Art-Invest Real Estate has acquired three new-build residential properties in Sweden’s largest ongoing urban development Barkarbystaden from Åke Sundvall and OBOS. The acquisition was made on behalf of one of Art-Invest Real Estate’s institutional investment funds.

The buildings were completed in 2024 and comprise approximately 10,000 sq m with 158 apartments that are fully let. The properties are strategically located next to the new metro station which is expected to be completed in 2027. The asset has the sustainability ecolabel "Svanen" and a high technical standard.

The area has undergone major change during the last years and has developed into a city-like environment. The Municipality of Järfälla intends for Barkarbystaden to grow to 14,000 homes by 2032, as well as a metro station and regional trains, making the area the new hub of northwest Stockholm, according to Järfälla Municipality's plans.

Barkarbystaden is one of the largest urban developments in Sweden. Last year, Art-Invest Real Estate opened a branch in Stockholm and acquired Stockholm Quality Outlet, one of Sweden’s largest outlet centres, also in the Barkarbystaden area as a first investment.

"I have seen Barkarbystaden grow during my almost 20 years working in the area and I am happy that we now have done our first residential acquisition here. Going forward, we at Art-Invest will continue to look at acquisitions in Sweden, primarily with a focus on investments where we see good opportunities for growth," says Johan Öhlund Lagerdahl, Head of Stockholm, Art-Invest Real Estate.

“Åke Sundvall and OBOS are pleased to announce that Art-Invest Real Estate, with its strong interest in Barkarbystaden, has acquired this residential property, which is a part of our project Atlas. Art-Invest’s long-term perspective and strong position make them a highly suitable buyer for this strategically located site “says Martin Sundvall, CEO, Åke Sundvall AB.

Setterwalls as well as K&L Gates acted as legal and tax advisor to Art-Invest Real Estate.

The seller has been legally represented by FHH Law and advised by HM Partners.