Hines, a global real estate investor, developer and manager has acquired its first residential asset in Sweden, signing a forward funding agreement with Magnolia Bostad, one of the largest Swedish residential developers, to deliver 310 residential for rent apartments in Kista, Stockholm.
The project, acquired by Hines on behalf of the Hines European Core fund (HECF), is the second acquisition by the firm in Sweden, following the 129,500 square-meter industrial asset in Jönköping secured on behalf of Hines European Property Partners (HEPP) in January 2024.
According to Hines’ proprietary research from March 2025, the global housing market would need a net 6.5 million new housing units to meet current demand across key developed economies.
Source: hines.com on the 29 April 2025
https://www.hines.com/news/hines-makes-first-move-into-swedish-residential-to-grow-nordic-platform