EQT Real Estate Partners with ByggVesta for Sustainable Residential Development in Flemingsberg, Stockholm

EQT Real Estate Partners with ByggVesta for Sustainable Residential Development in Flemingsberg, Stockholm

(IN BRIEF) EQT Real Estate has entered a forward funding agreement with ByggVesta for the second phase of a major residential development in Flemingsberg, southern Stockholm. The project, set to include 805 rental homes, is designed for young professionals, researchers, and students, with completion expected in 2026 and 2027. The development aims to address the area’s housing shortage while promoting sustainability with features like solar panels and climate-compensated concrete. Flemingsberg, a growing hub for education, healthcare, and research, will benefit from investments like the Stockholm South Business District, making it a strategic location for new housing. The partnership with ByggVesta will ensure the timely delivery of high-quality, energy-efficient homes in this dynamic area.

(PRESS RELEASE) STOCKHOLM, 1-May-2025 — /EuropaWire/ — EQT Real Estate, through its EQT Real Estate II fund, has entered into a forward funding agreement for the second phase of a significant residential development project in Flemingsberg, a rapidly expanding hub in southern Stockholm, known for its strong medical, research, and educational sectors. The project, in partnership with ByggVesta, will consist of more than 800 rental homes, catering specifically to young professionals, researchers, and students. The first batch of homes is slated for completion by 2026.

This forward funding agreement follows EQT Real Estate’s initial investment in the first phase of the project, announced in June 2024, which involves 417 apartments and is currently under construction. The total investment for the two phases amounts to nearly EUR 150 million, with the second phase contributing 388 homes. The development aims to address the significant unmet housing demand in the area and will be delivered in two phases: the first in 2026 and the second in 2027.

Flemingsberg, located in close proximity to Karolinska Institute and Södertörn University, is positioned to become a key area within Stockholm’s expanding medical, research, and educational landscape. The area will also benefit from large-scale investments, including the Stockholm South Business District, a new commercial center expected to bring in 50,000 workers, residents, and visitors by 2050. The site offers excellent connectivity to central Stockholm, with a major transit hub within walking distance, providing a direct link to the city center in under 20 minutes.

The development will be built to Miljöbyggnad Silver ESG certification standards, ensuring it meets high sustainability benchmarks. Features include solar panels, climate-compensated concrete, and social spaces for residents. The project will be completed in close collaboration with Huddinge Municipality and Södertörn University, with ByggVesta remaining an integral partner in the construction.

Erik Körner, Investment Director in EQT Real Estate’s advisory team for the Nordics, expressed the firm’s enthusiasm for the project, emphasizing that the development will create homes that are energy-efficient, well-designed, and accessible. The strategic location in Flemingsberg, with its strong growth trajectory, makes the development an ideal fit for EQT’s long-term investment goals.

Tom Livelli, Partner in EQT Real Estate’s advisory team and Head of Living Strategies for Europe, highlighted the project as part of EQT’s ongoing commitment to addressing Europe’s housing challenges. With a growing housing shortage in Stockholm, this development is designed to meet the needs of residents in a thriving urban area, supporting the creation of sustainable, connected communities.

About EQT Real Estate

EQT is a purpose-driven global investment organization with EUR 273 billion in total assets under management (EUR 142 billion in fee-generating assets under management), divided into two business segments: Private Capital and Real Assets. EQT supports its global portfolio companies and assets in achieving sustainable growth, operational excellence, and market leadership. Within EQT’s Real Assets segment, EQT Real Estate acquires, develops, leases, and manages logistics and residential properties in the Americas, Europe, and Asia. EQT Real Estate owns and operates over 2,000 properties and 400 million square feet, with over 440 experienced professionals across 50 locations globally.

More info: www.eqtgroup.com
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Media Contact:

EQT Press Office, press@eqtpartners.com

SOURCE: EQT AB