Sveafastigheter, Scius team up to search for Nordic opportunities

Nordic private equity group Sveafastigheter has entered into a co-operation agreement with Scius Partners regarding sourcing, execution and management of opportunistic property investments in the Nordic and Baltic markets.

Scius will work exclusively with the Sveafastigheter team on investments in the value-add to opportunistic space in the Nordic and Baltic property markets. Scius will continue its assignments in other segments of the property market. The agreement initially runs until the end of June 2012, but both parties are open to developing the co-operation beyond that. The three partners of Scius will strengthen Sveafastigheter within Accounting, Tax and Investor Relations (Per Johannesson) and Investment Management (Joen Siggelin and Mikael Freudmann).

'We continuously look to strengthen our organisation. Johannesson, Siggelin and Freudmann will contribute, in the short term, greatly to the investment activities of our third fund and hopefully, in the long term, to the development of our business,' said Simon de Château, partner and CEO of Sveafastigheter.

Sveafastigheter is a leading Nordic private equity firm focusing solely on real estate investments. The first opportunistic real estate fund, Sveafastigheter Sverige I, was launched in 2003. In 2006 Sveafastigheter launched its second fund Sveafastigheter Fund II, and Sveafastigheter Fund III was closed in February 2011 with EUR 317 mln in total commitments, which makes it one of the largest European real estate funds closed in 2011.

Sveafastigheter is based in Stockholm with offices in Helsinki and Malmö.