The real estate investment industry in the Nordics is thriving, driven by increasing demand for sustainable developments and innovative property solutions. Companies range from private equity firms and venture capitalists to corporate investors, each looking to capitalize on growing sectors like residential, commercial, and industrial properties. The market is robust, with investments gravitating toward tech-driven solutions in property management and investment platforms. Major cities are witnessing revitalization projects, indicating a shift towards urban living and sustainable practices. Insights suggest that the Nordics are set for significant growth, as environmental considerations shape investment strategies moving forward.


This article highlights 18 notable investors within the Nordic real estate scene, showcasing a mix of private equity, corporate, and venture capital firms. Most are headquartered in major cities such as Stockholm, Oslo, and Copenhagen, with varying sizes ranging from small setups to large institutions with over 10,000 employees. Founded as far back as 1839, these firms have collectively engaged in 112 real estate transactions in 2024, reflecting their active involvement in the market. Their strategic investments exemplify the evolving opportunities within the real estate sector.


Top 18 Real Estate Investment 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 providing expertise in managing diverse investment portfolios across various sectors and geographies. Notably, EQT has been active 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 investments. Additionally, their acquisition of Apleona in 2016 and Radius Global Infrastructure in 2023 further underscores their involvement in real estate-related transactions, showcasing their strategic focus on this sector.


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 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 acquisition highlights Altor's commitment to the real estate market. Additionally, while their other transactions, such as the acquisition of Kommunalkredit Austria, focus on sustainable infrastructure, their involvement in real estate management positions them as a relevant investor in the real estate investment landscape.


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 investment space, highlighted by key acquisitions such as Habitaclia.com, a leading real estate portal in Spain, which bolstered their position in the Spanish real estate market. Additionally, their acquisition of HomeQ Technologies AB, a Swedish marketplace for first-hand rental apartments, showcases their intent to enhance their real estate marketplace offerings. Furthermore, Schibsted's acquisition of Oikotie, an online classifieds business in Finland, further solidifies their presence in the Nordic real estate sector. These strategic investments reflect Schibsted's commitment to expanding its influence in the real estate industry, making it a notable player in this investment category.


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, established 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, aligning with its mission to support sustainable development in the region.


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 a 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 investment landscape, despite their broader focus on technology and innovation.


6. 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 has expanded its operations across multiple countries, serving housing companies and businesses with reliable maintenance solutions. In recent years, PHM Group has made significant strides in the real estate investment context 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 strengthen their Nordic presence. More recently, in October 2024, PHM Group acquired Flensburger Objektservice GmbH and Kieler Gebäudeservice GmbH to bolster their market position in northern Germany. These transactions reflect PHM Group's commitment to expanding its footprint in the property services sector, making them a relevant investor in the real estate investment industry.


7. 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 footprint in the real estate sector through strategic acquisitions. Notably, in May 2023, Intrum acquired Haya Real Estate, a Spanish asset management platform, for 140 million euros, aiming to enhance its business operations in Spain. Additionally, in December 2018, Intrum acquired Solvia for approximately $273 million, further solidifying its presence in real estate asset management. These transactions reflect Intrum's commitment to diversifying its portfolio and engaging actively in the real estate investment industry.


8. 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 investment sector, notably through its acquisition of Capital Investment, a Danish real estate asset manager, for DKK 500 million. This acquisition is part of Storebrand's growth strategy in Nordic alternative assets and aims to strengthen its position in the real estate market. Additionally, Storebrand has acquired a majority stake in AIP Management, further indicating its commitment to expanding its investment capabilities in real estate and related sectors.


9. 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 in the real estate investment context, particularly with Exporo, a German real estate crowdfunding 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 collectively raised significant capital to expand Exporo's platform and offerings. Additionally, Heartcore invested in Zefir, a company that raised over $11 million in Series B funding in 2024, further showcasing their interest in technology-driven real estate solutions. Through these investments, Heartcore Capital demonstrates its commitment to supporting innovative companies within the real estate sector.


10. 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 tailored for both individual consumers and businesses. The bank emphasizes personal service and strong customer relationships through its extensive branch network. In recent years, Handelsbanken has been involved in several notable transactions in the real estate sector, including raising $47,652,501 for Stendorren Fastigheter in a post-IPO equity transaction on October 23, 2024, and $53,098,890 for Swedish Logistic Property on November 29, 2023, also in post-IPO equity. These transactions highlight Handelsbanken's active participation in the real estate investment landscape, further solidifying its role as a significant player in the industry.


11. 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 that are poised for scaling. Verdane provides both capital and hands-on support to help businesses enhance their market position and operational efficiency, with a keen focus on digitalization and decarbonization trends. 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. Additionally, they participated in a $21 million growth funding round for Wunderflats, a platform for temporary furnished housing, indicating their strategic interest in real estate-related ventures. These transactions highlight Verdane's capability and willingness to engage in the real estate investment landscape, despite their broader focus on technology.


12. Taaleri


Taaleri is an investment management firm based in Helsinki, Uusimaa, 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 comprises institutional and private investors looking to engage in impactful projects. A key transaction highlighting Taaleri's commitment to real estate is their investment in Cytonn Investments, where they provided KES 5 billion in funding for the development of real estate projects, including the KES 12.0 billion mixed-use development known as The Ridge in Nairobi County. This investment showcases Taaleri's active role in the real estate market and their focus on supporting significant development projects.


13. 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 real estate technology, focusing on supporting startups in the PropTech sector by providing funding and strategic guidance. PropTech Farm operates primarily in the Nordics and Southeast Asia, with a mission to drive innovation and sustainability in the real estate industry. Notable transactions include a $2 million investment in Lazudi, a Thai proptech firm aimed at simplifying the home buying and selling process, and a pre-seed investment in Propstreet, which also operates within the real estate technology space. Additionally, they led a funding round for Allihoop, a Stockholm-based startup, and participated in a seed round for Pigello, further emphasizing their commitment to advancing technology in real estate.


14. 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 Series A funding round for Adfenix, which raised $6 million to enhance its cloud-based customer services for real estate agencies in Europe and expand into the US market. Additionally, they participated in a funding round for Realforce, which aims to simplify marketing for the real estate industry, securing 50 million SEK from various investors. These transactions highlight Industrifonden's engagement with the real estate sector, despite their broader focus on technology-driven startups.


15. 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. They provide a comprehensive range of financial services, including corporate and investment banking, asset management, and private wealth management. In 2024, SEB has been actively involved in the real estate sector, notably participating in significant transactions such as the post-IPO equity raises for Swedish Logistic Property, where they raised approximately $107 million in September 2024 and $53 million in November 2023. Additionally, they have engaged in debt transactions with NCC, raising substantial amounts in the past. These activities highlight SEB's engagement in real estate investments, complementing their broader financial services portfolio.


16. 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 provide a range of financial products, including car and home insurance, as well as savings plans. In recent years, they have shown a notable interest in the real estate sector, participating in several significant transactions. In 2024, they were involved in post-IPO equity investments, raising approximately $47.7 million for Stendorren Fastigheter and about $107 million for Swedish Logistic Property. Additionally, they previously invested around $53 million in Swedish Logistic Property in late 2023. These transactions highlight their active role in the real estate investment landscape, making them a relevant player in this sector.


17. 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 70% of Unobo, a rent-regulated residential company, for SEK 2,064 million, which owns over 5,368 apartments and has plans for further acquisitions. Additionally, SBB acquired 54.3% of Offentliga Hus i Norden AB for SEK 2,139.34 million, and approximately 46.27% of Amasten Fastighets AB for SEK 4,813.89 million. These transactions highlight SBB's active role in the real estate investment sector, particularly in residential properties.


18. 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, 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 been involved in several transactions relevant to the real estate sector, including the acquisition of Esoft Systems A/S, which specializes in digital marketing for the real estate industry, and the acquisition of Dansommer, a company that operates in the vacation rental market. Additionally, they acquired Fiskarhedenvillan Group, which is involved in the construction of residential homes. These transactions highlight Polaris's engagement with the real estate market, making them a significant player in this investment space.



Real Estate Investment Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
Altor Equity PartnersStockholm, Stockholm, Sweden51-20020036
SchibstedOslo, Oslo, Norway5001-1000018393
Nordic Investment BankHelsinki, Uusimaa, Finland201-500197619
VNV Global ABStockholm, Stockholm, Sweden1-1019961
PHM GroupHelsinki, Uusimaa, Finland5001-1000019892
IntrumStockholm, Stockholm, Sweden10001+19232
StorebrandLysaker, Akershus, Norway1001-500017672
Heartcore CapitalCopenhagen, Denmark11-50200717
Handelsbanken i SverigeStockholm, Stockholm, Sweden10001+18714
VerdaneOslo, Oslo, Norway51-20019857
TaaleriHelsinki, Uusimaa, Finland51-20020070
PropTech FarmGothenburg, Västra Götaland, Sweden1-1020210
IndustrifondenStockholm, Stockholm, Sweden11-5019799
SebStockholm, Stockholm, Sweden10001+185613
Länsförsäkringar Göteborg och BohuslänGothenburg, Västra Götaland, Sweden201-50018452
Samhällsbyggnadsbolaget i Norden ABStockholm, Stockholm, Sweden201-50020160
Polaris Private EquityCopenhagen, Denmark51-20019984


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