The residential project in Åkersberga is designed to meet the needs of the local community, access to green spaces, and proximity to public transport. Located just 850 metres from Åkersberga commuter train station, the site offers residents a direct 35-minute connection to the inner city of Stockholm, combining the convenience of urban access with the tranquility of a suburban setting. The development will be delivered to EPC A level and Miljöbyggnad Silver standards, reflecting Barings’ commitment to sustainability and high-quality living environments.

The project will be carried out in partnership with Innovation Properties, who will act as Project Manager. All necessary approvals are in place, with construction scheduled to commence in the fourth quarter of 2025. Completion will be phased from mid-2027 to mid-2028, bringing much needed new homes to a thriving commuter town just 30 kilometres north of central Stockholm. Kvalitetsbygg, part of Q-ben Infra, has been engaged as General Contractor.

Andreas Norberg, Managing Director and Country Head Nordics at Barings Real Estate, said:

“This landmark transaction in Åkersberga underscores our conviction in the Swedish residential sector and our commitment to delivering high-quality, sustainable homes in undersupplied markets. Working alongside Innovation Properties, we look forward to transforming this site into a vibrant new community.”

Gunther Deutsch, Managing Director, Head of European Transactions and Country Head Germany at Barings Real Estate, said:

“The Åkersberga project is a testament to our ability to source and execute complex, off-market transactions in Europe’s most dynamic markets. We continue to see strong appetite for residential assets and remain focused on expanding our portfolio across the region.”