The Ontario Teachers’ Pension Plan (OTPP) has entered the Swedish multifamily market with an agreement to acquire two newly built properties encompassing 425 rental residential units. The deal, in joint venture with the Sweden-based investment manager, Gordion, aligns with OTPP’s plans to build its European residential portfolio and explore investment opportunities in the Nordics.

“This is a milestone investment for our real estate platform as we expand into Sweden’s residential sector,” says Jenny Hammarlund, the pension plan’s senior managing director, real estate.

“We are very pleased to have completed our first transaction with Ontario Teachers’,” adds Samir Taha, Gordion’s chief executive officer and co-founder. “This partnership brings together long-term capital and local operating expertise to invest in high-quality rental residential opportunities across Stockholm.”