CapMan Real Estate has acquired a 262-unit multifamily housing project in Greater Stockholm that will be developed by Swedish residential developer Reliwe.
CapMan will forward fund the development via its third value-add fund CapMan Nordic Real Estate III.
The project, located in Handen, comprises 12,119sqm of lettable area and is expected to be completed in Q2 2028.
The development has been designed to meet ambitious sustainability standards and will feature BREEAM In-Use and Miljöbyggnad Silver certifications, a minimum EPC rating of B, onsite renewable energy through solar panels, while also targeting EU Taxonomy alignment, CapMan said.
Pontus Danielsson, investment manager at CapMan Real Estate, said: “This acquisition marks another important milestone in scaling our residential strategy in Stockholm. We look forward to continuing our partnership with Reliwe and Consto by delivering another high-quality project together. They are trusted partners to us, bringing deep local expertise and a proven track record.”
Magnus Berglund, partner and head of Sweden and Norway at CapMan Real Estate, added: “We continue to actively pursue compelling opportunities for both our value-add funds and our core residential fund. Our deal pipeline remains robust, and we find the current market timing particularly favourable for deploying capital into sustainable high-quality residential investments in the Nordic capital cities.”
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