The real estate consulting industry in the Nordics is an integral part of the region's property market, characterized by a broad array of companies that deliver specialized services. These include property management, market analysis, and investment consulting aimed at maximizing property potential. A notable trend is the growing reliance on technology, with firms increasingly harnessing digital tools and platforms to enhance decision-making processes. As sustainability becomes a priority, many consultants are guiding clients towards eco-friendly practices in real estate. Innovations in property technology (PropTech) are reshaping market dynamics, making this a dynamic and rapidly evolving sector.


Across the Nordics, the list of top investors showcases a rich blend of corporate giants and agile venture capitalists with strategic interests in real estate consulting. Predominantly headquartered in Sweden and Norway, these investors operate companies ranging from small teams to large organizations, with involvement varying from private equity to corporate focuses. Most have been established for over two decades, indicating a robust experience in their fields. For 2024, they together executed more than 70 transactions, symbolizing a vigorous investment climate within the region’s real estate consulting market.


Top 16 Real Estate Consulting 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 founded in 1994, headquartered in Stockholm, Sweden. Specializing in private equity, infrastructure, real estate, growth equity, and venture capital, EQT serves institutional investors by managing diverse investment portfolios across various sectors and geographies. In the real estate sector, EQT has made notable acquisitions, including idealista, a leading online real estate classifieds platform in Southern Europe, acquired for EUR 1.3 billion in 2020, and PropertyGuru Group, a significant player in the property technology space, acquired in 2024 for approximately USD 1.1 billion. These transactions highlight EQT's strategic focus on enhancing its real estate portfolio and its engagement with companies that provide consulting and technology solutions in the real estate industry.


2. 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 online platforms for classified ads and second-hand goods. Notably, Schibsted has made strategic acquisitions in the real estate sector, including the purchase of Habitaclia.com, a prominent real estate portal in Spain, which bolstered its leadership in the Spanish real estate market. Additionally, Schibsted acquired Oikotie, an online classifieds business in Finland, for EUR 185 million, further solidifying its presence in the Nordic real estate landscape. These transactions reflect Schibsted's commitment to expanding its footprint in the real estate consulting space, making it a noteworthy player in this industry.


3. VNV Global AB

  • Website: vnv.global
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1996
  • Headcount: 1-10
  • Number of deals in 2024: 1
  • LinkedIn: vostok-new-ventures-ltd

VNV Global AB is a Stockholm-based venture capital firm founded in 1996, focusing on providing capital and expertise to innovative companies across various sectors, including Mobility and Digital Health. The firm aims to support mission-driven entrepreneurs in developing scalable and sustainable business models, emphasizing long-term profitability and strong market positions. Notably, VNV Global has made several investments in the real estate sector, including Zameen.com, a leading property portal in Pakistan, which raised $9 million in a Series B round in 2015. They also invested in Agente Imovel Inteligencia de Busca, a Brazilian real estate intelligence platform, which raised $1 million in Series A funding in both 2017 and 2018. Additionally, VNV Global participated in funding rounds for Shwe Property, Myanmar's leading property portal, which raised $3 million in Series B funding in 2019. These transactions highlight VNV Global's engagement in the real estate consulting industry, showcasing their interest in platforms that facilitate real estate transactions and services.


4. 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 focuses on enhancing operational efficiency and sustainable growth for its partners through tailored investment strategies and digital transformation solutions. Notably, Altor has made significant strides in the real estate consulting sector, exemplified by their acquisition of Realia Group Oy in 2016, which is the largest service provider in real estate management and brokerage services in the Nordic countries. This strategic move highlights Altor's commitment to the real estate industry. Additionally, their diverse portfolio includes investments in various sectors, showcasing their broad expertise and adaptability in the investment landscape.


5. Polygon Group


Polygon Group is a corporate investor based in Stockholm, Sweden, founded in 1955. The company specializes in property damage control services, focusing on restoring properties affected by water, fire, and climate damage. They serve a diverse range of industries, including facility management, education, and insurance, providing essential restoration and consulting services to mitigate property damage and ensure rapid recovery. In recent years, Polygon Group has expanded its operations through several strategic acquisitions, including BM Fuktteknik in the US, Aquaser in France, Recotech in Italy, and RecoSan GmbH in Germany. These acquisitions have enhanced their regional coverage and service capabilities, further solidifying their position in the property damage restoration market and demonstrating their active involvement in the real estate consulting sector.


6. 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 credit management services company founded in 1923, headquartered in Stockholm, Sweden. With over 10,000 employees, Intrum provides solutions for debt collection, credit optimization, and financial education, serving both businesses and consumers across Europe. Notably, Intrum has made strategic acquisitions in the real estate sector, including the acquisition of Haya Real Estate, a Spanish asset management platform, for 140 million euros in May 2023. This acquisition is part of Intrum's strategy to expand its operations in Spain, a key market for the company. Additionally, Intrum acquired Solvia in December 2018 for $273 million, further indicating its involvement in real estate management. These transactions highlight Intrum's commitment to diversifying its services and enhancing its market position within the real estate consulting space.


7. Butterfly Ventures

  • Website: butterfly.vc
  • Type: Venture Capital
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2012
  • Headcount: 1-10
  • Number of deals in 2024: 5
  • LinkedIn: butterfly-ventures

Butterfly Ventures is a venture capital firm based in Helsinki, Uusimaa, Finland, founded in 2012. The firm specializes in seed stage investments, primarily in deep tech startups, and is committed to providing capital and strategic support to early-stage companies. Butterfly Ventures emphasizes social and environmental impact in its investment strategy, actively engaging with portfolio companies to drive innovation and success. Notably, they have participated in funding rounds for companies such as GBuilder, a Finnish ConTech firm that raised €2M for international expansion, indicating their interest in the real estate consulting sector. Additionally, they have invested in other startups like CubiCasa and Alpakka Media, showcasing their diverse investment portfolio while maintaining a focus on technology-driven solutions.


8. PropTech Farm

  • Website: proptechfarm.com
  • Type: Venture Capital
  • Headquarters: Gothenburg, Västra Götaland, Sweden
  • Founded year: 2021
  • Headcount: 1-10
  • LinkedIn: proptechfarm

PropTech Farm is a venture capital firm based in Gothenburg, Sweden, founded in 2021. The firm specializes in investments in the PropTech sector, focusing on startups that drive innovation and sustainability in the real estate industry. With a small team of 1-10 employees, PropTech Farm has made several notable investments, including funding rounds for companies like Lazudi, which raised $2 million to enhance the home buying and selling process in Thailand, and Propstreet, which secured $574,326 in a pre-seed round. Other investments include Pigello, which raised $474,720, and Allihoop, a Stockholm-based startup that received SEK 7.5 million for product development. Their investment in xNomad, which raised $3.2 million, further demonstrates their commitment to supporting technology that can transform real estate practices. Through these transactions, PropTech Farm not only provides capital but also strategic guidance to help these startups succeed in the competitive real estate market.


9. Verdane

  • Website: verdane.com
  • Type: Private Equity
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1985
  • Headcount: 51-200
  • Number of deals in 2024: 7
  • LinkedIn: verdane-capital

Verdane is a private equity investment firm based in Oslo, Norway, founded in 1985. The firm specializes in growth equity investments, primarily focusing on technology-enabled companies that are poised for scaling. Verdane provides capital and hands-on support to help businesses enhance their market position and operational efficiency, particularly in the realms of digitalization and decarbonization. Notably, Verdane has made significant investments in the real estate sector, including the acquisition of Estate.se, a company that operates within the real estate market, and a $21 million investment in Wunderflats, a Berlin-based platform for temporary furnished housing. These transactions highlight Verdane's engagement in the real estate consulting industry, alongside their broader focus on technology and growth equity.


10. Multiconsult

  • Website: multiconsult.no
  • Type: Corporate
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1908
  • Headcount: 1001-5000
  • Number of deals in 2024: 1
  • LinkedIn: multiconsult

Multiconsult ASA is a prominent consulting and engineering firm based in Oslo, Norway, founded in 1908. The company specializes in providing comprehensive services across various sectors, including construction, renewable energy, and environmental management. They cater to a diverse clientele, including government agencies and private developers, by offering expertise in project planning, engineering solutions, and compliance with environmental regulations. In recent years, Multiconsult has made several strategic acquisitions to enhance its service offerings in the real estate consulting space. Notable transactions include the acquisition of A-Lab AS, a firm specializing in architecture and design, which strengthens Multiconsult's capabilities in real estate projects. Additionally, their acquisition of T-2 Prosjekt Vest AS and Petter J. Rasmussen further indicates their commitment to expanding their footprint in the real estate consulting industry. These transactions highlight Multiconsult's strategic focus on integrating firms that contribute to the planning and execution of real estate projects, making them a significant player in the sector.


11. Visma

  • Website: visma.com
  • Type: Corporate
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1996
  • Headcount: 10001+
  • Number of deals in 2024: 16
  • LinkedIn: visma

Visma is a corporate investor based in Oslo, Norway, founded in 1996. It specializes in providing cloud-based accounting, payroll, invoicing, and HR solutions, primarily serving small and medium businesses as well as public sector organizations. Visma has a strong presence in Europe and Latin America, operating through a network of entrepreneurial companies. Notably, Visma has made strategic acquisitions to enhance its software offerings, including the acquisition of Agenteq Solutions Oy in 2018, which develops Tampuuri property management software, thereby expanding its capabilities in real estate management. Additionally, Visma's acquisition of Priorite Group in 2014 further solidified its position in the software consulting market, although this is less directly related to real estate. Overall, Visma's focus on software solutions, including those for real estate management, positions it as a relevant player in the real estate consulting space.


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 and focuses on supporting mid-sized companies in the Nordic region through tailored investment strategies, including 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 made significant investments in the real estate consulting context, including the acquisition of Esoft Systems A/S, which specializes in digital marketing for the real estate industry, highlighting their engagement in this sector. Additionally, their investment in ProData Consult, a consultancy firm, further emphasizes their involvement in consulting services. Other acquisitions, such as Vinnergi AB, Fiskarhedenvillan Group, and Dansommer, while not directly related to real estate consulting, showcase Polaris's broader investment strategy in various sectors.


13. 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 diverse investment strategies aimed at achieving sustainable returns. Notably, CapMan has made significant strides in the real estate sector, exemplified by its recent acquisition of Midstar Fastigheter AB, a Nordic hotel real estate portfolio consisting of 28 assets for EUR 0.4 billion. This acquisition enhances CapMan's position in the Nordic hotel investment market and contributes to its goal of increasing assets under management to EUR 10 billion. Additionally, CapMan's involvement in various sectors, including infrastructure and natural capital, showcases its broad investment strategy while maintaining a strong focus on real estate.


14. Kompas Vc

  • Website: kompas.vc
  • Type: Venture Capital
  • Headquarters: Copenhagen, Denmark
  • Founded year: 2021
  • Headcount: 11-50
  • Number of deals in 2024: 7
  • LinkedIn: kompasvc

KOMPAS is a venture capital firm based in Copenhagen, Denmark, founded in 2021. The firm specializes in funding innovative technologies aimed at decarbonizing and digitally transforming the building and manufacturing sectors. KOMPAS provides essential capital and expertise to startups focused on sustainable materials and climate technology. Notable transactions include their participation in Ecoworks, a Berlin-based climate startup that raised €40 million to develop smart retrofitting technologies, which directly relates to real estate through the enhancement of existing buildings. Additionally, their investment in Minut, a startup that raised $14 million in a Series B round, suggests a focus on technology that could be applicable in real estate management and monitoring. Overall, KOMPAS is positioned at the intersection of technology and sustainability in the building sector, making them a potential player in the real estate consulting space, albeit not exclusively focused on it.


15. Marketer


Marketer is a corporate investor based in Oslo, Norway, founded in 2016. As a digital marketing agency, they specialize in real estate solutions, offering services such as marketing automation, digital solutions for developers, and advanced visualization technologies. Their clientele primarily consists of real estate professionals and developers looking to enhance their marketing strategies and improve sales processes. In 2021, Marketer acquired HomeFair for NOK 20 million, aiming to bolster their capabilities in the prop tech sector, particularly in generating automated reports for real estate valuations and market analysis. More recently, in October 2023, they acquired the Dutch proptech company Moving Digital, which specializes in digital marketing solutions for the real estate market, further expanding their international presence and portfolio. Through these strategic acquisitions, Marketer demonstrates a commitment to innovation and customer engagement within the real estate consulting space.


16. Handelsbanken i Sverige


Svenska Handelsbanken AB, founded in 1871 and based in Stockholm, Sweden, is a prominent corporate bank that provides a comprehensive array 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 significant transactions such as the post-IPO equity raises for Stendorren Fastigheter, which raised approximately $47.7 million in October 2024, and Swedish Logistic Property, which raised around $53.1 million in November 2023. Additionally, Handelsbanken has engaged in debt financing for NCC, a major construction and property development company, raising substantial amounts in post-IPO debt transactions. These activities highlight Handelsbanken's role in supporting real estate ventures, positioning it as a relevant player in the real estate consulting landscape.



Real Estate Consulting Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
SchibstedOslo, Oslo, Norway5001-1000018393
VNV Global ABStockholm, Stockholm, Sweden1-1019961
Altor Equity PartnersStockholm, Stockholm, Sweden51-20020036
Polygon GroupStockholm, Stockholm, Sweden5001-1000019550
IntrumStockholm, Stockholm, Sweden10001+19232
Butterfly VenturesHelsinki, Uusimaa, Finland1-1020125
PropTech FarmGothenburg, Västra Götaland, Sweden1-1020210
VerdaneOslo, Oslo, Norway51-20019857
MulticonsultOslo, Oslo, Norway1001-500019081
VismaOslo, Oslo, Norway10001+199616
Polaris Private EquityCopenhagen, Denmark51-20019984
CapManHelsinki, Uusimaa, Finland51-20019894
Kompas VcCopenhagen, Denmark11-5020217
MarketerOslo, Oslo, Norway11-5020160
Handelsbanken i SverigeStockholm, Stockholm, Sweden10001+18714


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