Barings acquires BTR project in Sweden

Alternative investment manager Barings has purchased a build-to-rent project featuring 243 residential units in Tumba, just outside Stockholm.

Tumba - Barings

This acquisition, made on behalf of a European value-add real estate strategy, involves residential developer Innovation Properties.

The development will consist of six residential buildings and a parking facility, strategically located south of Stockholm. It offers easy access to the Tumba centre on foot and a 26-minute commute to the Stockholm city centre. All buildings are designed to achieve an EPC A energy rating, with the final unit expected to be completed by November 2028. The project also emphasises social sustainability, featuring an innovative activity rooftop on the parking building that includes a running track, a football court, and an outdoor gym.

With the Tumba project included, Barings now has nearly 1,450 residential units under construction across the Nordic region, specifically in the Stockholm and Copenhagen metropolitan areas. This brings Barings' total residential unit count in the Nordics to over 2,000.

This project reinforces Barings' long-term confidence in the Nordic living sector, which is supported by strong demographic trends and a persistent undersupply of housing in key urban areas.

Andreas Norberg, managing director and country head Nordics at Barings Real Estate, said: “In addition to this investment, we still have capacity for more residential development in the Nordics and are evaluating appropriate opportunities.”

Gunther Deutsch, managing director, head of European Transactions at Barings Real Estate, added: “In 2025, we invested €580 mln in 10 transactions, and we remain active in the living sector looking for core to value-add real estate in the Nordics and other priority European markets of Iberia, France, Italy, UK, Germany, the Netherlands and Ireland.”