Sveafastigheter’s second fund established with SEK 1.2 billion equity

A final closing was carried out in Sveafastigheter Fund II on June 30 after Sveafastigheter had received investor commitments totalling the maximum amount of SEK 1.2 billion. Swedish institutional investors have committed to investing a total of SEK 705 million, foreign institutional investors SEK 130 million and the remainder, SEK 365 million, is made up of commitments from private investors, of which SEK 110 million from the founders of Sveafastigheter.

Investors that provided 99 per cent of the equity capital in Sveafastigheter’s first fund, Sveafastigheter Sverige I, have committed to invest at least equally large amounts in Sveafastigheter Fund II. In total, investors in the first fund have committed to investing SEK 761 million in the second fund.

Since Sveafastigheter Fund II was launched in April 2006, properties worth SEK 1,8 billion have been carried out in Sweden and Finland. The intention is to acquire properties with a total underlying value of approximately EUR 1 billion in the coming years.

Unlike Sveafastigheter Sverige I, which invested exclusively in developed properties in Sweden,
Sveafastigheter Fund II will also carry out acquisitions outside of Sweden and take part in development
projects.

– It is very inspiring that investors show their faith in us and our business model. Not only is it pleasing that all major investors from the first fund are happy with our performance and therefore invest with us again, but also that we have been successful in attracting new investors in Sweden and internationally. We have so far kept a high pace in our business activities and we intend to continue doing so now that the capital raising for the second fund is finished, says Simon de Château, CEO of Sveafastigheter.