During the past week, Hines completed two residential transactions comprising five properties in Haninge, south of Stockholm. The transactions were carried out through different funds and via two parallel processes.

Within its Core fund – the Hines European Core Fund (HECF) – Hines acquired three properties. The remaining two were acquired through the company’s Core+ fund – Hines European Property Partners (HEPP).

In total, the acquisition encompasses approximately 29,000 square metres, including 568 residential units and commercial premises. The properties are fully completed and leased, with construction years ranging from 2015 to 2023–2025. Property management on behalf of Hines will be handled on-site by Sveaviken PM.

“We are continuing our residential expansion in Sweden and are pleased to have completed two parallel off-market transactions, which were initiated with the help of Nordanö. We would like to thank Heimstaden for a well-executed and collaborative process. We also want to extend our thanks to Cederquist, EY, SEP, and Bergama, who have served as advisors to both funds,” says Staffan Unge, Head of Nordics at Hines.

Including a previous transaction in Kista, Hines has, to date this year, completed residential acquisitions encompassing 878 units, with an underlying property value exceeding EUR 200 million.

“We are both proud and pleased to be maintaining this pace, and the team has worked extremely hard to get everything in place,” says Staffan Unge.

Nordanö acted as buy-side advisor to Hines in both transactions.