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D. Carnegie & Co AB was a Swedish real estate company that owned, managed, and developed residential properties primarily in the Stockholm region and other growth areas in Sweden. The company focused on renovating and improving its existing housing stock. In 2019, after being acquired by Blackstone, D. Carnegie & Co AB was rebranded as Hembla AB. Subsequently, in late 2019 and 2020, Hembla AB was acquired by the German real estate giant Vonovia SE and has since been integrated into Vonovia's operations.
The headquarters served as the central administrative and strategic core for the company's property management, investment decisions, financial operations, and stakeholder relations.
Located on Strandvägen, one of Stockholm's most prestigious and scenic boulevards, offering a prominent business address. The specific internal features of their office are not widely publicized.
As a real estate investment and management firm, the culture likely emphasized financial performance, market analysis, property development expertise, and efficient operations. A focus on long-term value creation in residential properties would have been central.
The Stockholm headquarters was pivotal for overseeing its substantial portfolio of residential properties in Sweden's key urban centers and executing its growth and renovation strategies.
D. Carnegie & Co AB's operations were almost exclusively concentrated within Sweden. Its primary focus was on owning, managing, and developing residential properties in the Million Homes Programme areas, mainly in the Stockholm region and other growth cities in Sweden. It did not have a significant international operational presence as D. Carnegie & Co AB.
Strandvägen 5A
Stockholm
Stockholm County
Sweden
Address: Specific local/regional office addresses are not readily available post-acquisition.
To provide on-the-ground support and management for their residential portfolios outside the immediate Stockholm city center, ensuring efficient operations and tenant satisfaction in those specific municipalities.
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As of April 2025, D. Carnegie & Co AB' leadership includes:
D. Carnegie & Co AB has been backed by several prominent investors over the years, including:
The most significant changes involved the transition of leadership and board members following Blackstone's increased ownership and the subsequent full acquisition and rebranding to Hembla, and later Vonovia's takeover. Prior to the full takeover, there was a CFO change in 2018.
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As D. Carnegie & Co AB is no longer operating under this name, its original email domain (dcarnegie.se) is inactive. Common Swedish corporate email formats often include [first].[last]@[domain] or [firstinitial][last]@[domain].
[first].[last]@dcarnegie.se or [fl]@dcarnegie.se
Format
firstname.lastname@dcarnegie.se
Example
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Business Wire • October 7, 2019
D. Carnegie & Co. AB (publ) announced that the company has changed its name to Hembla AB (publ). The name change was resolved at the Extraordinary General Meeting on September 23, 2019, and has now been registered with the Swedish Companies Registration Office....more
Reuters • September 23, 2019
German real estate group Vonovia launched a recommended 215 Swedish crowns ($22.06) per share cash bid for Swedish landlord Hembla, valuing the company at around 19.9 billion crowns ($2.05 billion)....more
Blackstone Press Release (via various news outlets) • June 10, 2016
Blackstone Real Estate Partners Europe IV announced a recommended cash offer to acquire shares in D. Carnegie & Co., a significant move that eventually led to Blackstone taking full control and rebranding the company....more
D. Carnegie & Co. Press Release (via Cision/news aggregators) • August 1, 2018
The Board of Directors of D. Carnegie & Co has appointed Arvid Liepe new Chief Financial Officer (CFO). Arvid Liepe most recently comes from a position as CFO within the PE firm IK Investment Partners....more
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