Nivika
Nivika Fastigheter AB is a Nasdaq Stockholm-listed Swedish real estate company that owns, manages, and develops a SEK 13.9 billion diversified portfolio of commercial and residential properties across southern Sweden, serving enterprise commercial tenants and residential renters.
- Company typePublic
- Founded2000
- HeadquartersVärnamo, Sweden
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Nivika does
Nivika Fastigheter AB (publ) is a Småland-based, Nasdaq Stockholm-listed real estate company (IPO December 3, 2021) that owns, manages, and develops a diversified portfolio of commercial and residential properties concentrated in southern Sweden. The company's core offering consists of commercial premises (industrial, warehouse, office, and community service properties, accounting for roughly two-thirds of rental value) and residential apartments (one-third of rental value), augmented by student housing under the 'Compact Living' brand, senior housing ('trygghetsboende', e.g., the 82-unit Hisingstorp project in Jönköping), office community space ('kontorshotell'), and ready-to-build development land. As of March 31, 2026 the portfolio was valued at approximately SEK 13.9 billion across roughly 200 properties and approximately 728,000 m² of rentable area in about 15 municipalities along the West Swedish Triangle (Jönköping, Värnamo, Växjö, and the West Coast).
The company generates recurring revenue primarily through rental income under long-term triple-net commercial leases (often index-regulated) and annually adjusted residential rents; secondary revenue streams include project development for own portfolio and a self-storage subsidiary (Nivika Mitt Lager AB). FY2025 total rental income was SEK 789 million (+11% year-over-year), net operating income was SEK 576 million (+15%), and profit from property management was SEK 256 million (+15%), with a proposed dividend of SEK 0.72 per share. Operations are run sales-led with local property management staff in each office location, and the company uses a 'Mina Sidor' tenant portal for self-service. Capital structure includes an SEK 800 million green bond framework (SEK 400 million issued November 2024), a SEK 200 million sustainability-linked loan from Swedbank (April 2026), and a 52% loan-to-value ratio as of Q1 2026. The strategic agenda emphasizes a 15% annual growth target in management profit per share, sustainability-linked financing, and continued portfolio rotation toward commercial assets via ongoing acquisitions and selective divestments.
Nivika firmographics
Firmographics- Name
- Nivika
- Legal name
- Nivika Fastigheter AB (publ)
- Website
- https://nivika.se
- Company type
- Public
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Nivika Fastigheter AB is a Nasdaq Stockholm-listed Swedish real estate company that owns, manages, and develops a SEK 13.9 billion diversified portfolio of commercial and residential properties across southern Sweden, serving enterprise commercial tenants and residential renters.
- Ownership category
- akta.pro rank
Nivika industry classification
Industry- Product category
- Real Estate Services
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Operators Of Nonresidential Buildings (6512), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)
- akta.pro secondary industry
- Real Assets — Operating Platforms & Direct Investments (FSAAAKAL)
Keywords
Where Nivika is headquartered
LocationHeadquarters
- HQ city
- Värnamo
- HQ country
- Sweden
- HQ region
- Europe
Offices5 records
Markets served
Nivika business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain
Revenue model
- Commercial Property Rental Income: Two-thirds of the portfolio's rental value comes from commercial real estate, consisting primarily of industrial, warehouse, office and community service properties with triple-net lease agreements.
- Residential Property Rental Income: One-third of the portfolio's rental value comes from residential properties. Residential rents are subject to use-value increases and the company achieved approximately 5% average rent increases on residentials.
- Project Development and New Construction: Nivika develops building rights on existing properties and works with municipalities on detailed plans for commercial-to-housing conversions. Properties are developed for long-term management creating stable cash flows.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
Nivika product offering
Product offeringCore offering
Nivika owns, manages, and develops a diversified real estate portfolio consisting primarily of commercial properties (industrial, warehouse, office, and community service properties) and residential apartments across approximately 15 municipalities in southern Sweden. The company focuses on high-yielding properties in the west Swedish triangle corridor (Jönköping, Värnamo, Växjö, and the West Coast), conducting acquisitions often off-market and managing properties locally with in-house staff. The portfolio is valued at approximately SEK 13.9 billion, with two-thirds of rental value from commercial real estate on triple-net leases and one-third from residential properties.
Product overview
Nivika is a Småland-based real estate company operating as a unified property platform offering commercial and residential property services. The core products include commercial premises (industrial, warehouse, office, and community properties) and residential apartments across southern Sweden. Supporting offerings encompass student housing, senior housing, office community spaces, and development land for custom-built facilities. The company also operates a tenant portal (Mina Sidor) for account management and service requests, and maintains a self-storage subsidiary (Nivika Mitt Lager AB). The diversified portfolio is valued at approximately SEK 13.9 billion, with two-thirds of rental value from commercial properties and one-third from residential.
Differentiator
Problem solved
Functional benefit
Brands
- Mitt lager: Self storage service operated by Nivika Mitt lager AB, a subsidiary of Nivika Fastigheter AB.
Products and services
- Commercial Premises (Kommersiella lokaler) Rental and management of commercial properties including industrial, warehouse, office, and community service properties across southern Sweden. Leased primarily under long-term triple-net agreements with index-regulated rents to enterprise tenants.
- Residential Apartments (Bostäder) Rental apartments across multiple locations in southern Sweden, including studios through four-room units. Residential rents are increased based on use-value annually.
- Student Housing (Studentbostäder/Compact Living) Purpose-built student accommodation units designed for young adults studying at nearby universities, particularly in Jönköping.
- Senior Housing (Trygghetsboende) Specialized housing for persons over 65 at Hisingstorp in Jönköping, offering safety features and community amenities. Apartments range from 1-4 rooms (31-103 sqm).
- Office Community (Kontorshotell) Shared office spaces and office hotel concept offering flexible workspace solutions for businesses across Nivika's properties.
- Development Land (Etablerbar mark/Tomter) Ready-to-build land plots available for companies seeking custom-built facilities; Nivika constructs the property to tenant specifications and leases it back.
- Nivika Mitt Lager (Self-Storage) Self-storage services for personal and business use, operated through wholly-owned subsidiary Nivika Mitt Lager AB.
Quantifiable outcome
- Annual growth in management profit per share of at least 15% long-term
- +4 more outcomes
Companies that use Nivika
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles2 records
Nivika technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Nivika partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered minor and core.
- Elmaccumulation (Elbilsmack)minorNivika was a key partner in establishing Sweden's first dedicated electric car charging station (elbilsmack) at Bredasten in Värnamo, supporting sustainable transportation infrastructure.
- HusgruppenminorNivika entered a strategic collaboration with Småländska Hem (Husgruppen) for housing development projects. Husgruppen develops residential projects and Nivika provides property development expertise and land.
- Hållbarhetslöftet (The Sustainability Pledge)minorNivika participates in Hållbarhetslöftet, part of Jönköping County's efforts to achieve Sweden's environmental objectives and Agenda 2030 goals, focusing on environment and climate.
- Växjödeklarationen (The Växjö Declaration)minorNivika participates in Växjödeklarationen, a framework through which the municipality of Växjö collaborates with companies to encourage contributions to Sustainable Växjö 2030.
- UN Global CompactcoreNivika joined the UN Global Compact in 2024, committing to ten principles covering human rights, labour, environment, and anti-corruption. Nivika is expected to report annually on progress implementing these principles.
- Lager 157 Ski TeamminorNivika entered a sponsorship partnership with Lager 157 Ski Team competing in Ski Classics. The partnership aligns with Nivika's values of engagement and team spirit, and promotes physical health through sport.
- ObjektvisionminorNivika lists its commercial premises on Objecktsvision, a Swedish commercial real estate listing platform, to reach potential commercial tenants.
Scale indicators13 records
Recent moves9 records
Expansion highlights6 records
Nivika competitors and assessment
Company assessmentDirect peers
- Catena AB: Swedish listed logistics/warehouse real estate company focused on Nordic supply-chain properties. Highly comparable to Nivika's industrial/warehouse and E6-corridor commercial focus, with similar triple-net lease model and active acquisition approach.
- Wihlborgs Fastigheter AB: Swedish listed commercial real estate company focused on the Öresund region, with a portfolio heavy in office, industrial/logistics and community-service properties. Comparable to Nivika's commercial-segment mix, triple-net structure, and regional clustering strategy.
- Kungsleden AB: Swedish listed real estate company investing in office, industrial/logistics and retail properties with a focus on select Nordic growth regions. Directly comparable to Nivika in property-type mix, regional clustering, and long-term ownership strategy.
- Diös Fastigheter AB: Swedish listed real estate company focused on commercial properties in northern Sweden (Norrland growth cities). Comparable regional Swedish mid-cap real estate operating platform with similar commercial mix and active acquisition model.
- Wallenstam AB: Swedish listed real estate company developing and managing residential and commercial properties in Stockholm, Gothenburg and Uppsala. Comparable as a Swedish residential+commercial operating platform with sustainability focus, though larger and more urban.
- Rikshem AB: Swedish residential real estate company owned by AP pension funds, focused on rental apartments and community-service properties in growth regions. Comparable to Nivika's residential and senior-housing segments.
Broad incumbents
- Heimstaden AB: Large pan-Nordic/EU residential real estate company. Comparable residential strategy but substantially larger and geographically broader; serves as a benchmark for Swedish residential operating platforms.
- Castellum AB: One of the largest Swedish listed commercial real estate companies with a pan-Swedish portfolio across office, logistics, retail and residential. Comparable broad Swedish commercial strategy but at much greater scale and capital-markets footprint than Nivika.
- Stena Fastigheter AB: Major Swedish residential real estate company owned by the Stena Group, focused on rental apartments in growth regions. Comparable to Nivika's residential portfolio strategy and local-management approach in Swedish cities.
- Balder AB: One of the largest Nordic listed real estate companies with diversified residential and commercial exposure across Sweden, Norway, Denmark, Finland and UK. Comparable diversified Swedish real estate platform but at substantially larger scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Nivika social profiles
Digital presenceNivika compliance and trust
Trust signalCompliance3 records
Nivika financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nivika leadership team
Management profileNumber of profiles
Profiles10 records
Nivika subsidiaries and ownership
Company hierarchySubsidiaries1 record
Nivika funding detail
Funding detailFunding overview
Funding rounds5 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nivika M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Nivika
What does Nivika do?
Nivika owns, manages, and develops a diversified real estate portfolio consisting primarily of commercial properties (industrial, warehouse, office, and community service properties) and residential apartments across approximately 15 municipalities in southern Sweden. The company focuses on high-yielding properties in the west Swedish triangle corridor (Jönköping, Värnamo, Växjö, and the West Coast), conducting acquisitions often off-market and managing properties locally with in-house staff. The portfolio is valued at approximately SEK 13.9 billion, with two-thirds of rental value from commercial real estate on triple-net leases and one-third from residential properties.
Is Nivika a public or private company?
Nivika is a public company. It is classified as public and is currently operating.
When was Nivika founded?
Nivika was founded in 2000. It employs 11 to 50 people.
Where is Nivika based?
Nivika is headquartered in Värnamo, Sweden, in the Europe region.
How does Nivika make money?
Three revenue lines are on record. Commercial Property Rental Income is the primary driver. The others are residential Property Rental Income and project Development and New Construction.
Who are Nivika's main competitors?
Direct peers on record are Catena AB, Wihlborgs Fastigheter AB, Kungsleden AB, Diös Fastigheter AB, Wallenstam AB and Rikshem AB. Broad incumbents are Heimstaden AB, Castellum AB, Stena Fastigheter AB and Balder AB.
Does Nivika have an API?
No public API is recorded for Nivika.
What industry is Nivika in?
Nivika's product category is Real Estate Services. Its primary akta.pro industry code is BPAJAMAJ, Real Estate Portfolio & Fund Management (Institutional/REIT/PE), with a secondary code of FSAAAKAL, Real Assets — Operating Platforms & Direct Investments. Its NAICS code is 525 and its SIC code is 6512.