CapMan Residential Fund acquires a forward funding project in Ursvik, Sundbyberg. The project is situated 10 km north of Stockholm city center and comprises 289 rental apartments, an underground parking garage with 85 parking spaces and two small commercial premises. The project is acquired from Reliwe, and the development and construction will be managed by Reliwe and Consto with expected completion in early 2027. Ursvik is a strong location in one of Sweden's fastest-growing municipalities and offers excellent public transport connections for the residents in the area, ensuring convenient commuting to Stockholm city center and major hubs like Kista, Arenastaden and Bromma.


The acquisition is the ninth investment for CapMan’s pan-Nordic core residential fund. The investment fits well with the fund's strategy to invest in attractive locations in the largest Nordic cities and in assets with strong sustainability profiles.


The asset will be certified with BREEAM, the Nordic Swan Ecolabel and aims to be EU Taxonomy aligned. It will achieve an EPC rating of level B at minimum and feature both geothermal heating and solar panels. Additionally, the future tenants will be provided with parking spaces equipped with EV chargers in the parking garage and have access to a car and bicycle pool, offering convenient and

eco-friendly transportation options.

“We are excited to secure our second investment in Sweden for our residential fund, marking the first within the Greater Stockholm area. This high-quality project is a fantastic addition to the existing portfolio and aligns well with the fund’s strategy to further expand its presence in Sweden. The strong sustainability profile of the project demonstrates our commitment to responsible investing,” says Pontus Danielsson, Investment Associate at CapMan Real Estate.


Since its inception in 2021, the open-ended core residential fund has successfully raised and invested nearly EUR 1 billion of equity and aims to reach EUR 2 billion by 2026.

“We are excited about this investment and look forward to continue expanding our portfolio in Sweden and throughout the Nordics in the years ahead,” comments Magnus Berglund, Partner and Head of CapMan Real Estate Sweden and Norway.

"Our strong focus on asset quality and market selection gives us flexibility in different market conditions. We have built a dedicated investment and operating platform focused on the residential sector that enables us to develop properties at scale. As a developer, we are excited to continue supporting CapMan's accelerated growth in the years ahead. We are impressed by the operating team at CapMan and look forward to working closely with them while delivering a fantastic residential project in Ursvik," adds Gurmo Endale, Partner at Reliwe.