Address, an impact-focused Norwegian real estate startup, working on making homeownership more accessible for people with its Rent-to-Own program, is glad to announce a strategic partnership in Sweden with Navian, the 2023 Nordic PropTech Awards winner.
This partnership signifies a shared commitment to addressing the housing affordability challenge, by redefining how individuals finance, invest in, and gain access to real estate in the Swedish market. It represents a significant leap toward enhancing accessibility to property investments and modernising the real estate landscape.
Address has developed an independent user-centric rent-to-own program, to be scaled with its upcoming residential real estate fund, including a customer-focused digital solution that seamlessly integrates technology with its concept. The solution will simplify the transition from renting to owning a home of their customer’s choice. This innovative approach aligns perfectly with Navian's vision of offering property investors and developers innovative real estate development solutions that cater to their evolving needs.
"Address's innovative approach to Rent-to-Own solutions has captured our attention, and we are excited to join forces with them," said Sergey Kazachenko, CEO at Navian. "By combining Navian's network and real estate expertise with Address's visionary technology, we are poised to reshape the real estate landscape in the Nordics, providing a more streamlined and empowering experience for those looking to invest in real estate."
Through this partnership, Navian and Address are dedicated to driving positive change and taking social responsibility in the Swedish real estate market by making homeownership more accessible. Address's pioneering Rent-to-Own platform provides a unique opportunity to property investors to generate stable financial returns combined with social impact, while property developers get access to an institutional partner as part of their housing development financing structure.
" What drew us to Navian was their innovative approach to real estate development solutions and their shared dedication to making an impact. By combining Navian's extensive network and real estate expertise with our pioneering solutions, we are making it possible to scale our solution in Sweden efficiently, addressing the pressing need for new home purchasing and development solutions in the Nordics" said Nedim Mavric, Co-founder, and CEO of Address.
"Our collaboration goes beyond technology and investment. It's about social responsibility, positive change, and tangible impact. It's about addressing a megatrend, which is declining housing affordability, in a very large market - residential real estate", concluded Nedim Mavric.
About Navian:
Navian, founded in Stockholm 2020, is the market’s first digital platform that connects each stage of the real estate development journey, offering you the services needed to make property investment and development more efficient, simplified and accessible to all. Their vision is to open the door to new ways of developing and investing in real estate for private and institutional investors, small and medium-sized developers, and other real estate service and tech providers.
