Nrep strengthens residential portfolio with acquisition of 231 new rental apartments in Uppsala via NSF V
Nrep is expanding its presence in the residential segment by acquiring 231 rental apartments in Årsta, Uppsala. The transaction, valued at SEK 485 million, is being carried out in partnership with Bonava, the project’s developer and seller.
The future rental apartments are housed in five buildings, offering modern and well-designed homes with direct access to one of Uppsala’s largest park areas, Årsta park. Situated close to amenities, schools, and convenient transportation options, the project aims to create an attractive and sustainable living environment that promotes a high quality of life. Additionally, the project includes a commercial space featuring ample glazing to enhance an inviting urban atmosphere.
To minimize the project’s carbon footprint, Bonava and Nrep have optimized material selection and incorporated sustainable solutions like solar panels on the roof and facade, as well as the use of green concrete in the construction frame. These efforts are projected to reduce carbon dioxide emissions by 20% during the construction phase compared to the original plan. The project aligns with Nrep’s SBTi 2028 goal.
– Uppsala has experienced significant population growth, leading to a housing supply and demand imbalance. This acquisition strengthens our partnership with Bonava while providing more modern and sustainable rental apartments in a high-demand area. By combining superior housing quality with a focus on sustainability, we aim to create value for both residents and the city’s development, says Carl-Adam von Schéele, Head of Nrep Sweden.
Bonava is overseeing the development and construction of the project, with construction set to begin shortly. The first homes are expected to be ready in Q2 of 2026.
– Uppsala is in need of new housing, and we are pleased to collaborate with Nrep in delivering additional rental apartments for current and future generations. With our extensive experience in creating attractive and sustainable neighborhoods, we continue to play a role in the city’s growth, says Michael Björklund, Business Unit Manager Bonava Sweden.
Nrep has shown significant growth in the residential segment in Sweden, with approximately 3,700 homes currently under development. As the main shareholder in Stockholm’s largest residential developer, Klövern, which possesses around 18,000 additional building rights for future projects, the company is dedicated to fostering a more accessible and sustainable housing market. Nrep is a part of the Urban Partners investment platform, alongside Velo Capital and 2150, working together to address the challenges and opportunities brought forth by urbanization.
