Schroders Capital provides loan for Stockholm mixed-use development

Schroders Capital, through its Private Debt & Credit Alternatives team, has provided a €77 mln construction loan for a mixed-use development in the Greater Stockholm area.

Barkarbystaden, Jarfalla

This funding will facilitate the construction of 377 homes in Barkarbystaden, commercial spaces, and an underground car park. 
The project, a club deal managed by Kinnerton Capital with co-investment from Schroders Capital and Kinnerton-advised funds, emphasises socially sustainable housing and commercial facilities. It aligns with Article 8 SFDR requirements and boasts a Swedish Svanen environmental classification.
Barkarbystaden is projected to house 30,000 new residents and create numerous service-sector jobs, benefiting from a new metro station set to open by late 2027. 
Swedish residential developer Titania Holding has been tasked with developing the project.
Daniel Younis, head of European Real Estate Debt, Schroders Capital, said: " Following several successful deals in the European CRE debt space this year, we’re delighted to build momentum and further grow our presence in the region; this transaction exemplifies our commitment to bolstering housing supply in underserved markets, while expanding our footprint in the Nordics. The development’s focus on quality, sustainability, and community are important value drivers – enabling the opportunity to deliver attractive risk-adjusted returns for our investors alongside positive social outcomes.”
This recent loan follows other transactions this year, including a senior construction loan for 133 townhouses in Denmark and a mezzanine loan for a residential complex in Greater Copenhagen. This also represents the third CRE loan that Kinnerton has secured for Schroders Capital's European Real Estate Debt strategies.