CapMan Residential Fund makes its first Swedish investment

CapMan Residential Fund makes its first Swedish investment through its acquisition of a forward funding project in Örebro.

CapMan Residential Fund acquires the forward funding project from the Swedish developer Serneke at a price of SEK 314 million (€29.8 million/$31.9 million). The project includes 139 apartments scheduled for completion in fourth quarter 2024. The project, situated in the new urban area Tamarinden, is located 2 kilometers (1.2 miles) to the south of central Örebro, Sweden’s sixth largest city.

The project has high sustainability ambitions and a clear green profile that includes onsite solar collector systems and rainwater collection areas for recycling rainwater within local green areas. The project will pursue Miljöbyggnad green building certification at Silver level.

“This first acquisition in Sweden fits very well with the fund’s investment criteria to invest in modern sustainable residential properties located in major Nordic ci