KPA Pension, part of the Folksam Group, has acquired a newly built rental property in Nacka Sweden from Wallenstam for SEK 822m.

The deal includes 169 rental apartments and is part of KPA Pension's long-term strategy to invest in sustainable and safe living environments for the future.

The lettable area, named Sicklaön 134:36, is approximately 9,780 square meters, and occupancy is scheduled to take place at the end of October 2025.

Folksam Group property director, Jonas Bjuggren, commented on the deal: "We are very pleased to be able to add Sicklaön 134:36 to our property portfolio and continue our long-term and strategic expansion through an acquisition of newly produced, high-quality and modern rental homes in an attractive location close to nature and public transport.

"The Folksam Group's focus on high-quality properties in attractive locations remains unwavering," he added.

Wallenstam regional manager, Mathias Aronsson, also commented: "It feels fun and secure to hand over such a nice and high-quality project to a long-term and recognised player like the Folksam Group and KPA Pension.

"We have put great effort into creating and building a neighbourhood with beautiful details, solid materials and an expression that ties in with Swedish building tradition, and we are convinced that the Folksam Group and KPA Pension will manage Nacka Grace in the best way," he said.

The Folksam Group is one of Sweden's largest property investors, managing approximately SEK 62bn in directly owned properties.

In total, it is responsible for just over SEK 900bn, including unit-linked insurance assets.

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