CapMan Residential Fund acquires a forward funding project in Ursvik, Sundbyberg. The project is situated 10km north of Stockholm city centre and comprises 289 rental apartments, an underground parking garage with 85 parking spaces and two small commercial premises.
The project is acquired from Reliwe, and the development and construction will be managed by Reliwe and Consto with expected completion in early 2027.
The asset will be certified with BREEAM, the Nordic Swan Ecolabel and aims to be EU Taxonomy aligned. It will achieve an EPC rating of level B at a minimum and feature both geothermal heating and solar panels. Additionally, the future tenants will be provided with parking spaces equipped with EV chargers in the parking garage and have access to a car and bicycle pool, offering convenient and eco-friendly transportation options.
“We are excited to secure our second investment in Sweden for our residential fund, marking the first within the Greater Stockholm area. This high-quality project is a fantastic addition to the existing portfolio and aligns well with the fund’s strategy to further expand its presence in Sweden. The strong sustainability profile of the project demonstrates our commitment to responsible investing,” said Pontus Danielsson, Investment Associate at CapMan Real Estate.
"Our strong focus on asset quality and market selection gives us flexibility in different market conditions. We have built a dedicated investment and operating platform focused on the residential sector that enables us to develop properties at scale. As a developer, we are excited to continue supporting CapMan's accelerated growth in the years ahead. We are impressed by the operating team at CapMan and look forward to working closely with them while delivering a fantastic residential project in Ursvik," said Gurmo Endale, Partner at Reliwe.
Image provided by CapMan.
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