Global investment firm KKR has announced a forward-purchase agreement with Swedish developers Reliwe and The Derome Group for three multifamily properties currently under development in Haninge, just south of Stockholm city centre. This investment is part of KKR’s European Real Estate strategy.
The project includes 382 residential units across three newly developed properties, set for completion between late 2026 and early 2027. Reliwe, a leading Swedish property developer, oversees the development, which features two sustainable timber construction buildings built by Derome, a top industrial company, alongside a high-specification concrete structure.
Strategically located near a bus terminal and railway station, the development offers seamless connectivity to Stockholm’s city centre. The project will provide affordable, modern urban living with premium amenities.
“We are thrilled to make our first residential investment in Stockholm, which is an attractive market where we are seeing strong momentum towards our objective of building a portfolio of residential units by partnering with best-in-class partners such as Reliwe and Derome,” said Alexander Thams, Head of Nordics Real Estate for KKR. “This development exemplifies the high-quality, sustainable residential properties we aim to invest in. With Stockholm’s strong residential market fundamentals and the innovative use of timber construction, we see significant potential to deliver value to our investors while contributing positively to the community.”
“KKR’s decision to make this their first residential investment in Stockholm alongside us is a strong endorsement of what we have built and the innovation we continue to bring to the Swedish residential market. We look forward to delivering high-quality, sustainable residential properties. Central Haninge is a prime growth location, and we see significant potential in developing attractive apartments,” says Gurmo Endale, Partner at Reliwe.
“We are pleased to partner with Reliwe in this transaction with a leading industry player, KKR. Together, we look forward to completing this unique development with a significant share of timber construction, contributing to sustainability. We are proud that KKR has chosen to invest in timber – a modern and environmentally responsible building solution with long-term benefits,” says Otto Martler, CEO of Derome BoPartner.
KKR collaborates with local operating partner Cavendo to manage and expand its Stockholm residential portfolio. Advisors on the transaction included Roschier, Svalner, Red Management, and Tango Capital Markets.
Over the past two years, KKR has invested approximately $550 million (SEK 6 billion) in Nordic real estate, focusing on acquiring premium residential and logistics properties while partnering with strategic local stakeholders.
As part of its global real estate strategy, KKR takes a thematic investment approach, leveraging a comprehensive mix of equity and debt strategies to acquire high-quality properties. With a team of 140+ real estate investment and asset management professionals across 16 global offices, KKR utilizes its extensive platform and expertise to drive value for clients and investors.
