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Thursday, 28.03.2024, 10:39
Ober-Haus parent Realia Group buys Swedish real estate company Hestia
The acquisition is part of the Realia Group’s growth strategy and plan to expand its real estate management operations also other Nordic countries.
Hestia, established in 2007, operates in Sweden, Norway and Finland, providing real estate management and brokerage services to investors, property owners and tenants. Hestia employs around 170 people.
Hestia will be operating as the Realia Group’s Swedish subsidiary and will carry on with its operations like before.
Realia Group unites companies involved in the provision of real estate management and brokerage services in Finland and the Baltic states. The services are being provided through Realia Isannointo, Realia Management and Huoneistokeskus, Huoneistomarkkinointi and SKV Kiinteistonvalitys in Finland and Ober-Haus Real Estate Advisors in the Baltic states.
In June 2016, Realia Group was acquired by Altor Fund IV (Altor). The Nordic fund purchased the group from its previous owners – Sponsor Fund III, Nordea and Varma.
Realia Group Oy employs nearly 2,000 people in Finland, Estonia, Latvia, Lithuania and Poland, which makes it’s the largest real estate company in Central and Eastern Europe. The group’s annual turnover exceeds EUR 100 mln.