KKR Makes Second Residential Foray into Stockholm

KKR has reached an agreement with leading Swedish developer Reliwe for the forward funding of a new multifamily development in Täby, one of Stockholm’s most sought-after municipalities. The transaction through KKR’s European Real Estate strategy marks the investment firm’s second residential investment in Sweden’s capital region since the beginning of 2025.

The project in Täby comprises three residential assets with a total of 325 units and approximately 15,300 square meters (nearly 165,000 square feet) of leasable space, expected to be completed in phases between 2026 and 2028. The development is situated adjacent to Täby Centrum, one of the city’s leading shopping center.

In February, KKR announced its investment in three multifamily properties in Haninge, located just south of the Stockholm city center. This second investment builds on KKR’s work with local operating partner Cavendo to manage and grow its Stockholm residential strategy, which now includes approximately 700 units under development.

“This transaction is another key step in our strategy to assemble a high-quality residential platform in the Stockholm region,” said Alexander Thams, head of Nordics real estate at KKR. “Täby is one of the most attractive and supply-constrained municipalities in Sweden, and this development offers modern, sustainable living in a location where rental stock is typically limited.”