Hines has acquired its first residential asset in Sweden, signing a forward-funding agreement with Magnolia Bostad, one of the largest Swedish residential developers, to deliver 310 residential-for-rent apartments in Kista, Stockholm.
The project, acquired by Hines on behalf of the Hines European Core fund (HECF), is the second acquisition by the firm in Sweden, following the 129,500-square-meter (1.39 million-square-foot) industrial asset in Jönköping secured on behalf of Hines European Property Partners (HEPP) in January 2024.
According to Hines’ proprietary research from March 2025, the global housing market would need a net 6.5 million new housing units to meet current demand across key developed economies.
“The creation of rental accommodation in areas of high demand and low supply is a high-conviction investment theme for Hines and the European Core fund, and we are delighted to secure this opportunity on behalf of our investors. This development sh
