CapMan Real Estate invests €61m in Swedish residential project

CapMan Real Estate is investing SEK 692 mln (€61.5 mln) to acquire a development project in Stockholm, Sweden that will create 205 new rental apartments. 

Rental-units-Jarfalla

The project, located in Jakobsberg and acquired from housing developer JM, is being funded through CapMan's Nordic Real Estate III fund. Construction began in late 2024 and is slated for completion in the fourth quarter of 2027. 
The 11,646 m2 sustainable development boasts excellent transport links and aims for high environmental certifications, including BREEAM and EU Taxonomy alignment. The development will feature amenities like solar panels and EV charging stations.
Located in a highly attractive micro-location, under 25 minutes from central Stockholm, the area benefits from strong tenant demand and a limited supply of rental housing. 
Pontus Danielsson, investment manager, at CapMan Real Estate, said: “We are pleased to grow our residential portfolio in Greater Stockholm and act on compelling opportunities in the current market. With strong fundamentals and structural supply-demand imbalances, the residential sector remains a high-conviction theme for us. This project is designed to meet the growing need for high-quality, middle-income rental housing in one of Europe’s fastest-growing metropolitan areas.” 
Marcus Lotzman, head of Transactions, Sweden at CapMan Real Estate, commented: “This acquisition is fully aligned with our strategy of investing in sustainable, well-located residential assets across key Nordic growth regions. With strong local market knowledge and a robust deal pipeline, we are well positioned to continue scaling our residential platform.” 
Nicklas Backfjärd, head of JM Property Development, added: “It is positive to see that newly built high-quality rental properties are in demand. The sale of Bovetet improves the opportunities to invest in new projects, which is part of our strategy to develop rental properties on our own land.”
CapMan Real Estate manages approximately €5.5 bn in real estate assets.