CBRE Investment Management has put equity to use from one of its funds into a residential asset in Täby, Greater Stockholm, Sweden, from local developer, Aros Bostadsutveckling.
The newly built asset comprises 102 residential units, totalling 7,529 m2 with each unit approximately 74 m2. The building is expected to attract families for the area’s waterfront location and beachside, as well as sports facilities, care services and schools.
It is hoped to achieve a BREEAM Excellent, the Swan Ecolabel, Miljöbyggnad (MB), or similar categorization.
Jenny Nygren, transactions manager Nordics, at CBRE IM, said: ‘Rental growth is expected to remain strong in Stockholm, underpinned by continued population growth, a persistent supply-demand imbalance and consequent low vacancy rates.’
Jenny Tuleby, head of transactions and investment operations, Nordics, said the deal was is in line with the strategy to grow its portfolio of mid-market residential assets in the Nordics and across Europe.
