Sweden — 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.

Sweden — Real estate investor Nrep has announced a new long-term partnership with residential developer Åke Sundvall to deliver attractive, sustainable apartments and later living accommodation in some of Stockholm’s most sought-after neighbourhoods. The new JV aims to incrementally build a portfolio of circa 500-800 new homes. Nrep’s investment is being made via their latest fund within the Nordic Strategies Fund series.

Sweden — Heba and Åke Sundvall have, through their JV company VBT Utvecklings AB, signed an agreement for the transfer of two properties in Vårberg. The buyer is AB Svenska Bostäder. The deal is carried out as two company deals and the accessions are tentatively September 1, 2024 and June 1, 2025 respectively. The deal is subject to a conditional decision by AB Svenska Bostäder's board, Stockholms Stadshus AB's board and the Stockholm City Council.