EQT Real Estate acquires residential project in Stockholm
EQT has acquired 70% of the shares in Portgås Fastighets AB which indirectly owns a site with planning permit for a residential scheme containing 146 studio apartments.
The site is located next to Roslags-Näsby commuter train station, in the Stockholm suburb of Täby. Construction is scheduled to commence during the second quarter of 2017. The apartments will be offered to end users through a tenant owner’s association.
The transaction marks the initiation of a programmatic platform for additional residential transactions in Sweden.
EQT Press Office, +46 8 506 55 334
EQT is a leading global private equity group with approximately EUR 30 billion in raised capital. EQT Funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 15 billion and approximately 100,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.
Investment Advisor EQT Partners formed a real estate initiative in 2015, to identify investment opportunities in the real estate sector. The Real Estate team consists of 11 investment advisory professionals with vast experience in the European real estate sector.
More info: www.eqtpartners.com