The real estate investing industry in the Nordics is vibrant and dynamic, bringing together various players such as corporate firms, private equity funds, and venture capitalists. These companies offer a range of services, including property development, management, and financing in both residential and commercial sectors. With a growing focus on sustainability and technological advancements, the industry is leaning towards innovative solutions for housing and urban development. Exciting trends include the rise of PropTech startups and more substantial commitments to eco-friendly investments, positioning the region as a key player in the future of real estate investments.


Within the Nordics, 16 notable investors operate in the real estate sector, encompassing corporate giants, private equity firms, and venture capitalists. Headquartered across cities like Oslo, Stockholm, and Helsinki, these investors range from well-established firms to emerging players, with employee sizes varying from small teams to large corporations. Founded from as early as 1767, these investors collectively facilitated approximately 90 deals in 2024, demonstrating their engagement and influence in shaping the industry.


Top 16 Real Estate Investing 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. Specializing in private equity, infrastructure, real estate, growth equity, and venture capital, EQT serves institutional investors by providing expertise in managing diverse investment portfolios across multiple sectors and geographies. Notably, EQT has made significant strides in the real estate sector, exemplified by their acquisition of PropertyGuru Group in August 2024 for approximately USD 1.1 billion, which highlights their commitment to real estate technology. Additionally, their acquisition of Apleona in 2016 and Radius Global Infrastructure in 2023 further underscores their active participation in the real estate market. These transactions reflect EQT's strategic approach to investing in real estate and related sectors, reinforcing their position as a key player in the 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 digital services, particularly in online classifieds and second-hand goods. Schibsted has made notable investments in the real estate sector, including the acquisition of Habitaclia, a leading real estate portal in Spain, which enhanced their leadership in the Spanish real estate market. They also acquired Oikotie, an online classifieds business in Finland, for EUR 185 million, further solidifying their presence in the Finnish marketplace. Most recently, in 2024, Schibsted agreed to acquire HomeQ Technologies AB, a Swedish marketplace for first-hand rental apartments, which has shown significant revenue growth. These strategic acquisitions highlight Schibsted's commitment to expanding its real estate marketplace and leveraging growth opportunities in this sector.


3. 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 providing consulting services across various sectors, including technology and consumer products, with a focus on enhancing operational efficiency and sustainable growth for its partners. Notably, Altor has been involved in significant transactions in the real estate sector, such as the 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 acquisition highlights Altor's commitment to the real estate industry. Additionally, their diverse investment portfolio includes other sectors, but their engagement in real estate management positions them as a relevant player in the real estate investing landscape.


4. Nordic Investment Bank

  • Website: nib.int
  • Type: Corporate
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 1976
  • Headcount: 201-500
  • Number of deals in 2024: 19
  • LinkedIn: nordic-investment-bank

Nordic Investment Bank (NIB) is a public entity based in Helsinki, Finland, founded in 1976. It specializes in providing sustainable financing solutions for projects across the Nordic and Baltic regions. NIB offers a variety of loan products, including corporate, sovereign, and sustainability-linked loans, aimed at enhancing productivity and environmental benefits. In recent years, NIB has been involved in several notable transactions within the real estate sector, such as providing debt financing to Bonnier Fastigheter, which raised approximately $19.4 million in September 2024, and Catena, which secured around $39.3 million in post-IPO debt in July 2023. Additionally, NIB supported Atrium Ljungberg with $88.6 million in post-IPO debt in March 2020. These transactions highlight NIB's active role in financing real estate projects, reinforcing its position as a relevant investor in the real estate industry.


5. 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 investment firm founded in 1996, specializing in venture capital. The firm aims to provide capital and expertise to innovative companies across various sectors, including Mobility and Digital Health. VNV Global emphasizes long-term profitability and the development of scalable business models. Notably, they have participated in several transactions relevant to the real estate sector, such as Shwe Property, Myanmar's leading property portal, which raised $3 million in its Series B funding round in 2019, and Agente Imovel Inteligencia de Busca, which raised $1 million in Series A funding in both 2017 and 2018. These investments highlight VNV Global's engagement in the real estate market, particularly in technology-driven property platforms.


6. Heartcore Capital

  • Website: heartcore.com
  • Type: Venture Capital
  • Headquarters: Copenhagen, Denmark
  • Founded year: 2007
  • Headcount: 11-50
  • Number of deals in 2024: 17
  • LinkedIn: heartcorecapital

Heartcore Capital is a venture capital firm based in Copenhagen, Denmark, founded in 2007. The firm specializes in investing in early-stage technology companies and emphasizes building long-term relationships with entrepreneurs. Heartcore has been involved in several notable transactions within the real estate sector, particularly with Exporo, a German real estate investment platform. They participated in multiple funding rounds for Exporo, including a €43 million Series B round in 2019 and a Series C round in 2021, which aimed to expand Exporo's international presence and enhance its digital real estate offerings. Additionally, Heartcore invested in Zefir, a company that raised over $11 million in a Series B round in 2024, further showcasing their engagement in the real estate technology landscape.


7. PHM Group

  • Website: phmgroup.com
  • Type: Corporate
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 1989
  • Headcount: 5001-10000
  • Number of deals in 2024: 2
  • LinkedIn: phm-group

PHM Group, founded in 1989 and based in Helsinki, Uusimaa, Finland, is a corporate investor specializing in property maintenance services. The company operates across multiple countries, providing essential maintenance and cleaning services to housing companies and businesses. In recent years, PHM Group has made significant strides in expanding its footprint in the property services sector through strategic acquisitions. Notable transactions include the acquisition of Flow Fastighetsvärden AB in July 2021, which marked their largest international acquisition and enhanced their digital property management capabilities. Additionally, they acquired Kotikatu, a leading residential property maintenance provider in Finland, as part of their strategy to create a robust Nordic residential maintenance group. Other acquisitions, such as BJØRNSHOLM in Denmark and Flensburger Objektservice GmbH in Germany, further demonstrate their commitment to strengthening their market position in property services. These transactions highlight PHM Group's active role in the real estate investing industry, particularly in property maintenance and management.


8. 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, marking a significant step in its strategy to enhance its presence in the real estate market. Additionally, in December 2018, Intrum acquired Solvia for approximately $273 million, further indicating its commitment to real estate investments. These transactions highlight Intrum's evolving role in the real estate investing landscape, alongside its core business in credit management.


9. 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 variety of products including pension plans, insurance, banking services, and investment solutions for both individual consumers and businesses. Recently, Storebrand has made strategic acquisitions to bolster its presence in the real estate sector. Notably, they acquired Capital Investment, a Danish real estate asset manager, for DKK 500 million, aiming to enhance their growth strategy in Nordic alternative assets. Additionally, they acquired a majority stake in AIP Management for $31 million, which may also involve real estate investments. These transactions highlight Storebrand's commitment to expanding its footprint in the real estate market, making them a relevant investor in this field.


10. 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 notably, real estate. Taaleri manages private equity funds and emphasizes sustainable investments that yield attractive returns while addressing environmental challenges. Their clientele includes both institutional and private investors looking to engage in impactful projects. A significant transaction highlighting Taaleri's involvement in real estate is their investment in Cytonn Investments, where they provided KES 5 billion in funding for real estate development projects, including the KES 12 billion mixed-use development known as The Ridge in Nairobi County. This transaction underscores Taaleri's active role in the real estate sector, reinforcing their commitment to sustainable and impactful investments.


11. 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, Västra Götaland, Sweden, founded in 2021. The firm specializes in investments in the PropTech sector, focusing on real estate technology startups. PropTech Farm aims to drive innovation and sustainability in the real estate industry through its investment strategies, operating primarily in the Nordics and Southeast Asia. Notable transactions include a $2 million investment in Lazudi, a Thai proptech firm that seeks to simplify the home buying and selling process, and a SEK 7.5 million investment in Allihoop, a Stockholm-based startup focused on product development and expansion in the real estate market. Other investments include Propstreet and Pigello, both of which are also involved in the PropTech space, indicating a strong commitment to enhancing the real estate industry through technology.


12. 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 targeting technology-enabled companies. Verdane provides capital and hands-on support to help businesses scale, with a focus on digitalization and decarbonization trends. Among their notable transactions, Verdane invested in Wunderflats, a Berlin-based platform for temporary furnished housing, raising $21 million in growth funding to expand its operations across Europe. This investment highlights Verdane's engagement in the real estate sector, alongside their broader focus on technology companies. Other transactions include investments in companies like Placewise and Consector, although these are less directly related to real estate. Overall, Verdane's portfolio reflects a willingness to invest in sectors that intersect with real estate, particularly through technology-driven platforms.


13. Handelsbanken i Sverige


Svenska Handelsbanken AB, founded in 1871 and based in Stockholm, Sweden, is a prominent bank that offers a comprehensive range of financial services, including loans, savings accounts, investment funds, and financial advice. The bank serves both individual consumers and businesses, focusing on tailored solutions to meet diverse financial needs. 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, and Swedish Logistic Property, which raised around $53.1 million. These transactions highlight Handelsbanken's engagement in the real estate market, alongside their broader banking operations, reinforcing their role as a key player in real estate investing.


14. 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 offers a comprehensive range of financial services, including corporate and investment banking, asset management, and private wealth management. In recent years, SEB has demonstrated its active participation in the real estate sector through notable transactions. For instance, in September 2024, SEB was involved in a post-IPO equity transaction where Swedish Logistic Property raised over $107 million. Prior to that, in November 2023, they participated in another post-IPO equity round for the same company, raising approximately $53 million. These transactions highlight SEB's commitment to investing in real estate, particularly in logistics properties, showcasing their strategic interest in this sector.


15. Intera Partners

  • Website: interapartners.fi
  • Type: Private Equity
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2007
  • Headcount: 11-50
  • Number of deals in 2024: 2
  • LinkedIn: intera-partners

Intera Partners is a private equity firm based in Helsinki, Uusimaa, Finland, founded in 2007. The firm specializes in investment management and advisory services, focusing on growing and internationalizing Finnish and Swedish companies with revenues between €10-200 million. Intera Partners emphasizes responsible investing and building strong partnerships with business owners. Notably, they have been involved in several transactions, including the acquisition of Consti Yhtiöt, a company engaged in construction and renovation, which highlights their interest in the real estate sector. Additionally, they have participated in various funding rounds for companies like ARCO Architecture and PHM Group, further showcasing their diverse investment portfolio.


16. Industrifonden

  • Website: industrifonden.com
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1979
  • Headcount: 11-50
  • Number of deals in 2024: 9
  • LinkedIn: industrifonden

Industrifonden is a venture capital fund based in Stockholm, Sweden, founded in 1979. The firm specializes in investing in early-stage companies, particularly in the fields of Deep Tech, Life Science, and Transformative Tech. They provide financial support and strategic guidance to startups, helping them scale their innovative solutions. Notably, Industrifonden has made significant investments in the real estate technology sector, including a $6 million Series A funding round for Adfenix, a company focused on cloud-based customer services for real estate agencies in Europe and the US. Additionally, they participated in a funding round for Realforce, which aims to enhance marketing for the real estate industry. These transactions highlight Industrifonden's engagement in the real estate sector, particularly through technology-driven solutions.



Real Estate Investing Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
SchibstedOslo, Oslo, Norway5001-1000018393
Altor Equity PartnersStockholm, Stockholm, Sweden51-20020036
Nordic Investment BankHelsinki, Uusimaa, Finland201-500197619
VNV Global ABStockholm, Stockholm, Sweden1-1019961
Heartcore CapitalCopenhagen, Denmark11-50200717
PHM GroupHelsinki, Uusimaa, Finland5001-1000019892
IntrumStockholm, Stockholm, Sweden10001+19232
StorebrandLysaker, Akershus, Norway1001-500017672
TaaleriHelsinki, Uusimaa, Finland51-20020070
PropTech FarmGothenburg, Västra Götaland, Sweden1-1020210
VerdaneOslo, Oslo, Norway51-20019857
Handelsbanken i SverigeStockholm, Stockholm, Sweden10001+18714
SebStockholm, Stockholm, Sweden10001+185613
Intera PartnersHelsinki, Uusimaa, Finland11-5020072
IndustrifondenStockholm, Stockholm, Sweden11-5019799


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