Capman Real Estate, through its third value-add fund Capman Nordic Real Estate III (“CMNRE III”, the “Fund”), has signed an agreement with leading Swedish residential developer Reliwe to forward fund the development of a 262-unit multifamily housing project in Greater Stockholm in Handen, Haninge. The project comprises 12,119 m2 of lettable area and is expected to be completed in Q2 2028. The construction of the development will be carried out by Consto.

Located in the heart of Handen, just south of central Stockholm, the development is part of a broader revitalisation of the town centre surrounding Handen’s railway station and bus terminal. The location benefits from the immediate proximity to Haninge Shopping Centre as well as Handen Station, offering a 20-minute commute to Stockholm city centre. The area is undergoing a significant transformation and is characterised by a structural undersupply of modern rental housing.

The project is designed to meet ambitious sustainability standards and will feature BREEAM In-Use and Miljöbyggnad Silver certifications, a minimum EPC rating of B, on-site renewable energy through solar panels, while also targeting EU Taxonomy alignment.

“This acquisition marks another important milestone in scaling our residential strategy in Stockholm. We look forward to continuing our partnership with Reliwe and Consto by delivering another high-quality project together. They are trusted partners to us, bringing deep local expertise and a proven track record,” says Pontus Danielsson, Investment Manager at Capman Real Estate.

“We continue to actively pursue compelling opportunities for both our value-add funds and our core residential fund. Our deal pipeline remains robust, and we find the current market timing particularly favorable for deploying capital into sustainable high-quality residential investments in the Nordic capital cities,” adds Magnus Berglund, Partner and Head of Sweden and Norway at Capman Real Estate.

Closing of the acquisition is expected in Q3 2025. The Fund recently acquired a 205-unit residential development project in Stockholm in Jakobsberg, Järfälla from JM.