The real estate asset management industry in the Nordics is a dynamic sector focused on managing and optimizing properties on behalf of investors. It includes various players, such as private equity firms, corporate investors, and venture capitalists, each providing unique strategies and services. Companies in this sector handle everything from residential developments to large commercial projects, enhancing value through innovative management techniques. As sustainability becomes a priority, the industry is increasingly adopting eco-friendly practices. Digital technology also plays a critical role, as firms leverage data analytics to improve efficiency and drive decision-making ahead of a competitive market.


This article highlights 17 key investors in the Nordic real estate asset management arena, including private equity firms, corporate investors, and venture capitalists. Spanning across locations such as Stockholm, Helsinki, and Oslo, these firms vary in size from 10 to over 10,000 employees. Established in various years ranging from 1767 to 2021, these investors have collectively made numerous deals in 2024, reflecting an active participation in the market. Noteworthy participants include EQT Group with 30 investments and Visma, responsible for 16 deals, showcasing their influence in the industry's evolution.


Top 17 Real Estate Asset Management 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. The firm specializes in private equity, infrastructure, real estate, growth equity, and venture capital, catering primarily to institutional investors. EQT Group has a strong track record of managing diverse investment portfolios across various sectors and geographies. Notably, they have made significant acquisitions in the real estate sector, including Apleona, a leading real estate services provider, which they acquired in January 2016. This acquisition highlights their commitment to real estate asset management. Additionally, their acquisition of Radius Global Infrastructure in March 2023 further emphasizes their strategic interest in real estate-related investments. With a total of 30 investments in 2024, EQT Group continues to demonstrate its active role in the real estate market, making it a key player in the asset management industry.


2. 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 real estate asset management 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, the acquisition of Kotikatu, a leading residential property maintenance provider in Finland, is part of their strategy to create a robust Nordic residential property maintenance group. Other acquisitions, such as BJØRNSHOLM in Denmark and Flensburger Objektservice GmbH in Germany, further illustrate their commitment to strengthening their market position and service offerings in property maintenance and management.


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 focuses on enhancing operational efficiency and sustainable growth for its partners through tailored investment strategies and digital transformation solutions across various sectors, including technology and consumer products. Notably, Altor has made significant strides in the real estate 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 asset management industry, alongside their diverse investment portfolio that includes companies in finance and consulting.


4. 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 strategic acquisitions in the real estate sector, including HomeQ Technologies AB, a marketplace for first-hand rental apartments, which they acquired in February 2024 to enhance their real estate marketplace. Additionally, they acquired Habitaclia.com, a prominent real estate portal in Spain, in January 2017, further solidifying their leadership in the Spanish real estate market. In July 2020, Schibsted ASA also acquired Oikotie, an online classifieds business in Finland, for EUR 185 million, aiming to strengthen their presence in the Finnish online marketplace. These transactions reflect Schibsted's commitment to expanding its footprint in the real estate asset management space.


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 credit management services company founded in 1923, headquartered in Stockholm, Sweden. It specializes in providing solutions for debt collection, credit optimization, and financial education, serving both businesses and consumers across Europe. In recent years, Intrum has expanded its operations into the real estate asset management sector through significant acquisitions. Notably, in May 2023, Intrum acquired Haya Real Estate, a Spanish asset management platform, for 140 million euros, marking a strategic move to enhance its business in Spain. Additionally, in December 2018, Intrum acquired Solvia for approximately $273 million, further solidifying its presence in the real estate asset management industry. These transactions reflect Intrum's commitment to diversifying its portfolio and strengthening its market position in real estate asset management.


6. 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. With a strong presence in Europe and Latin America, Visma operates through a network of entrepreneurial companies that contribute to its innovative software offerings. Notably, Visma has made strategic acquisitions to enhance its capabilities in real estate asset management, including the acquisition of Agenteq Solutions Oy in 2018, which develops the Tampuuri property management software. This acquisition aimed to strengthen Visma's offerings in the real estate management software space. Additionally, Visma has been active in acquiring companies that focus on government and public sector solutions, such as P8 Software and iASSET, which further demonstrates its commitment to expanding its software solutions across various sectors, including real estate.


7. 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, particularly in technology-enabled companies, with a strong focus on digitalization and decarbonization trends. Verdane provides capital and hands-on support to help businesses scale and enhance their market position. Notably, Verdane has been involved in several transactions relevant to the real estate sector, including the acquisition of Estate.se in 2016, which is a platform that likely deals with real estate transactions or management. Additionally, their investment in Wunderflats, a Berlin-based platform for temporary furnished housing, highlights their engagement in the real estate market, as it caters to the growing demand for flexible living solutions. These transactions illustrate Verdane's capability and interest in the real estate asset management space, despite their broader focus on technology companies.


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, Västra Götaland, Sweden, founded in 2021. The firm specializes in investments in the PropTech sector, focusing on startups that leverage technology to innovate within the real estate industry. PropTech Farm aims to drive innovation and sustainability in real estate through strategic funding and guidance. Notable transactions include investments in Lazudi, a Thai proptech firm that raised $2 million to simplify the home buying and selling process; Propstreet, which raised $574,326 in a pre-seed round; and Pigello, which secured $474,720 in a seed round. Additionally, they led a funding round for Allihoop, a Stockholm-based startup, and invested $3.2 million in xNomad. These investments highlight their commitment to enhancing real estate processes and technologies, making them a significant player in the asset management landscape.


9. 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 $47.65 million raised by Stendorren Fastigheter in a post-IPO equity round on October 23, 2024, and the $53.1 million raised by Swedish Logistic Property on November 29, 2023. Furthermore, the bank's acquisition of Optimix Vermogensbeheer in 2016 highlights its strategic interest in asset management, which may encompass real estate investments. These activities position Handelsbanken as a relevant player in the real estate asset management landscape.


10. 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 to the needs of public sector clients. Notable transactions include the acquisition of approximately 46.27% of Amasten Fastighets AB for SEK 4,813.89 million, 54.3% of Offentliga Hus i Norden AB for SEK 2,139.34 million, and 70% of Unobo, a rent-regulated residential company, for SEK 2,064 million. These acquisitions reflect SBB's strategic approach to expanding its real estate portfolio and enhancing its asset management capabilities.


11. 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 diverse range of products including pension plans, insurance, banking services, and investment solutions aimed at both individual consumers and businesses. Recently, Storebrand has made significant strides in the real estate asset management sector. Notably, in August 2021, Storebrand ASA acquired Capital Investment, a Danish real estate asset manager, for DKK 500 million, which is part of their strategy to enhance growth in Nordic alternative assets and strengthen their position in real estate. Additionally, in June 2024, Storebrand acquired a majority stake in AIP Management for $31 million, further solidifying their involvement in asset management. These transactions reflect Storebrand's active participation in the real estate market, aligning with their broader investment strategy.


12. 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. The firm has a strong presence in the Nordic markets and leverages its expertise to manage funds and drive value creation for its clients. 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 not only enhances CapMan's position in the Nordic hotel investment market but also contributes to its goal of increasing assets under management to EUR 10 billion. Additionally, CapMan's investment activities extend to various sectors, including its acquisition of Dasos Capital, which focuses on sustainable timberland investment, showcasing its diverse investment strategy.


13. Länsförsäkringar Göteborg och Bohuslän


Länsförsäkringar Göteborg och Bohuslän is a corporate investor based in Gothenburg, Västra Götaland, Sweden, founded in 1845. As part of the Länsförsäkringar group, they offer a range of financial products including car and home insurance, as well as savings plans. In 2024, they have made notable investments in the real estate sector, participating in post-IPO equity transactions such as a $47,652,501 investment in Stendorren Fastigheter and a $107,050,345 investment in Swedish Logistic Property. These transactions highlight their active role in the real estate asset management industry, showcasing their strategy to diversify their investment portfolio beyond traditional insurance and banking products.


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 (Skandinaviska Enskilda Banken AB) is a leading banking group in Northern Europe, founded in 1856 and headquartered in Stockholm, Sweden. With a workforce of over 10,000 employees, Seb provides a comprehensive range of financial services, including corporate and investment banking, asset management, and private wealth management. In recent years, Seb has been actively involved in the real estate sector, participating in significant transactions such as the Post-IPO equity raises for Swedish Logistic Property, where they helped raise approximately $107 million in September 2024 and $53 million in November 2023. Additionally, they have facilitated substantial debt financing for construction and real estate companies like NCC and Peab, with transactions amounting to over $320 million and $697 million, respectively. These activities highlight Seb's commitment to real estate asset management and their role in supporting the growth and development of the sector.


15. 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, managing private equity funds with a focus on sustainable investments. Taaleri aims to provide attractive returns while addressing environmental challenges, catering to both institutional and private investors seeking impactful projects. Notably, Taaleri has been involved in significant real estate transactions, such as its funding of Cytonn Investments, where it secured KES 2.1 billion in mezzanine financing for the development of real estate projects, including the KES 12.0 billion mixed-use development known as The Ridge in Nairobi County. This marks Taaleri's fourth investment with Cytonn, highlighting its ongoing commitment to the real estate sector.


16. 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 made significant investments in various sectors, including a majority stake acquisition in Esoft Systems A/S, a company that specializes in digital marketing for the real estate industry, announced on June 1, 2022. This acquisition highlights Polaris's engagement with the real estate sector. Additionally, they have made other acquisitions such as Vinnergi AB and Dansommer, further demonstrating their active investment strategy across different industries.


17. Vitec Software Group

  • Website: vitecsoftware.com
  • Type: Corporate
  • Headquarters: Sweden
  • Founded year: 1985
  • Headcount: 1001-5000
  • Number of deals in 2024: 5
  • LinkedIn: vitec

Vitec Software Group is a corporate investor based in Sweden, founded in 1985, specializing in developing standardized software solutions across various industries, including healthcare, education, and notably, real estate. The company operates with a decentralized structure, allowing its business units to maintain independence while benefiting from shared resources. Vitec's software is crucial for its customers' operations, ensuring efficiency and reliability. Notably, Vitec has made significant acquisitions in the real estate sector, including the purchase of Plania AS, a Norwegian software company specializing in real estate administration, and Vabi Holding B.V., which enhances its offerings in the real estate market. These transactions demonstrate Vitec's strategic focus on expanding its capabilities in real estate asset management, making it a relevant player in this field.



Real Estate Asset Management Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
PHM GroupHelsinki, Uusimaa, Finland5001-1000019892
Altor Equity PartnersStockholm, Stockholm, Sweden51-20020036
SchibstedOslo, Oslo, Norway5001-1000018393
IntrumStockholm, Stockholm, Sweden10001+19232
VismaOslo, Oslo, Norway10001+199616
VerdaneOslo, Oslo, Norway51-20019857
PropTech FarmGothenburg, Västra Götaland, Sweden1-1020210
Handelsbanken i SverigeStockholm, Stockholm, Sweden10001+18714
Samhällsbyggnadsbolaget i Norden ABStockholm, Stockholm, Sweden201-50020160
StorebrandLysaker, Akershus, Norway1001-500017672
CapManHelsinki, Uusimaa, Finland51-20019894
Länsförsäkringar Göteborg och BohuslänGothenburg, Västra Götaland, Sweden201-50018452
SebStockholm, Stockholm, Sweden10001+185613
TaaleriHelsinki, Uusimaa, Finland51-20020070
Polaris Private EquityCopenhagen, Denmark51-20019984
Vitec Software GroupSweden1001-500019855


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