CapMan Residential Fund acquires the forward funding project from the Swedish developer Serneke at a price of €29.8m (SEK 314m). The scheme will offer 139 apartments scheduled for completion in Q4-2024. The project, situated in the new urban area Tamarinden, is located 2 km to the south of central Orebro, Sweden’s sixth-largest city. The project has high sustainability ambitions and a clear green profile which includes onsite solar collector systems and rainwater collection areas for re-cycling rainwater within the local green areas. The project will pursue Miljobyggnad green building certification at Silver level.
“This first acquisition in Sweden fits very well with the fund’s investment criteria to invest in modern sustainable residential properties located in major Nordic cities. Through this investment in space-efficient, high-quality apartments, we continue on our path to develop a diversified Nordic core residential rental portfolio with stable risk-adjusted returns for our investors,” says Mikael Hjorth, Partner and Fund Director for CapMan Residential Fund.