BauMont Real Estate Capital is joining forces with SBF Fonder to invest up to SEK6bn (€550m) in residential real estate in the Stockholm region.
BauMont, a real estate private equity firm majority-owned by M&G Investments, sees a “compelling opportunity” in the Swedish residential market, according to partner Olivier Vellay.
“The current market environment offers an attractive entry point, with opportunities to generate attractive risk-adjusted returns through selective repositioning strategies,” he commented.
The transaction marks BauMont’s first venture into the Swedish residential sector.
The new strategy will cover the entire value chain — from sourcing and acquisition to property management, asset management and reporting — with a value-add approach. It is expected to be deployed through an initial investment phase of up to SEK 2bn, with the potential to scale the partnership to three times that amount.
The strategy will focus on acquiring rental properties and unsold units, including units in new developments, with value creation driven by active asset management, selective repositioning and disciplined execution throughout the investment lifecycle.
In a statement, SBF said that the deal reflects the firm’s ambition to diversify its investor base and is in line with its strategy to grow assets under management to SEK10bn. “In a rental market where the cost of home ownership is, in many cases, lower than rental levels, there is a clear opportunity for investors capable of executing active, value-enhancing strategies while enabling tenants to take the step into homeownership,” said Johan Rosén, CIO of SBF Fonder.
Get all the latest info on completed deals, new properties to market, completed loans and funds brought to market in the list below.
| Recently completed deals | |||||||
|---|---|---|---|---|---|---|---|
| Asset | Asset type | Location | Buyer | Vendor | Size | Price (mln) | Key facts |
| five UK logistics distribution centres | logistics | UK | ICG Real Estate | Equites Property Fund | 997,982sqft | £200 (€230) | The portfolio was sold at a 5.5% yield. |
| St Pancras Way | living | London | USAF | Unite | 571-beds | £186 (€214) | Unite is selling the asset in exchange for a larger stake in the fund. |
| three assets | hotel | Spain | Calena Partners | HIP | 900 rooms | €200 | The properties are Barceló Ponent Beach and Fergus Style Tobago, both in Mallorca, and Corallium Beach by Lopesan in Gran Canaria. |
| Vintners Place | office | London | Castleforge | JPMorgan | 274,175sqft | £110 (€127) | The building was roughly 60% let to tenants including Sumitomo Corporation and Tata Communications when brought to market. |
| nine affordable rental housing building | living | Spain | Alas Invest fund | Salas Foundation | 643 homes | €102 | The properties are located in Madrid and Catalonia. |
| South Harbour property | living | Copenhagen | KLP | Patrizia | 12,500m2 | €92 | The transaction sets a new record low yield in this market cycle, according to the advisor CBRE. |
| Los Cubos | office | Madrid | ATREA Real Estate | Henderson Park | 19,600m2 | €91 | The office building is 84% let. |
| Asos’ former Staffordshire fulfilment centre | logistics | Lichfield, England | M&S | Asos | 437,000sqft | £67.5 (€78) | The site has been earmarked for an M&S fully-automated fashion distribution centre. |
| nine community properties | mixed | Sweden | Episurf | Botrygg | 31,000m2 | €77 (SEK845) | The portfolio comprises nine community properties, including Linköping Arena (Kallerstad Arena) and the schools Klaragymnasiet and Arenaskolan. |
| Radisson Collection Gran Vía Bilbao | hotel | Bilbao | Invesco, Sprea | Hotei Properties | 137 rooms | €42 | The vendor has sold its last property in Bilbao with the transaction. |
| Hodge House | office | Cardiff | Sevencitiesldn | Legal & General | 110,000sqft | £30 (€35) | The acquisition is the first for SevenCitiesLdn which is looking to drive deal flow for added value commercial property assets. |
| resi portfolio | living | Copenhagen | Pears Global Real Estate Denmark | KKR and Fokus Nordic | 213 apartments | NA | KKR acquired the package in 2021 for its Partners Europe II fund. |
| Vreten 17 | office | Stockholm | Trifam Fastighets AB | CapMan Real Estate | 6,550m2 | NA | The property is fully let to Avarn Security, which occupies the building as its headquarters under a long‑term lease. |
| two multi-let properties | logistics | Delmenhorst and Essen, Germany | Troveinvest, Greykite | NA | 50,000m2 | NA | Lagerhome has a total gross asset value of over €300m, comprising 35 properties across Germany, Sweden and the UK. |
| Wakefield Europort site | logistics | West Yorkshire, UK | Panattoni | Delin Property | 23 acres | NA | Panattoni will deliver a 500,000sqft speculative cross-docked logistics and warehousing development on the site. |
| rental home portfolio | living | Eindhoven, The Netherlands | CBRE Investment Management | Breevast | 475 homes | NA | CBRE Investment Management is making the purchase on behalf of ABP Pension Fund. |
| Building A in the Bonarka for Business centre | office | Kraków, Poland | Proton Property | Revetas Capital | 8,300m2 | NA | The sale forms part of Revetas’ ongoing portfolio management strategy for Bonarka for Business. |
| logistics facility | logistics | Wolverhampton, UK | Arrow Capital, Cerberus | Nationworld | 304,000sqft | NA | The site, located near Junction 10 of the M6, is fully let to BJS Distribution Storage and Couriers. |
| Pasaż Łódzki | retail | Lodz, Poland | Crestpoint Capital Partners | Stage Capital | 36,400m2 | NA | The asset is almost fully let and anchored by Auchan. |
| Assets on the market | |||||||
|---|---|---|---|---|---|---|---|
| Asset | Asset type | Location | Vendor | Size | Price (mln) | Broker | Key facts |
| Metrocentre | retail | Gateshead, UK | The Metrocentre Partnership | 2,000,000sqft | £500 (€578) | Knight Frank | The sales price reflects a day-one yield in excess of 8%. |
| Toko | mixed | Paris | DWS | 7,500m2 | €110 | NA | The investment manager acquired the asset in 2020. |
| The Greenwich Estate | mixed | London | Greenwich Hospital | NA | £80 (€92) | NA | It is the first time the estate has been offered to the market since its construction in the 1800s. |
| Esplugues Campus | life science | Barcelona | Conren Tramway | 18,000m2 | €60-65 | CBRE, JLL | The asset has been repositioned from a former Braun industrial site into an office and laboratory campus targeting pharmaceutical and technology occupiers. |
| 1-3 Upper James St | mixed | London | Topland | 26,285sqft | £35 (€40) | JLL and Knight Frank | The sale reflects a 5% net initial yield. |
| 120 Edmund Street | office | Birmingham | Credit Suisse AM | 140,000sqft | NA | NA | The property previously housed HSBC’s former Birmingham offices. |
| Recently completed loans | ||||
|---|---|---|---|---|
| Lender(s) | Borrower(s) | Asset(s) | Loan Size (mln) | Key facts |
| AIB, Barclays, HSBC and NatWest | Grainger | Unsecured | £540 (€623) | The refinancing to 2033 is at a lower marging driving roughly £1m in savings. |
| Aareal Bank | Pandox | 13 European hotel assets | €406 | The portfolio comprises 3,458 rooms across eight major European cities. |
| Värde Partners | NA | logistics facility in Germany | €275 | The purpose-built German logistics facility is leased long-term to Amazon. |
| Barclays | Edmond de Rothschild REIM | five income-producing BTR schemes across the UK | £180 (€208) | The green loan refinances 1,856 apartments owned by the firm’s Edmond de Rothschild Residential Investment Fund. |
| G City, Gazit Europe | Citycon | Unsecured | €200 | The final repayment date of the loan facility is 15 February 2028. |
| AIB | MHL Hotel Collection | four hotels in Dublin, Galway and Limerick | €190 | The refinance includes an increase of €70m, of which €50m is green finance specific to the College Green Hotel, Limerick Strand Hotel and Trinity City Hotel. |
| Bond investors | Intershop Holding AG | The Valley and Motorworld Manufaktur Region Zurich | CHF125 (€136) | The fixed-rate bond carries a coupon of 1.2175% and a term of five years. |
| Natixis CIB, Generali Real Estate SGR | La Compagnie de Phalsbourg | Hotel Sax in Paris | €102 | The refinancing facility has a five-year loan. |
| Swedbank | Realco | Vilnius office | €67 | The borrower will use the financing to redeem bond issued for the building’s construction. |
| Morgan Stanley | Hillwood | two logistics developments in Germany | €55 | The development loan will support the delivery of 62,500m2 of warehouse space. |
| New mandates/JVs and funds on the market | |||
|---|---|---|---|
| Firm | Fund/mandate/JV | Strategy | Details |
| Mitiska REIM, HeyLager | Self storage development JV | Scaling the HeyLager platform across Germany in the coming years | The joint venture aims to develop an additional 15 to 20 sites in Germany over the next two years, with a plan to increase sites to 50 facilities. |
| L&G | L&G’s Built-to-Rent fund | Delivering purpose-built rental housing across Scotland. | The Scottish National Investment Bank has committed £50m of equity to the fund. |
| SBF Fonder, Baumont | Stockholm living investment JV | Investing in residential properties in Stockholm | The collaboration initially involves the acquisition of residential properties in the Stockholm region valued at SEK 2bn, and potentially SEK 6bn at a later stage. |
| Newcore Capital | Newcore Strategic Situations VI | Investing in UK social infrastructure in sectors including healthcare, education, childcare, transport, waste management, energy and storage. | The first closing means that NSS VI immediately has £150m (€173m) of investment capacity to deploy. |
| Starlight Investments | Starlight UK Build-to-Rent Fund II | Delivering BTR assets across the UK | The funding arm of the UK government’s housing agency has committed to a phased investment of £100m (€115.2m) into Starlight Investments’ build-to-rent (BTR) fund. |
| BNP Paribas Asset Management Alts | Enhanced Commercial Real Estate (CRE) Debt fund | Targeting a loan portfolio with ticket sizes between €50m and €500m, focused primarily on the UK, Germany and France, with further allocations across Southern Europe, Benelux and the Nordics. | The fund has secured €3bn in capital commitments. |
| Proudreed, CPP Investments | French last mile urban logistics asset | Developing and investing in last-mile logistics in France | CPP Investments has provided €400 of equity, taking a significant minority interest in the platform. |
| Phoenix Group, DC Max | European data centre partnership | Creating a scalable, long-term infrastructure platform capable of delivering AI-ready capacity at speed across key European markets | The partners have bought the site for their first European AI data center, an 18MW facility in Lyon, France. |
