History of Sveafastigheter
Sveafastigheter was founded in 2003 with the aim of offering
institutional investors access to indirect real estate investments
on the Swedish market. The first fund, Sveafastigheter Sverige I,
launched in 2003, was the first major real estate fund on the
Swedish market. The focus of Sveafastigheter Sverige I was to
capitalize on spread investing opportunities arising from the
difference between financing rates and property yield levels, and
focus assets were stable, high-yielding properties in good
locations in regional cities.
In 2006 when we launched our second fund, Sveafastigheter Fund II,
the market environment differed significantly from 2003. Due to the
large interest in the property market at the time and the fact that
yields had compressed significantly, we had taken the decision to
divest approximately two thirds of our holdings in the first fund.
We still saw opportunities in off-market sourced transactions as
well as in selected segments of the Finnish property market. The
investment period for Sveafastigheter Fund II was closed in June
2009.
In February 2011 Sveafastigheter closed its third fund -
Sveafastigheter Fund III. The fund has equity commitments of EUR
317 million and will focus on property acquisitions in the
countries around the Baltic Sea, primarily Sweden and Finland. The
fund's investment strategy is opportunistic with a value-added
approach to asset management.
Sveafastigheter is an independent private equity company owned by
management and founders.