Ontario Teachers’ Pension Plan signs first residential acquisition in Sweden through new partnership with Gordion

• Ontario Teachers’ has signed the acquisition of two newly built residential assets in Stockholm.
• The deal marks Ontario Teachers’ first residential acquisition in Sweden and the launch of a new joint venture with Gordion, Ontario Teachers’ local operating partner.
• The transaction reinforces Ontario Teachers’ long-term strategy to expand its real estate footprint across key European markets.

Stockholm, 4 June, 2025: Ontario Teachers’ Pension Plan Board (“Ontario Teachers’”) has signed agreements to acquire two newly built residential properties located in Nacka and Sollentuna, within the Greater Stockholm area. The assets comprise approximately 20,500 sqm of lettable area across 425 residential units and will form part of Ontario Teachers’ growing European residential portfolio upon completion of the transaction.

This marks Ontario Teachers’ first residential investment in Sweden and the inaugural transaction under its new joint venture with Gordion, a locally based residential platform focused on high-quality rental housing in Stockholm. This acquisition builds on Ontario Teachers’ growing real estate presence in the Nordics, following its recent logistics transaction across Sweden and Denmark. It also represents a key step towards building a resilient and diversified real estate portfolio across Europe, with a focus on building scale in residential markets with strong fundamentals and long-term demand.

Jenny Hammarlund, Senior Managing Director, Real Estate at Ontario Teachers’, said:

“This is a milestone investment for our real estate platform as we expand into Sweden’s residential sector. The acquisition aligns with our long-term goal of building a resilient, diversified housing portfolio in one of Europe’s most attractive urban markets. We’re pleased to be partnering with Gordion, whose deep local expertise complements our direct investment strategy and offers opportunities to create additional value through asset management.”

Samir Taha, CEO and Co-Founder at Gordion, said:

“We are very pleased to have completed our first transaction with Ontario Teachers’. This partnership brings together long-term capital and local operating expertise to invest in high-quality rental residential opportunities across Stockholm.”

About Ontario Teachers’

Ontario Teachers' Pension Plan Board (Ontario Teachers') is a global investor with net assets of $266.3 billion as at December 31, 2024. Ontario Teachers' is a fully funded defined benefit pension plan, and it invests in a broad array of asset classes to deliver retirement security for 343,000 working members and pensioners. For more information, visit otpp.com and follow us on LinkedIn.

About Gordion

Gordion is a real estate investment and operating partner focused on sourcing, executing, and managing opportunities across all asset classes in the Swedish market. The firm provides full-cycle capabilities, including strategy, acquisitions, financing, asset management, and dispositions, for both domestic and international investors. Leveraging deep market expertise, strong local networks, and a co-investment model, Gordion delivers aligned, execution-focused solutions across on- and off-market transactions.

Contact details

Ontario Teachers’
Henrietta Dehn/ Alisha Prakash
media@otpp.com

Gordion
Samir Taha / Anna-Carin Telin
samir.taha@gordioncapital.com / anna-carin.telin@gordioncapital.com