Barings Acquires Build-To-Rent Project in Tumba, Sweden

Barings, one of the world's leading alternative investment managers, on behalf of a European value-add real estate strategy, has acquired a project for 243 units with Innovation Properties as the residential developer in Tumba on the outskirts of Stockholm.

The development, set to be spread across six residential buildings alongside a parking facility, is situated in an attractive location south of Stockholm within walking distance from Tumba centre and 26 min commuting distance to Stockholm city centre. All buildings in the development will target an EPC A rating, with practical completion of the final unit at the site expected in November 2028. The project is also focused on social sustainability factors by way of a parking building with an innovative activity rooftop with a running track, a football court and outdoor gym.

There is an undersupply of rental housing in the Stockholm region, with population growth having outstripped new supply levels for over 20 years, mitigating vacancy risk in new developments. Barings has now, including the Tumba project, nearly 1,450 residential units under construction across the Nordics within the Stockholm and Copenhagen metropolitan areas bringing up the total amount of Barings' residential units in the Nordics to over 2,000.

The project aligns with Barings' long-term conviction in the Nordic living sector, supported by strong demographic fundamentals and continued undersupply of housing in key urban regions.

Andreas Norberg, Managing Director and Country Head Nordics at Barings Real Estate, said:
"This transaction reflects our continued commitment to the Nordic living sector. By entering the project at an early stage and utilising our boots-on-the-ground expertise, we have supported the finalisation of the detailed zoning plan. This positions the project for delivery while offering investors exposure to Stockholm's build-to-rent market, which is supported by attractive long-term fundamentals and a structural undersupply of housing. In addition to this investment, we still have capacity for more residential development in the Nordics and are evaluating appropriate opportunities."

Gunther Deutsch, Managing Director, Head of European Transactions at Barings Real Estate, said:
"This investment demonstrates our ability to source and structure early-stage residential development opportunities in markets and where supply-demand dynamics remain highly supportive. In 2025, we invested €580m in 10 transactions, and we remain active in the living sector looking for core to value-add real estate in the Nordics and other priority European markets of Iberia, France, Italy, UK, Germany, the Netherlands and Ireland."

For Barings
Ben Monteith / Charlotte Coulson (SEC Newgate)
[email protected]

Barings Real Estate
Barings Real Estate (BRE) is part of Barings and offers a broad range of global investment opportunities. BRE invests across all major real estate sectors and provides a comprehensive range of financing solutions to real estate borrowers. Follow us on LinkedIn.

About Barings
Barings is a $481 billion* global alternative asset manager that partners with institutional, insurance, and wealth clients, and supports leading businesses with flexible financing solutions. The firm, which is owned by insurance companies MassMutual and MS&AD, seeks to deliver excess returns by leveraging its global scale and capabilities across credit, real assets, capital solutions and emerging markets.

*As of March 31, 2026

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