In 2022 UNION made a commitment to the residential development sector, and established a new management company together with Norwegian residential development specialist Baard Schumann to run the residential development fund launched in October 2022. 

This fund acquires and develops sites, areas of land and buildings with a substantial development potential, primarily for residential purposes, in and around the largest cities in Scandinavia.

Its portfolio composition includes options for site purchase, joint ventures with other players, or the acquisition of development projects in various phase of the planning process at the time the investment is made.

Residential development

Manager: UNION Residential Development Management AS

Target group: Professional investors