KKR has announced an investment in a multifamily housing development in Haninge, just south of Stockholm, in partnership with Swedish developers Reliwe and The Derome Group. The deal involves the forward purchase of three properties under development, totaling 382 residential units, expected to be completed between late 2026 and early 2027.

The project includes two timber-constructed buildings built by Derome and one traditional concrete construction, all designed to meet high environmental standards. The development is located near a major transit hub, providing strong connectivity to Stockholm's city center.

Alexander Thams, Head of Nordics Real Estate for KKR, emphasized the significance of the investment, highlighting the strong residential market fundamentals in Stockholm and the innovative use of timber construction. Reliwe and Derome expressed their commitment to delivering high-quality, sustainable housing.

KKR is partnering with Cavendo to manage and expand its Stockholm residential platform. Advisors on the transaction include Roschier, Svalner, Red Management, and Tango Capital Markets.

KKR has committed approximately $550 million (SEK 6 billion) to Nordic real estate investments over the past two years, focusing on high-quality residential and logistics assets. More details can be found at [KKR’s official release](https://www.businesswire.com/news/home/20250220298047/en/).