Schroders Capital has closed a €77m construction loan for the development of a mixed-use real estate scheme in Barkarbystaden, Järfälla municipality, Greater Stockholm.
The loan will support the delivery of 377 homes, commercial units, and a 144-space underground car park, underscoring Barkarbystaden’s position as one of Northern Europe’s largest and fastest-growing urban development areas.
Schroders’ private debt and credit alternatives (PDCA) team structured the loan as a club deal managed by Kinnerton Capital, acting as local credit manager, with co-investment from Schroders Capital alongside Kinnerton-advised funds. The project will deliver high-quality, socially sustainable housing and commercial facilities, Schroders said.
Additionally, in line with Kinnerton’s responsible investment framework, the development will meet Article 8 SFDR requirements and carry a Swedish Svanen environmental classification.
The Barkarbystaden project is being delivered by Titania Holding, a public company listed on Nasdaq First North, and is due to home 30,000 new residents and thousands of new service-sector jobs in modern and innovative office environments, as well as a new metro station adjacent to the project which is scheduled for completion by the end of 2027.
Daniel Younis, head of European real estate debt, Schroders Capital, said: “We are delighted to partner with an outstanding sponsor and excellent co-lenders on this transformative project supporting Stockholm’s suburban growth. Following several successful deals in the European commercial real estate (CRE) debt space this year, we’re delighted to build momentum and further grow our presence in the region; this transaction exemplifies our commitment to bolstering housing supply in underserved markets, while expanding our footprint in the Nordics.
“The development’s focus on quality, sustainability, and community are important value drivers – enabling the opportunity to deliver attractive risk-adjusted returns for our investors alongside positive social outcomes.”
Via its PDCA team, Schroders Capital is intent on expanding its European CRE debt lending footprint across the Nordics, Germany, and the Netherlands. Schroders said this latest funding follows a string of transactions this year, most recently a senior construction loan for 133 townhouses in Denmark, as well as a mezzanine loan on a residential complex in Greater Copenhagen.
It also marks the third CRE loan sourced by Kinnerton for Schroders Capital’s strategies that incorporate pan-European real estate debt.
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