The EQT Real Estate II fund, managed by EQT, has closed a forward-funding agreement for the second phase of a major residential development in Flemingsberg, Sweden, a rapidly developing hub for research, healthcare and education in southern Stockholm. Together, the two phases represent an investment of nearly €150 million ($170 million).
The buildings, scheduled for delivery in 2026 and 2027, will bring a total of 805 modern rental apartments to a market with significant unmet housing demand. This latest commitment covers 388 homes and follows EQT Real Estate's initial investment in the development's first phase, comprising 417 apartments that were acquired in June 2024 and are currently under construction.
The rental homes will serve young professionals, researchers and students. The area is set to benefit from significant public and private investment, including the Stockholm South Business District, a new commercial center projected to bring 50,000 workers, reside
