Realia Group strengthens its international business by acquiring Swedish real estate management services company Hestia

2017-03-08

Realia Group, the largest service provider in real estate management and brokerage services in the Nordic countries has acquired the Swedish real estate management services company Hestia. The acquisition is part of Realia Group’s growth strategy and supports Realia Group’s plan to expand its international real estate management services to other Nordic countries.

Hestia, founded in 2007, operates in Sweden, Norway and Finland providing services in property management and corporate real estate management serving property investors, user-owners and tenants. The core of the company is strong expertise, personal service, and an emphasis on customer experience. Hestia employs approximately 170 people in 30 localities.

”Realia Group has a strong growth strategy and the acquisition supports in an excellent way our plan to expand our real estate management services in the Nordics. For Realia Group, 2016 was a year of rapid growth and I am confident that the acquisition strengthens our competitiveness as a provider of real estate management services,” says Matti Bergendahl, CEO of Realia Group.

”Expanding our business after Finland and the Baltic countries to the other Nordic countries, and especially to Sweden is and a significant step that makes Realia Group a strong partner for our clients in the Nordic area. We are very happy that Hestia, a company with excellent services and good reputation, is joining forces with Realia Group, continues Bergendahl.

I am really pleased that we are joining forces with Realia Group. We will now have an access to new markets and at the same time we can continue as the flexible and customer centric partner for our existing customers. We become a much stronger service provider for customers that operate on the Nordic and Baltic markets,” says Gunnar Isaksson, CEO of Hestia.

Hestia will operate as Realia Group’s Swedish subsidiary and continue its operations as before. All services for Hestia’s customers will continue as before and be further strengthened in the future.

For further information, please contact:
Realia Group Oy, Matti Bergendahl, CEO, +358 40 833 5461
Hestia Fastighetsförvaltning AB, Gunnar Isaksson, CEO, +46 (0) 73 357 26 26

Realia Group

Realia Group is the biggest service provider in real estate management and real estate brokerage services in Nordic and Baltic countries. Realia Group consists of Huoneistokeskus, SKV Kiinteistönvälitys, Huom! Huoneistomarkkinointi, Realia Isännöinti, and Realia Management in Finland, and Ober-Haus in Baltic countries. Annual revenues of Realia Group is approximately 100M€, and the Group employs some 1,900 persons. www.realiagroup.fi

Hestia

Hestia, founded in 2007, is the first real estate management company in Sweden to combine competence, openness and flexibility. The core of the company is strong expertise, personal service, and an emphasis on customer experience. Hestia employs approximately 170 people in 30 localities. www.hestia.se

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