CapMan Real Estate funds 262-unit Handen residential project to boost sustainable rental housing in Greater Stockholm

CapMan Real Estate funds 262-unit Handen residential project to boost sustainable rental housing in Greater Stockholm

(IN BRIEF) CapMan Real Estate, through its CapMan Nordic Real Estate III fund, has agreed to forward fund a 262-unit multifamily housing project in Handen, Haninge, developed by Reliwe and built by Consto. The project, offering 12,119 m² of lettable space, is part of a larger urban renewal initiative near Handen Station and Haninge Shopping Centre, providing strong transport links and addressing a shortage of modern rental housing in the area. Completion is scheduled for Q2 2028. Designed to meet high sustainability standards, the development will target BREEAM In-Use and Miljöbyggnad Silver certifications, achieve at least EPC B, feature solar panels, and align with EU Taxonomy criteria. The deal, expected to close in Q3 2025, strengthens CapMan’s growing Stockholm residential portfolio following its recent investment in Jakobsberg.

(PRESS RELEASE) HELSINKI, 22-Aug-2025 — /EuropaWire/ — CapMan Real Estate has entered into an agreement with Reliwe, a leading Swedish residential developer, to forward fund a new multifamily housing project in Handen, Haninge, just south of central Stockholm. The investment, made through CapMan Nordic Real Estate III (CMNRE III), covers the development of 262 modern rental apartments with a total lettable area of 12,119 m². Construction will be undertaken by Consto, with project completion anticipated in Q2 2028.

Situated in the heart of Handen, the scheme forms part of a major urban renewal programme around the railway station and bus terminal. The location offers excellent connectivity with a 20-minute commute to Stockholm city centre and benefits from direct access to Haninge Shopping Centre. The broader area is undergoing rapid transformation and faces a structural undersupply of modern rental housing, making the project well-positioned to address growing demand.

Sustainability is a central focus of the development. The project targets BREEAM In-Use and Miljöbyggnad Silver certifications, an EPC rating of at least B, and alignment with EU Taxonomy requirements. On-site renewable energy will be supported by solar panel installations, ensuring the property meets ambitious environmental standards.

“This acquisition marks another significant step in scaling our residential strategy in Stockholm,” said Pontus Danielsson, Investment Manager at CapMan Real Estate. “We are delighted to continue our partnership with Reliwe and Consto to deliver another high-quality project. Their expertise and strong track record make them valuable partners as we expand our portfolio in the region.”

Magnus Berglund, Partner and Head of Sweden and Norway at CapMan Real Estate, added: “We continue to identify attractive investment opportunities across our value-add and core residential funds. The current market presents favourable conditions for investing in sustainable, high-quality residential projects in Nordic capitals, and our pipeline remains strong.”

The acquisition is expected to close in Q3 2025. It follows CapMan Real Estate’s recent forward funding of a 205-unit residential development in Jakobsberg, Järfälla, also in Greater Stockholm.

CapMan Real Estate manages approximately €5.5 billion in real estate assets across the Nordics and the UK, supported by a team of more than 80 professionals based in Helsinki, Stockholm, Copenhagen, Oslo, and London.

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and €6.5 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, real asset debt, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London, Luxembourg, and Düsseldorf. We are listed on Nasdaq Helsinki since 2001. www.capman.com

Media Contacts:

Magnus Berglund, Partner and Head of Sweden and Norway, +46 70 786 68 08

Pontus Danielsson, Investment Manager, +46 70 385 58 00

SOURCE: CapMan