KKR makes second residential investment in Sweden

Global investment firm KKR has made its second residential investment in Stockholm, agreeing to fund a new multifamily housing development in the suburb of Täby.

Stockholm Project Design

The deal, made with Swedish developer Reliwe, involves three residential buildings totalling 325 units (15,300 m2 of rentable space). Construction is expected to be completed in stages between 2026 and 2028.
The Täby location, only 14 kilometres from central Stockholm, offers convenient access to the city centre in under 20 minutes via a nearby train station. The development is also adjacent to a major shopping centre and is being designed with high sustainability and architectural standards in mind.
This investment follows KKR's February announcement of funding three multifamily properties in Haninge, south of Stockholm. KKR is working with its local operating partner, Cavendo, to manage and expand its residential strategy in Stockholm, which now includes roughly 700 units under development.
Alexander Thams, head of Nordics Real Estate at KKR, said: "This transaction is another key step in our strategy to assemble a high-quality residential platform in the Stockholm region. Täby is one of the most attractive and supply-constrained municipalities in Sweden, and this development offers modern, sustainable living in a location where rental stock is typically limited. We are pleased to continue our strategic partnership with Reliwe and further expand our footprint in a market where we are seeing strong demand and attractive opportunities."
Gurmo Endale, partner at Reliwe, added: "We are very pleased to have concluded our second transaction with KKR, which underlines our ability to effectively source and execute attractive deals. Täby is a well-established and highly attractive residential market, and we look forward to delivering modern, high-quality, and sustainable homes. We also look forward to further strengthening our strategic partnership with KKR."
This latest investment in Täby is being made through KKR's European Real Estate strategy.