KKR Invests in Stockholm Multifamily Housing Development Led by Reliwe and Derome
KKR has announced its first residential investment in Stockholm through a forward-purchase agreement with Swedish developers Reliwe and The Derome Group for three multifamily properties in Haninge. The development comprises 382 residential units, expected for completion between late 2026 and early 2027.
The project includes two timber construction properties built by Derome and one traditional concrete construction asset. Located near a bus terminal and railway station, the development aims to deliver affordable modern urban living with premium amenities while meeting high environmental standards.
Over the past two years, KKR has committed approximately $550 million (SEK 6 billion) to Nordic real estate investments. The company will work with local operating partner Cavendo to manage and grow the Stockholm residential platform.
KKR ha annunciato il suo primo investimento residenziale a Stoccolma tramite un accordo di acquisto futuro con gli sviluppatori svedesi Reliwe e The Derome Group per tre proprietà multifamiliari a Haninge. Lo sviluppo comprende 382 unità residenziali, previste per il completamento tra la fine del 2026 e l'inizio del 2027.
Il progetto include due proprietà in legno costruite da Derome e un'asset in cemento tradizionale. Situato vicino a una fermata dell'autobus e a una stazione ferroviaria, lo sviluppo mira a offrire una vita urbana moderna e accessibile con servizi di alta qualità, rispettando al contempo elevati standard ambientali.
Nell'ultimo biennio, KKR ha impegnato circa 550 milioni di dollari (6 miliardi di SEK) in investimenti immobiliari nordici. L'azienda collaborerà con il partner operativo locale Cavendo per gestire e far crescere la piattaforma residenziale di Stoccolma.
KKR ha anunciado su primera inversión residencial en Estocolmo a través de un acuerdo de compra anticipada con los desarrolladores suecos Reliwe y The Derome Group para tres propiedades multifamiliares en Haninge. El desarrollo comprende 382 unidades residenciales, que se espera estén completas entre finales de 2026 y principios de 2027.
El proyecto incluye dos propiedades de construcción de madera construidas por Derome y un activo de construcción tradicional de hormigón. Ubicado cerca de una terminal de autobuses y una estación de tren, el desarrollo tiene como objetivo ofrecer una vida urbana moderna y asequible con comodidades premium, al tiempo que cumple con altos estándares ambientales.
En los últimos dos años, KKR ha comprometido aproximadamente 550 millones de dólares (6 mil millones de SEK) en inversiones inmobiliarias en los países nórdicos. La empresa trabajará con el socio operativo local Cavendo para gestionar y hacer crecer la plataforma residencial de Estocolmo.
KKR은 스웨덴 개발업체 Reliwe 및 The Derome Group와의 선구매 계약을 통해 스톡홀름에서 첫 번째 주거 투자를 발표했습니다. 이 개발 프로젝트는 한인게에 있는 세 개의 다세대 주택으로, 총 382개의 주거 유닛이 포함되어 있으며, 2026년 말에서 2027년 초 사이에 완공될 예정입니다.
이 프로젝트에는 Derome이 건설한 두 개의 목조 건물과 전통적인 콘크리트 구조의 자산 하나가 포함되어 있습니다. 버스 터미널과 기차역 근처에 위치한 이 개발은 고급 편의 시설을 갖춘 현대적인 도시 생활을 제공하면서 높은 환경 기준을 충족하는 것을 목표로 하고 있습니다.
지난 2년 동안 KKR은 북유럽 부동산 투자에 약 5억 5천만 달러(60억 SEK)를 투자했습니다. 이 회사는 스톡홀름 주거 플랫폼을 관리하고 성장시키기 위해 현지 운영 파트너인 Cavendo와 협력할 것입니다.
KKR a annoncé son premier investissement résidentiel à Stockholm par le biais d'un accord d'achat anticipé avec les développeurs suédois Reliwe et The Derome Group pour trois propriétés multifamiliales à Haninge. Le développement comprend 382 unités résidentielles, dont l'achèvement est prévu entre fin 2026 et début 2027.
Le projet inclut deux propriétés en construction bois réalisées par Derome et un actif en béton traditionnel. Situé près d'un terminal de bus et d'une gare, le développement vise à offrir un mode de vie urbain moderne et abordable avec des équipements de qualité tout en respectant des normes environnementales élevées.
Au cours des deux dernières années, KKR a engagé environ 550 millions de dollars (6 milliards de SEK) dans des investissements immobiliers nordiques. L'entreprise travaillera avec le partenaire opérationnel local Cavendo pour gérer et développer la plateforme résidentielle de Stockholm.
KKR hat seine erste Wohnimmobilieninvestition in Stockholm durch einen Forward-Purchase-Vertrag mit den schwedischen Entwicklern Reliwe und The Derome Group für drei Mehrfamilienhäuser in Haninge angekündigt. Die Entwicklung umfasst 382 Wohneinheiten, die voraussichtlich zwischen Ende 2026 und Anfang 2027 fertiggestellt werden.
Das Projekt umfasst zwei Holzbauimmobilien, die von Derome gebaut wurden, und ein traditionelles Betonbauwerk. In der Nähe eines Busbahnhofs und eines Bahnhofs gelegen, zielt das Projekt darauf ab, modernes, erschwingliches urbanes Wohnen mit hochwertigen Annehmlichkeiten zu bieten und gleichzeitig hohe Umweltstandards einzuhalten.
In den letzten zwei Jahren hat KKR etwa 550 Millionen US-Dollar (6 Milliarden SEK) in nordische Immobilieninvestitionen verpflichtet. Das Unternehmen wird mit dem lokalen Betriebspartner Cavendo zusammenarbeiten, um die Wohnplattform in Stockholm zu verwalten und auszubauen.
- Strategic expansion into Stockholm's residential market with 382 new units
- Project location offers excellent connectivity to city center
- Sustainable construction approach with timber buildings
- Strong commitment to Nordic real estate with $550M invested over past two years
- Long completion timeline (late 2026 to early 2027) delays revenue generation
- Significant capital commitment in a single market
Insights
This strategic investment marks KKR's calculated entry into Stockholm's residential market, targeting a sector with robust fundamentals and strong demographic tailwinds. The development's location in Haninge, with its transit connectivity, positions it perfectly to capitalize on Stockholm's expanding urban footprint and the growing demand for accessible urban housing.
The forward-purchase structure is particularly noteworthy as it allows KKR to secure prime residential assets at potentially favorable valuations while minimizing development risk through partnerships with established local developers. The choice of both timber and concrete construction methods demonstrates a balanced approach to sustainability and cost-effectiveness, with timber construction increasingly commanding premium valuations due to its environmental benefits and growing market preference.
The project's scale of 382 residential units provides immediate portfolio critical mass in Stockholm, while the completion timeline of 2026-2027 suggests strategic positioning for the next market cycle. The partnership with Cavendo for operational management indicates a long-term commitment to the market and ensures local expertise in property management and tenant relations.
This investment aligns with broader institutional investment trends in Nordic real estate, where stable regulatory environments, strong tenant protection laws, and consistent rental growth have attracted significant international capital. The focus on affordable modern urban living addresses a important market gap, particularly given Stockholm's housing shortage and strong population growth.
The development's emphasis on sustainability and premium amenities, combined with its strategic location, positions it well for both stable occupancy rates and potential rental premium. This investment represents approximately 9% of KKR's recent $550 million Nordic real estate commitment, suggesting a measured approach to portfolio construction while maintaining significant capacity for future expansion in the region.
Credit: Reliwe / Lindberg Stenberg Arkitekter AB
The development is comprised of three new properties totaling 382 residential units, expected to be completed between late 2026 and early 2027. Leading Swedish property developer Reliwe is overseeing the development, which includes two timber construction properties being built by Derome, a leading industrial business, and a third traditional concrete construction asset built to a high specification. The development is located adjacent to a bus terminal and railway station, offering excellent connectivity to Stockholm’s city center. The project is designed to meet high environmental standards and will deliver affordable modern urban living space with premium amenities and features.
"We are thrilled to make our first residential investment in
"KKR’s decision to make this their first residential investment in
"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, which contributes 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 for Derome BoPartner.
KKR will be working with local operating partner Cavendo on managing and growing the
Over the past two years, KKR has committed approximately
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.
About Reliwe
Reliwe is an expansive real estate development company focusing on sustainability and design to create residences to thrive in. Since its establishment, Reliwe has completed over 500 apartments and has 1,550 apartments in production. In addition, the company has made substantial acquisitions of building rights in various cities across
About Derome
Derome is
View source version on businesswire.com: https://www.businesswire.com/news/home/20250220298047/en/
KKR: Nordics
Kekst CNC
Adam Hedengren-Deria
kkr@kekstcnc.com
KKR
Miles Radcliffe-Trenner
media@kkr.com
Derome
Kajsa Karlsson
Kajsa.karlsson@derome.se
Source: KKR
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