Wihlborgs Fastigheter

What Wihlborgs Fastigheter does

Wihlborgs Fastigheter AB is a Swedish commercial real estate company headquartered in Malmö, founded in 1924 and publicly listed on Nasdaq Stockholm under the ticker WIHLY. It is the market-leading landlord of commercial property in the Öresund region, with a portfolio of approximately 100 properties covering nearly 600,000 sqm in Malmö, over 100 properties in Helsingborg, additional holdings in Lund (notably in Ideon Science Park), and a recently acquired first property in Copenhagen, Denmark. The company manages a property portfolio valued at SEK 64.41 billion as of end-2025 and generated full-year 2025 rental income of SEK 4.35 billion (+4% YoY) with pre-tax profit of SEK 2.90 billion.

The company generates revenue primarily through long-term commercial leases of office, retail, and industrial space, supplemented by property acquisition and divestment activities for portfolio optimization. It serves a broad tenant base across enterprise and mid-market commercial businesses — including technology, life sciences, healthcare, media, and consumer goods tenants (e.g., Cloetta, AstraZeneca, TÜV SÜD Domutech, Nordisk Film Biografer, Cepheo) — as well as startups and SMBs through coworking partnerships with Mindpark, Spaces, High Court, and WTC. Distribution is sales-led via on-site property managers in each location and supported by dedicated leasing teams across the four regional markets, with channel partners handling flexible workspace offerings inside Wihlborgs-owned buildings.

Wihlborgs operates a recurring subscription-equivalent revenue model anchored by multi-year leases, complemented by one-time transaction income from portfolio rebalancing (most notably the announced June 2026 SEK 13.3 billion acquisition of Castellum's Skåne portfolio). It pursues product differentiation through sustainability certifications (Miljöbyggnad Silver/Gold, Noll CO2, WELL), historic-building renovations (Börshuset, Svea 7, Fabriken1891), and innovation-anchored developments (Prisma/HETCH, Media Evolution City, Ideon Science Park). The company is led by CEO Ulrika Hallengren and operates with net debt/EBITDA of 10.5x, reflecting the capital-intensive nature of its property business.

Name

Wihlborgs Fastigheter

Legal name

Wihlborgs Fastigheter AB

Website

https://wihlborgs.se

Company type

Public

Founded year

1924

Operating status

Operating

Headcount range

101–250 employees

Short description

Wihlborgs Fastigheter is a publicly listed Swedish commercial real estate company (Nasdaq Stockholm: WIHLY) and the leading landlord of office, retail, and lab space in the Öresund region, with a SEK 64.41 billion property portfolio across Malmö, Helsingborg, Lund, and Copenhagen.

Ownership category

akta.pro rank

Headquarters

HQ city

Malmö

HQ country

Sweden

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Others

Revenue model

1. Commercial Property Rental Income: Wihlborgs generates primary revenue through leasing commercial office, retail, and industrial spaces across the Öresund region. The company reports record rental income of SEK 1.150 billion in Q1 2026 and SEK 4.35 billion for full-year 2025, with property management income of SEK 556 million in Q4 2025 (up 23% year-over-year). The revenue model is subscription-recurring based on long-term commercial leases.
2. Property Acquisition/Divestment: The company engages in property transactions for portfolio optimization. Major transaction includes the acquisition of Castellum's Skåne portfolio for SEK 13.3 billion, which will contribute to future rental income streams.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Wihlborgs Fastigheter is a Swedish commercial real estate company that owns, develops, and leases office, retail, industrial, and laboratory properties across the Öresund region (Malmö, Helsingborg, Lund, and Copenhagen). The company generates rental income from a portfolio of nearly 600,000 sqm in Malmö alone and over 100 properties in Helsingborg, complemented by coworking and serviced-office offerings operated through partner brands.

Product overview

Wihlborgs Fastigheter is a Swedish commercial real estate company operating across the Öresund region (Malmö, Helsingborg, Lund, and Copenhagen). The company offers a portfolio of office spaces for rent ranging from traditional long-term leases to flexible coworking arrangements through partner operators including Mindpark, Spaces, High Court, and WTC concepts. Key named properties include historic renovated buildings (Börshuset, Svea 7), tech-focused developments (Prisma with HETCH hub, MEC for media innovation), new sustainable constructions (Naboland, Smörkajen), and established business park locations (Ideon Science Park). The company also acquired its first Copenhagen property in Carlsberg Byen.

Differentiator

Problem solved

Functional benefit

Products and services

• Office Spaces for Rent (Kontor)
• Coworking / Office Hotels (Kontorshotell)
• Ideon Science Park Lab and Office Spaces

Quantifiable outcome

• Property portfolio value reached SEK 64.41 billion by end of 2025
• +3 more outcomes

Named customers12 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered major, minor, strategic and core.

• CastellummajorStrategic or Co-development Partner · 25 June 2026Wihlborgs acquired Castellum's entire property portfolio in Skåne (Malmö, Lund, Helsingborg, Ängelholm, and Burlöv) for SEK 13.3 billion in a major consolidation of the Swedish commercial real estate market. This represents the largest transaction for Castellum's CEO Pål Ahlsén since taking office.
• Carlsberg Byen (Property Developer)minorStrategic or Co-development Partner · 23 February 2026Wihlborgs acquired commercial parts of Caroline Hus property in Carlsberg Byen, Copenhagen from the Carlsberg property development project, marking the company's first premises in Denmark.
• High CourtstrategicChannel Partner/ Reseller/ Distributor · 1 January 2023High Court operates coworking, bakery, restaurant, conference service, and office hotel in Börshuset in Malmö, providing flexible workspace solutions for tenants in Wihlborgs' newly renovated historic property.
• MindparkstrategicChannel Partner/ Reseller/ Distributor · 1 January 2023Mindpark operates coworking and office hotel spaces in Wihlborgs properties including Slagthuset and Kvartetten in Malmö, and Fabriken1891 in Helsingborg, providing flexible workspace solutions.
• SpacesstrategicChannel Partner/ Reseller/ Distributor · 1 January 2023Spaces operates coworking spaces in Wihlborgs' Vista building in Hyllie, Malmö, providing flexible workspace solutions.
• HETCHcoreStrategic or Co-development Partner · 4 December 2019HETCH is the tech hub that serves as the anchor tenant and nav for Wihlborgs' Prisma office building in Helsingborg's Oceanhamnen district. HETCH provides coworking, accelerator programs, startup community, and flexible workspaces for tech companies. The partnership aims to position Helsingborg as a leading tech city.
• Media EvolutioncoreStrategic or Co-development Partner · 1 January 2012Wihlborgs created Media Evolution City (MEC) in 2012 together with Media Evolution organization - a meeting place for media industry innovation and development. The 7,000 sqm property hosts companies in media, technology, and innovation sectors.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Castellum: Castellum is one of Sweden's largest commercial real estate companies with significant office holdings; Wihlborgs is acquiring Castellum's entire Skåne portfolio for SEK 13.3 billion, making it the most directly comparable peer in the Swedish office market.
• Vasakronan: Vasakronan is Sweden's largest office landlord, jointly owned by AP Funds, with a national portfolio concentrated in Stockholm, Gothenburg, and Öresund. Directly comparable to Wihlborgs as a major Swedish office-focused property company serving enterprise tenants.
• Fabege: Fabege is a Stockholm-focused Swedish office REIT with a strong CBD portfolio. Comparable to Wihlborgs in business model (office leasing, urban development focus) although primarily operating in Stockholm rather than Öresund.
• Balder: Balder is one of Sweden's largest property companies with a diversified commercial portfolio across Sweden and Europe; comparable in scale and capital markets profile to Wihlborgs. Listed on Nasdaq Stockholm.
• Kungsleden: Kungsleden owns and manages commercial properties in Sweden with a focus on office, retail, and industrial space in select growth regions. Direct peer to Wihlborgs in regional Swedish commercial real estate.
• Platzer Fastigheter: Platzer is a Gothenburg-based Swedish commercial real estate company focused on office and commercial properties, primarily in the Gårdalund and Mölndal areas. Comparable office-focused business model to Wihlborgs in a different Swedish regional market.
• Stena Fastigheter: Stena Fastigheter is the real estate arm of the Stena Group, operating commercial and residential properties primarily in Stockholm, Gothenburg, and Malmö regions. Comparable office portfolio strategy to Wihlborgs, particularly in Malmö.
• Hufvudstaden: Hufvudstaden is a Swedish premium office and retail property company with landmark holdings in Stockholm (Bibliotekstan, Norrmalmstorg). Directly comparable business model — long-term ownership and leasing of high-quality office space in Nordic cities — though at a more premium positioning than Wihlborgs.

Broad incumbents

• Storskogen: Storskogen is a diversified Swedish holding company with some commercial real estate and business space operations. Less directly comparable but operates in similar Swedish markets and is a publicly listed Swedish firm of comparable scale.

Regional players

• Catena: Catena is a Swedish logistics and warehouse real estate company. While focused on logistics rather than office (its core asset class differs from Wihlborgs'), it is a publicly listed Swedish commercial property peer of comparable scale and capital markets profile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCMFTjr7XLKKQdAdxVLphexw
• Facebooksv-se.facebook.com/wihlborgs
• LinkedInse.linkedin.com/company/wihlborgs-fastigheter
• Instagraminstagram.com/wihlborgs_fastigheter
• Xx.com/wihlborgs

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wihlborgs Fastigheter