Barings announced that it has acquired a build-to-rent residential project in Tumba, Sweden, on behalf of a European value-add real estate strategy.
The project includes 243 residential units and is being developed with Innovation Properties as the residential developer.
The development will be spread across six residential buildings and include a parking facility.
The project is located south of Stockholm within walking distance of Tumba center and about a 26-minute commute from Stockholm city center.
Barings said all buildings in the development will target an EPC A rating. Practical completion of the final unit is expected in November 2028.
The project also includes social sustainability features, including a parking building with an activity rooftop that will include a running track, football court, and outdoor gym.
Barings said the acquisition aligns with its long-term conviction in the Nordic living sector, which is supported by strong demographic fundamentals and an undersupply of housing in key urban regions.
The Stockholm region has faced an undersupply of rental housing, with population growth outpacing new supply levels for more than 20 years.
Including the Tumba project, Barings now has nearly 1,450 residential units under construction across the Nordics in the Stockholm and Copenhagen metropolitan areas.
The acquisition brings Barings’ total residential units in the Nordics to more than 2,000.
Barings Real Estate is part of Barings, a global alternative asset manager with $481 billion in assets under management as of March 31, 2026.
KEY QUOTES:
“This transaction reflects our continued commitment to the Nordic living sector. By entering the project at an early stage and utilising our boots-on-the-ground expertise, we have supported the finalisation of the detailed zoning plan. This positions the project for delivery while offering investors exposure to Stockholm’s build-to-rent market, which is supported by attractive long-term fundamentals and a structural undersupply of housing. In addition to this investment, we still have capacity for more residential development in the Nordics and are evaluating appropriate opportunities.”
Andreas Norberg, Managing Director and Country Head Nordics at Barings Real Estate
“This investment demonstrates our ability to source and structure early-stage residential development opportunities in markets and where supply-demand dynamics remain highly supportive. In 2025, we invested €580m in 10 transactions, and we remain active in the living sector looking for core to value-add real estate in the Nordics and other priority European markets of Iberia, France, Italy, UK, Germany, the Netherlands and Ireland.”
Gunther Deutsch, Managing Director and Head of European Transactions at Barings Real Estate
