Business
EQT Real Estate completes acquisition to deliver more than 800 rental homes in Stockholm, Sweden
EQT is pleased to announce that the EQT Real Estate II fund (`EQT Real Estate') has closed a forward funding agreement for the second phase of a major residential development in Flemingsberg, a rapidly developing hub for research, healthcare, and education in southern Stockholm. Together, the two phases represent an investment of nearly EUR 150 million.
About this update from Eqt Ab
[{"type":"list","items":[{"val":[{"type":"text","content":"EQT Real Estate is to deliver a build-to-rent residential campus in Flemingsberg, a fast-growing medical and educational district in southern Stockholm ","length":193,"tagName":"p"}]},{"val":[{"type":"text","content":"The development, which will be delivered in partnership with ByggVesta, will comprise more than 800 rental homes targeted at young professionals, researchers, and students, with the first homes expected to be completed in 2026","length":226,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":419,"olType":false},{"type":"text","content":"STOCKHOLM, April 30, 2025 /PRNewswire/ -- EQT is pleased to announce that the EQT Real Estate II fund (`EQT Real Estate') has closed a forward funding agreement for the second phase of a major residential development in Flemingsberg, a rapidly developing hub for research, healthcare, and education in southern Stockholm. Together, the two phases represent an investment of nearly EUR 150 million.","length":401,"tagName":"p"},{"type":"text","content":"The buildings, scheduled for delivery in 2026 and 2027, will bring a total of 805 modern rental apartments to a market with significant unmet housing demand. This latest commitment covers 388 homes and follows EQT Real Estate's initial investment in the development's first phase, comprising 417 apartments that were acquired in June 2024 and are currently under construction.","length":384,"tagName":"p"},{"type":"text","content":"The rental homes will serve young professionals, researchers, and students. The area is set to benefit from significant public and private investment, including the Stockholm South Business District, a new commercial center projected to bring 50,000 workers, residents, and visitors by 2050. The development is directly adjacent to Karolinska Institute and Södertörn University, and within walking distance of a major transit hub connecting Flemingsberg to central Stockholm in under 20 minutes.","length":495,"tagName":"p"},{"type":"text","content":"The properties will be developed in accordance with the Miljöbyggnad Silver ESG certification for residential assets in Sweden. Key sustainability features will include solar panels, social areas/lounges, and climate-compensated concrete.","length":238,"tagName":"p"},{"type":"text"...