The 211 construction-started right of tenancy units were acquired from Vasaparken BOAB. The first occupancy is planned for next year and the project will be completed in March 2024.

The project is both environmentally and socially sustainable, where the buildings meet the requirements for Miljöbyggnad Silver and the design is particularly lavish. Innovative and green mobility solutions are offered through a carpool and bicycle pool, as well as a co-working and café area on the ground floor, that is accessible to the residents.

NREP, founded in 2005, is a leading Nordic real estate investment firm focused on defensive value-add investment strategies in selected segments of the Nordic market. NREP has several times been ranked as the most consistently outperforming real estate investment manager worldwide. NREP manages in total 5.8 million square meters in Sweden, Finland, Denmark, Norway and Poland. Today NREP has just over 500 employees. Among the investors are some of the world’s largest pension funds, insurance companies and asset managers, who in their turn secure the future for millions of senior citizens and beneficiaries.

The firm’s team consisted primarily of Partners Daniel Jönsson and Tom Hofset, as well as Associates Johan Asklund and Dione Shabo.