe. In recent years, Intrum has expanded its portfolio through strategic acquisitions in the real estate sector. Notably, in May 2023, Intrum acquired Haya Real Estate, a Spanish asset management platform, for 140 million euros, aiming to enhance its market presence in Spain. Additionally, in December 2018, Intrum acquired Solvia for approximately $273 million, further solidifying its commitment to real estate management. These transactions reflect Intrum's strategy to diversify its operations and invest in real estate, which is a key aspect of real estate investment trusts.


6. Handelsbanken i Sverige


Svenska Handelsbanken AB, founded in 1871 and based in Stockholm, Sweden, is a prominent corporate bank that offers a comprehensive suite of financial services, including loans, savings accounts, investment funds, and financial advice. The bank emphasizes personal service and strong customer relationships, catering to both individual consumers and businesses. In recent years, Handelsbanken has been actively involved in the real estate sector, participating in notable transactions such as the post-IPO equity raises for Swedish Logistic Property, which raised approximately $53 million in November 2023, and Stendorren Fastigheter, which raised around $48 million in October 2024. These transactions highlight Handelsbanken's role in supporting real estate investment trusts and related entities, further solidifying its position as a relevant player in the real estate investment landscape.


7. Taaleri


Taaleri is an investment management firm based in Helsinki, Finland, founded in 2007. The firm specializes in various sectors, including bioindustry, renewable energy, and real estate. Taaleri manages private equity funds and emphasizes sustainable investments that yield attractive returns while addressing environmental challenges. Their clientele consists of institutional and private investors looking to engage in impactful projects. Notably, Taaleri has made significant investments in real estate, including a substantial funding of KES 5 billion to Cytonn Investments, aimed at supporting the development of real estate projects such as The Ridge, a mixed-use development in Nairobi. This transaction highlights Taaleri's active participation in the real estate market and their commitment to financing impactful real estate developments.


8. Samhällsbyggnadsbolaget i Norden AB


Samhällsbyggnadsbolaget i Norden AB (SBB) is a corporate investor based in Stockholm, Sweden, founded in 2016. The company specializes in the management and development of residential and community properties, focusing on providing social infrastructure. SBB partners with municipalities and government agencies to ensure sustainable housing and community services. Their business model emphasizes long-term property management and development, catering primarily to the needs of public sector clients. Notably, SBB has made significant investments in the real estate sector, including the acquisition of approximately 46.27% of shares in Amasten Fastighets AB for SEK 4,813.89 million, 54.3% of shares in Offentliga Hus i Norden AB for SEK 2,139.34 million, and 70% of shares in Unobo for SEK 2,064 million. These transactions highlight SBB's active involvement in the real estate market, reinforcing their position as a key player in the industry.


9. Länsförsäkringar Göteborg och Bohuslän


Länsförsäkringar Göteborg och Bohuslän is a corporate investor based in Gothenburg, Västra Götaland, Sweden, founded in 1845. As an insurance and banking company, it offers a variety of financial products, including car and home insurance, as well as savings plans for children. In recent years, Länsförsäkringar has shown a significant interest in the real estate sector, particularly through its investments in real estate investment trusts (REITs). In 2023 and 2024, they participated in multiple post-IPO equity transactions, notably raising $53,098,890 for Swedish Logistic Property in November 2023 and $107,050,345 in September 2024. Additionally, they invested $47,652,501 in Stendorren Fastigheter in October 2024. These transactions highlight their active role in the real estate investment landscape, making them a relevant player in the REIT industry.


10. CapMan

  • Website: capman.com
  • Type: Private Equity
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 1989
  • Headcount: 51-200
  • Number of deals in 2024: 4
  • LinkedIn: capman

CapMan Oyj is an investment management firm based in Helsinki, Finland, specializing in private equity, real estate, infrastructure, and natural capital investments. Founded in 1989, CapMan serves institutional investors by providing access to a variety of investment strategies aimed at achieving sustainable returns. In 2025, CapMan Hotels II, a fund managed by the firm, acquired Midstar Fastigheter AB, a Nordic hotel real estate portfolio consisting of 28 assets for EUR 0.4 billion, significantly enhancing its position in the Nordic hotel investment market. This acquisition is part of CapMan's broader strategy to increase its assets under management to EUR 10 billion. Additionally, while CapMan has diversified interests, its active engagement in real estate transactions, particularly in the hotel sector, underscores its commitment to this market.


11. Seb

  • Website: sebgroup.com
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1856
  • Headcount: 10001+
  • Number of deals in 2024: 13
  • LinkedIn: seb

Seb, or Skandinaviska Enskilda Banken AB (SEB), is a prominent banking group based in Stockholm, Sweden, founded in 1856. It provides a comprehensive range of financial services, including corporate and investment banking, asset management, and private wealth management. SEB serves a diverse clientele, including large corporations and institutional clients. In recent years, SEB has been involved in significant transactions within the real estate sector, notably with Swedish Logistic Property, which raised over $107 million in post-IPO equity in September 2024 and $53 million in November 2023. These transactions highlight SEB's active role in the real estate investment trust landscape, showcasing their commitment to supporting real estate ventures and their financial growth.


12. Polaris Private Equity


Polaris Private Equity is a private equity firm based in Copenhagen, Denmark, founded in 1998. The firm specializes in investment management, focusing on supporting mid-sized companies in the Nordic region through tailored investment strategies that include private equity, flexible capital, and public equity. Polaris partners with management teams to drive growth and operational improvements, helping these companies realize their full potential. Notably, Polaris has been involved in several transactions relevant to the real estate sector, including the acquisition of Esoft Systems A/S in June 2022, a company that specializes in digital marketing for the real estate industry. This acquisition highlights Polaris's strategic interest in the real estate market. Additionally, their past acquisitions, such as Dansommer and Fiskarhedenvillan Group, further demonstrate their engagement in sectors that may intersect with real estate, although these companies are not directly classified as real estate investment trusts.


13. Nordea

  • Website: nordea.com
  • Type: Corporate
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 1820
  • Headcount: 10001+
  • Number of deals in 2024: 6
  • LinkedIn: nordea

Nordea Bank Abp is a prominent financial services company based in Helsinki, Finland, founded in 1820. It offers a comprehensive range of banking and investment management services to individual and corporate clients across the Nordic region. In 2024, Nordea was involved in several significant transactions, including a notable debt financing deal with Swedish Logistic Property, which raised approximately $275.6 million. This transaction highlights Nordea's active participation in the real estate sector, particularly in supporting real estate investment trusts through debt instruments. Additionally, Nordea has a history of engaging in other financial activities, such as their involvement with NCC, which also involved post-IPO debt financing. These activities underscore Nordea's capability and interest in the real estate investment trust industry, making them a relevant player in this space.


14. M2 Asset Management AB


M2 Asset Management AB, founded in 1998 and based in Stockholm, Sweden, is a corporate investor specializing in real estate management. The company focuses on property management, acquisition, and development, aiming to create long-term growth and enhance value through strategic investments in real estate. M2 Asset Management AB has been involved in notable transactions, including a post-IPO equity raise for Logistea, where they raised approximately $741,698 on October 31, 2024. This transaction highlights their active role in the real estate investment sector. Additionally, they participated in a secondary market transaction for OOF Group, raising $21,431,018 on January 31, 2022. These activities demonstrate their engagement in the real estate investment trust context, making them a relevant player in the industry.


15. Spiltan Invest

  • Website: spiltan.se
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1986
  • Headcount: 11-50
  • LinkedIn: spiltan

Spiltan Invest is an investment firm based in Stockholm, Sweden, founded in 1986. The firm specializes in long-term investments in growth companies across various sectors, including technology, finance, real estate, and industry. They provide capital and strategic support to entrepreneurs and businesses, focusing on sustainable value creation over time. Notably, Spiltan Invest has participated in funding rounds for companies like Aktivbo, a SAAS developer for real estate management, which raised SEK 10 million to enhance its technological development and international expansion. Additionally, they invested in Realforce, a company that simplifies marketing for the real estate industry, securing 50 million SEK in funding. These transactions highlight Spiltan Invest's active role in the real estate sector, particularly in supporting innovative solutions that cater to real estate management and marketing.



Real Estate Investment Trust Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
Altor Equity PartnersStockholm, Stockholm, Sweden51-20020036
SchibstedOslo, Oslo, Norway5001-1000018393
StorebrandLysaker, Akershus, Norway1001-500017672
IntrumStockholm, Stockholm, Sweden10001+19232
Handelsbanken i SverigeStockholm, Stockholm, Sweden10001+18714
TaaleriHelsinki, Uusimaa, Finland51-20020070
Samhällsbyggnadsbolaget i Norden ABStockholm, Stockholm, Sweden201-50020160
Länsförsäkringar Göteborg och BohuslänGothenburg, Västra Götaland, Sweden201-50018452
CapManHelsinki, Uusimaa, Finland51-20019894
SebStockholm, Stockholm, Sweden10001+185613
Polaris Private EquityCopenhagen, Denmark51-20019984
NordeaHelsinki, Uusimaa, Finland10001+18206
M2 Asset Management ABStockholm, Stockholm, Sweden11-5019981
Spiltan InvestStockholm, Stockholm, Sweden11-5019860


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