Realia Group strengthens its international business by acquiring Swedish real estate management services company Hestia
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
Latest news
All news
“e-market city” completes its second phase – the development of a modern “stock office” type shopping town continues
"e-market city", an online and wholesale shopping town located in a business-friendly location at the intersection of Eišiškių pl. and Geologų Street, is rapidly approaching the end of its second phase. The final construction works are currently underway and the first tenants of the new phase are preparing to move in as early as June-July. "The predominant floor areas of e-market city - ranging from 370 to 960 m² - are easily combinable and adaptable to a wide range of commercial activities. Existing and potential tenants appreciate the easy accessibility, high quality of construction and fitting-out, functional layout and solid neighbourhood, where well-known companies such as Assa Abloy, Dextera, Skuba, Skuba, Maidina, Šildymas plius, YE International, etc. are already located. The first phase is already 100% leased, while the second phase is still available - we invite you to get in touch", says Remigijus Valickas, Commercial Real Estate Projects Manager at Ober-Haus. The project is being developed in three phases on an area of 3.9 ha. The total area of the buildings will exceed 20,000 m² and the total investment in the project will amount to more than EUR 25 million. For more information about the project and leasing opportunities,…
The recovery of a very strong-looking housing market may slow down
The Ober-Haus Lithuanian apartment price index (OHBI), which follows changes in apartment sale prices in the five biggest Lithuanian cities (Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys) increased by 0.5% in March 2025. The annual apartment price growth in the biggest cities of Lithuania was 4.3% (a 4.1% increase was recorded in February 2025). In March 2025 apartment prices in Vilnius, Kaunas, Šiauliai and Panevėžys increased by 0.4%, 1.3%, 0.4% and 0.2%, respectively, with the average price per square meter reaching EUR 2,680 (+10 EUR/sqm), EUR 1,846 (+24 EUR/sqm), EUR 1,172 (+4 EUR/sqm) and EUR 1,149 (+2 EUR/sqm). In the same month, apartment prices in Klaipėda decreased by 0.1% and the average price per square meter dropped to EUR 1,752 (-2 Eur/sqm). In the past 12 months, the prices of apartments increased in all the biggest cities in the country: 3.3% in Vilnius, 5.6% in Kaunas, 5.4% in Klaipėda, 6.5% in Šiauliai and 6.4% in Panevėžys. "At the beginning of 2025, the country's housing market is showing impressive results. After a very strong growth in housing transactions in January and February this year, the increase in the number of transactions continued in March. According to the data of the State Enterprise…
Housing market has woken up, but no faster price growth yet
The Ober-Haus Lithuanian apartment price index (OHBI), which follows changes in apartment sale prices in the five biggest Lithuanian cities (Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys) increased by 0.4% in February 2025. The annual apartment price growth in the biggest cities of Lithuania was 4.1% (a 4.0% increase was recorded in January 2025). In February 2025 apartment prices in Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys increased by 0.3%, 0.1%, 0.8%, 0.8% and 0.9%, respectively, with the average price per square meter reaching EUR 2,670 (+7 EUR/sqm), EUR 1,822 (+2 EUR/sqm), EUR 1,754 (+13 EUR/sqm), EUR 1,168 (+10 EUR/sqm) and EUR 1,147 (+10 EUR/sqm). In the past 12 months, the prices of apartments increased in all the biggest cities in the country: 3.2% in Vilnius, 4.1% in Kaunas, 6.2% in Klaipėda, 6.6% in Šiauliai and 6.7% in Panevėžys. ‘As predicted, a rapid annual growth in the number of housing transactions is recorded at the beginning of 2025. According to the data of the State Enterprise Centre of Registers, 40% more apartments were purchased in the country in January this year and 39% more in February this year than in the same month in 2024. It should be noted that in the…
All news