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Germany/Sweden: Real estate investment manager Hines has made two major living sector acquisitions with more than 1,400 apartments between them.
In Berlin, Hines will forward fund the Marienhöfe residential quarter in Tempelhof, a mixed-use neighbourhood of 85,000 square metres across 12 buildings, comprising 880 rental apartments. The transaction will be Hines’ largest residential investment in Germany to date, 25 years after establishing a presence in the market.
In Stockholm, Hines has acquired 568 build-to-rent (BTR) units in Haninge, Stockholm, via an off-market transaction involving two of its flagship European funds. The Hines European Core Fund (HECF) has acquired three properties containing 346 units, while the firm’s core plus vehicle, Hines European Property Partners (HEPP), has acquired two neighbouring properties consisting of 222 units. It brings the firm’s total residential-for-rent units in Stockholm to almost 900 after entering the market in April via a forward funding agreement to deliver 310 apartments in Kista, north of the city, on behalf of HECF.
Hines’ global living platform now represents nearly two-thirds of its global investment pipeline. According to proprietary Hines research from March 2025, developed economies face a shortfall of 6.5 million housing units, highlighting the urgent need for institutional capital to support housing delivery.
“Housing is one of the most attractive sectors for long-term capital today,” said Alfonso Munk, co-head of investment management at Hines. “We believe that as an investor with a strong pipeline of capital to deploy and a developer-owner mindset, we are well-placed to take advantage of current market conditions and make bold, research-backed conviction plays on behalf of our core and core plus investors.”
“These acquisitions showcase our ability to seek out off-market opportunities via our expert local teams, then deploy at scale on behalf of our investors. The residential-for-rent sector currently offers the best risk-adjusted returns for core investors, and the acute undersupply of new dwellings, which characterises both Berlin and Stockholm, convinced us to bet at scale on those cities, which are currently the top pick in our proprietary research models.”
Highlights:
• Real estate investment manager Hines has made two major living sector acquisitions with more than 1,400 apartments between them
• In Berlin, Hines will forward fund the Marienhöfe residential quarter in Tempelhof, a mixed-use neighbourhood of 85,000 square metres across 12 buildings, comprising 880 rental apartments
• In Stockholm, Hines has acquired 568 build-to-rent (BTR) units in Haninge, Stockholm, via an off-market transaction involving two of its flagship European funds
