Real Value Management

What Real Value Management does

Real Value Management AB is a Stockholm-based, partner-owned real estate advisory firm founded in 2013 that operates through two pillars: Real, which delivers asset management, transaction advisory, and property development services to institutional investors, property owners, and tenants; and Venandi, established in 2019 as a co-investment vehicle offering themed real estate exposures to investors seeking risk-adjusted returns. The firm manages a portfolio of long-duration mandates including Regio (since 2016, up to 104,336 sqm), DC Invest, Mjölby Logistics (74,535 sqm), and JV Hagabacken (~24,000 sqm), while operating specialised vehicles such as Vencura (social care properties, completed) and Vendus (supermarket retail).

The company's business model combines recurring asset management fees with transaction advisory and property development professional services revenue, supplemented by principal co-investment alongside clients to align interests. Go-to-market is relationship-driven, with personal outreach via named partners (CEO Jens Rastad, Asset Manager Emil Sjölund) and direct email contact. There is no technology platform, AI capability, or proprietary software disclosed; value creation relies on the partners' domain expertise, with documented track record metrics (107.9% IRR / 5.91x on Venandi Livs, 29.9% IRR on Vencura, 18% portfolio value uplift at Regio) serving as the primary commercial differentiator.

Beyond direct property mandates, the firm holds a small alternative investment portfolio — Hypex Bio (2021), Cubera X (2023), Jakt är jakt, and AGV Invest — providing diversified exposure for the partners and clients. The firm is independently partner-owned with no external PE/VC, operates only in Sweden, and is small enough (11–50 employees) that customer concentration risk on a handful of anchor mandates is the primary structural vulnerability.

Name

Real Value Management

Legal name

Real Value Management AB

Website

https://realvm.se

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Real Value Management AB is a Stockholm-based, partner-owned real estate advisory firm (founded 2013) that provides asset management, transaction advisory, and property development to Swedish investors and property owners through its Real and Venandi pillars.

Ownership category

akta.pro rank

Product category

Real Estate Asset Management

NAICS

Real Estate Property Managers (53131), Nonresidential Property Managers (531312), Portfolio Management and Investment Advice (523940), Other Activities Related to Real Estate (531390)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Real Estate Investment Management (Acquisitions & Dispositions) (BPAJAMAK)

akta.pro secondary industries

Real Estate Strategy & Portfolio Consulting (Corporate/Institutional) (BPAJANAB), Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

Keywords

• Real estate advisory
• Asset management services
• Transaction advisory
• Property development
• Real estate investment management

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. Asset Management Fees: Ongoing asset management services for property portfolios, including tailored arrangements and long-term commitment. They provide management functions including external CEO services for managed entities.
2. Transaction Advisory: Guiding clients through acquisition and divestment processes, identifying properties, driving through acquisitions and sales.
3. Property Development: Identifying and unlocking hidden values in properties, collaborating with experienced developers to achieve full property potential.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Real Value Management provides personal advisory and asset management services across real estate investments, transactions, and property development through two operational pillars: Real (advisory and asset management services guiding investors from acquisition through business plan implementation) and Venandi (themed investment offerings in hand-picked properties). The firm acts as an operating partner and co-investor alongside clients, delivering full-service support from concept to exit.

Product overview

Real Value Management operates through two main pillars: Real and Venandi. Real provides personal advisory services for real estate investments, including asset management, transactions, and property development. Venandi offers themed investment products for investors seeking real estate exposure with risk-adjusted returns. Under Venandi, there are investment themes including Vendus (supermarket properties) and JV Hagabacken (cash-flow focused properties). The company also manages subsidiary brands including Vencura (social care properties) and operates alternative investments in proptech and sustainability-focused companies including Hypex Bio, Jakt är jakt, Cubera X, and AGV Invest.

Differentiator

Problem solved

Functional benefit

Products and services

• Real (advisory and asset management pillar)
• Venandi (themed real estate investment offerings)
• Vencura (social care property subsidiary)

Quantifiable outcome

• 18% portfolio value increase for Regio since 2016
• +6 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered minor and core.

• VencuraminorStrategic or Co-development Partner · 1 January 2019Vencura was established with focus on social care properties (care homes, preschools, sheltered accommodation). Venandi provided management and representation. The mandate has been completed with property portfolio sold. Achieved 1.57x equity multiple and 29.9% IRR in approximately 2.5 years.
• VenduscoreStrategic or Co-development Partner · 1 January 2019Venandi acquires, manages and develops supermarket properties for Vendus, where majority of rental income is attributable to food operators/tenants. Vendus now owns the former Venandi Livs portfolio.
• RegiocoreStrategic or Co-development Partner · 1 January 2016Real Value Management has been appointed as asset manager for Regio in Mälardalen since 2016. Property portfolio has comprised up to 104,336 sqm. Value of property portfolio has increased by 18% since start.
• Hagabacken Fastighets ABcoreStrategic or Co-development PartnerVencura (Venandi) together with Hagabacken Fastighets AB started a joint venture. The company owns properties with approximately 24,000 sqm lettable area, primarily focused on cash flow.
• CoeliminorStrategic or Co-development PartnerReal Value Management managed a large portion of Coeli's real estate portfolio from spring 2019 to fall 2023. Mandate has ended.
• DC InvestcoreStrategic or Co-development PartnerReal Value Management provides management function including external CEO and participates in board work for DC Invest.
• Mjölby LogisticscoreStrategic or Co-development PartnerReal Value Management manages three large logistics properties with total area of 74,535 sqm LOA for Mjölby Logistics.
• MofastminorStrategic or Co-development PartnerMandate completed. Provided company management including external CEO from Q2 2020 to Q1 2021 and administered part of portfolio from Q1 2020 to Q2 2022. Renegotiations delivered additional annual rental value of approximately SEK 500K.

Scale indicators13 records

Recent moves6 records

Expansion highlights4 records

Regional players

• K2A Knaust & Andersson: Swedish real estate company focused on residential and community service properties, including care and senior housing. Comparable to Real Value Management's Vencura social care property focus, though structured as a listed property company rather than manager.

Broad incumbents

• Niam: Nordic real estate private equity firm managing core-plus and value-add funds across the Nordics. Comparable to Real Value Management's Venandi investment platform in structure and target market, but with substantially larger fund vintages.
• Newsec: One of the largest Nordic real estate asset managers and property advisors, operating broadly across asset classes and geographies. Highly comparable to Real Value Management's advisory and asset management business, but at much greater scale and with a broader service offering.
• Catella: Swedish-founded real estate investment management and advisory firm with Nordic property funds and advisory practices. Comparable to Real Value Management's combined advisory + principal investment model, though larger and more diversified.

Direct peers

• Areim: Swedish/Nordic real estate asset manager running multiple property funds with a focus on active management and value creation. Comparable operating partner model and Nordic footprint, with a larger but still focused fund platform.
• Wallfast: Swedish real estate investment company focused on thematic property investments and asset management. Comparable themed investment strategy and Swedish focus to Real Value Management's Venandi platform.
• Brunswick Real Estate: Swedish real estate investment and asset management firm with a similar combination of investment management and advisory services. Comparable to Real Value Management's Real/Venandi dual-pillar structure.
• Sveafastigheter: Swedish real estate investment management firm focused on Nordic value-add and core strategies, with a similar boutique model and theme-driven investment approach. Closest direct peer to Real Value Management in size and geographic focus.
• Genesta: Nordic real estate fund manager investing in office, retail, logistics, and residential strategies across the Nordics. Similar boutique fund manager profile and Nordic investment focus to Real Value Management.

Others

• AGV Invest: Swedish proptech-focused investor in which Real Value Management holds a stake. Included as an adjacent ecosystem participant given the partnership relationship and overlapping Nordic real estate focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/real-value-management-nordic-ab

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Real Value Management