EQT Closes Its First Real Estate Fund

Nordic EQT closes the EQT Real Estate I fund with commitments totaling EUR 420 million. Around 35 percent of the total commitments have already been invested in four assets.


Share via e-mail

To date, four investments have been made across the fund’s core geographies:
  • Rue Lauriston in central Paris, an office refurbishment project
  • Smart Parc in western Paris, a refurbishment project of two office buildings
  • Technologiepark Köln in Cologne, a portfolio of seven income-producing office assets to be repositioned
  • Täby Terass in the Stockholm area, a residential scheme of studio apartments
Edouard Fernandez, Partner at EQT Partners, Co-Head of EQT Real Estate and Investment Advisor to the fund, comments: “The European real estate segment has long been dominated by North American private equity firms. With this fund, the market gets a new and exciting pan-European challenger that will be able to take advantage of the EQT signature combination of global reach and local people on the ground.”
Robert Rackind, Partner at EQT Partners, Co-Head of EQT Real Estate and Investment Advisor to the fund, adds: “The market outlook is very promising. There is a continued supply-demand imbalance combined with rental growth in gateway cities across Europe, and we see a big “hands-on” value creation potential.”
Lennart Blecher, Deputy Managing Partner at EQT, Head of EQT Real Assets and Investment Advisor to the fund, comments: “EQT Real Estate is a natural next step in the EQT Real Assets investment strategy. The responsible, sustainable development approach has always been a clear differentiator for EQT, and it’s going to be exciting to see the team apply this mindset also to the property sector.”
The fund is backed by a global investor base, and in addition received strong backing from Investor AB, EQT Partners and its affiliates.
Jussi Saarinen, Partner at EQT Partners and Head of Investor Relations, says: “This is yet another important milestone for EQT, being an integrated alternative investments firm with multiple investment strategies. The new fund has attracted great interest among investors, once again reflecting the trust in the EQT industrial approach and clear focus on value creation.”
The fundraising for the EQT Real Estate I has now closed. As such, the foregoing should in no way be treated as any form of offer or solicitation to subscribe for or make any commitments for or in respect of any securities or other interests or to engage in any other transaction.

Axel Ohlsson

Blackstone MD on the Company's Investments and Future in the Nordics

Nordic In 2015, Blackstone re-entered the Nordic market and today controls properties with over EUR 8 billion of value – with the expectation that more will come. Michael Swank, Managing Director in Blackstone's Real Estate Group, tells Nordic Property News about the Nordic re-entry, the possibility of entering more listed companies, the CEO change at D Carnegie and their Nordic future.

Asian Capital Aims for the Nordic Markets

Nordic Doug Burton-Cantley, Director at Avignon, tells Nordic Property News of the Nordic investment plans for Avignon Capital's strategic partnership with CLSA, Asia's leading capital markets and investment group and the international platform of China's largest investment bank CITIC Securities.

"That Can Significantly Affect the Pricing"

Nordic Patrizia's Managing Director of the Nordic Region, Rikke Lykke, tells Nordic Property News about where to find upcoming opportunities on the Swedish market and the integration process of Triuva and Rockspring.

Swedish Big-Spender Restructures – Opens Up for New Acquisitions

Nordic After several large investments in both Sweden and Denmark – Heimstaden restructures their portfolio. The company's Deputy CEO Magnus Nordholm tells Nordic Property News about how the changes will open up for more acquisitions.

"Sweden is a Key Country for Mipim"

Nordic When Mipim opens on March 13 it does so with a new Director. Ronan Vaspart tells Nordic Property News of the Nordic presence at Mipim, his personal highlights in this year's program and how he wishes to put his mark on the fair.

M&G Launches Brexit Fund

Nordic To cash in on the insecurity and volatile pricing born from the Brexit process, M&G Real Estate now launches a fund that will acquire properties for SEK 5.6 billion in three years. Robert Heaney, M&G's institutional business development manager in the Nordics, tells Nordic Property News about the strategies and the Nordic interest in the fund.

Pandox's New Expansion Plans

Nordic Pandox's CEO Anders Nissen looks south and tells Nordic Property News the company's new expansion plans.

Change of Management at TK Development

Nordic The current CEO of TK Development, Frede Clausen, will step down in March.

International Players Looking at New Nordic Segments

Nordic Strong economies, weak currencies and acquisition opportunities on the housing market attracts international buyers to the Nordic markets – and they've started looking at a new segment.

Wihlborgs Buys in Lund and Copenhagen

Nordic Wihlborgs opened the year with the acquisition of two properties in Lund and two in the Copenhagen area.