What Stendorren Fastigheter does

Stendörren Fastigheter AB (publ) is a Swedish public property company listed on Nasdaq Stockholm Mid Cap (ticker STDF) that acquires, develops, and leases logistics, warehouse, and light industrial properties concentrated in Nordic urban growth regions. The company serves commercial tenants requiring modern, strategically located facilities in metropolitan and logistics submarkets across Sweden (Stockholm, Gothenburg, Uppsala, Västerås), Finland (Helsinki metro, including the SEK 1.3 billion portfolio near Helsinki Airport and the Järvenpää warehouse), and Norway (Mølladammen Næringspark). Core products comprise leased warehouse, logistics, light industrial, and production space, supplemented by an Easy Office serviced-office concept and a property development pipeline covering asset valorization, new construction (notably the Drömhuset sustainable logistics facility with a 40% lower climate footprint than reference building), and residential development enabled by an extensive building rights portfolio.

Revenue is generated primarily through recurring property rental income on medium to long-term commercial leases with annual indexation, complemented by capital appreciation from value-creating acquisitions and development. The company employs a sales-led go-to-market model with direct leasing supported by its corporate website (stendorren.se), an in-house leasing team reachable via phone and email, and Cision-distributed press releases. Pricing is quote-based and negotiated per property rather than on a standardized tier.

Financing is anchored by a Green Finance Framework under which Stendörren has issued senior unsecured green notes totaling SEK 700 million (framework capacity SEK 800 million), listed on Nasdaq Stockholm's sustainable bond list, alongside bank facilities. The company carries EPRA Index membership from December 19, 2025 and completed a SEK 645 million bank loan refinancing in November 2025 yielding approximately SEK 35 million in annualized interest savings. Operational scale signals include Q1 2026 rental income of SEK 224 million, a property book spanning roughly 63,000 sqm of newly acquired Finnish logistics space plus the existing Swedish portfolio, and headcount in the 11-50 band consistent with an asset-light operating model reliant on external advisors such as JLL (sell-side advisor on the Finnish portfolio acquisition) and capital partners Nordea, SEB, and Swedbank.

Name

Stendorren Fastigheter

Legal name

Stendörren Fastigheter AB (publ)

Website

https://stendorren.se

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

11–50 employees

Short description

Stendörren Fastigheter AB is a Nasdaq Stockholm Mid Cap-listed Swedish property company that acquires, develops, and leases logistics, warehouse, and light industrial properties to commercial tenants across Nordic growth regions in Sweden, Finland, and Norway.

Ownership category

akta.pro rank

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Others

Revenue model

1. Property Rental Income: The company generates rental income from leasing logistics, warehouse, light industrial, and commercial properties across Nordic growth regions. Properties are leased on medium to long-term contracts to commercial tenants. Revenue is recurring in nature with annual rent escalations typically included in lease agreements.
2. Property Acquisitions and Development: The company grows through value-creating acquisitions of existing property portfolios and development of new properties, creating net asset value growth. Acquisitions include light industrial properties in prime logistics locations.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Stendörren Fastigheter AB (publ) acquires, develops, and leases logistics, warehouse, and light industrial properties in Nordic growth regions, primarily Sweden and Finland. The company operates a focused portfolio of commercial properties leased to business tenants under medium- to long-term contracts, complemented by property development activities (valorization, new construction, and residential development) and a Green Finance Framework for sustainable financing.

Product overview

Stendorren Fastigheter AB is an expansive property company operating in logistics, warehouse, and light industrial real estate across Nordic growth regions. The company offers a unified portfolio of property types including retail spaces, warehouse/logistics facilities, production spaces, industrial/workshop areas, and office hotels through its Easy Office offering. The core product is property management and leasing, supported by property development services (valorization, new construction, and residential development) and a Green Finance Framework for sustainable financing. The company is listed on Nasdaq Stockholm Mid Cap and operates through value-creating acquisitions and development of existing assets.

Differentiator

Problem solved

Functional benefit

Brands

• Easy Office: Office hotel concept offered by Stendörren for flexible workspace solutions

Products and services

• Easy Office Flexible office hotel (serviced office) concept offered by Stendörren for businesses seeking adaptable and scalable workspace solutions within the company's property portfolio.
• Warehouse and Logistics Spaces Logistics and warehouse facilities in prime Nordic metropolitan locations (including near Helsinki Airport) leased to commercial tenants across multiple property categories.
• Light Industrial Properties Light industrial and manufacturing facilities including production spaces and industrial/workshop areas for lease to manufacturing and industrial businesses in Nordic growth regions.
• Property Management and Leasing Services Comprehensive property management and leasing of logistics, warehouse, light industrial, retail, production, and office spaces across Nordic growth regions (Sweden and Finland).
• Property Development Three development areas: property valorization (existing asset improvement), new construction, and residential development, leveraging Stendörren's extensive building rights portfolio for value creation.

Quantifiable outcome

• SEK 35 million annual interest cost savings through refinancing
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered major, core and minor.

• VingemajorImplementation/ SI/ Consulting Partner · 16 February 2026Vinge served as legal counsel to the company for the February 2026 tap issue of SEK 300 million senior unsecured green notes, supporting the company's financing activities under the existing framework.
• JLLcoreImplementation/ SI/ Consulting Partner · 26 January 2026JLL acted as sole sell-side advisor in the landmark sale of 14 light industrial properties in Finland to Stendörren for approximately SEK 1.3 billion. The portfolio comprises roughly 63,000 sqm of leasable area near Helsinki Airport, described as one of the most significant light industrial portfolio deals in the Finnish market in recent years.
• WhistleBminorImplementation/ SI/ Consulting Partner · 15 December 2025WhistleB, Whistleblowing Centre provides Stendörren's external whistleblowing service. The encrypted, password-protected communication channel ensures reporter anonymity. All messages are treated confidentially as part of the company's governance framework.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Nyfosa AB: Swedish commercial property company with significant exposure to logistics, warehouse, and light industrial assets in Nordic growth regions. Comparable business model of acquiring and developing commercial properties for leasing.
• Sagax AB: Swedish listed property company focused on industrial and warehouse properties. Directly comparable in asset class, customer segment (industrial/logistics tenants), and Nordic geographic focus.
• Annehem Fastigheter AB: Swedish listed property company focused on commercial properties including logistics and light industrial in Nordic growth regions. Comparable mid-cap profile with growth-oriented acquisition strategy.
• NP3 Fastigheter AB: Swedish listed property company focused on commercial properties including logistics, warehouse, and light industrial in Nordic growth regions. Direct competitor with similar mid-cap scale and value-add acquisition strategy.
• Wihlborgs Fastigheter AB: Swedish listed property company with a portfolio that includes logistics, industrial, and office properties in the Öresund region. Comparable in property type mix and Nordic geographic focus.
• Catena AB: Swedish listed property company specializing in logistics and warehouse properties along Nordic transport corridors. Direct competitor with similar focus on logistics property leasing to commercial tenants in the Nordics.

Regional players

• Brinova Fastigheter AB: Swedish listed property company with commercial properties including logistics and light industrial assets. Comparable Nordic regional presence with similar mid-cap commercial property focus.
• Cibus Nordic Real Estate AB: Nordic listed property company focused on grocery-anchored retail and logistics properties. Comparable Nordic regional focus and similar acquisition-driven growth model, though concentrated in grocery/retail logistics rather than general industrial.

Broad incumbents

• Castellum AB: One of Sweden's largest listed commercial property companies with a diversified portfolio across logistics, office, and retail. Broader incumbent with overlapping logistics/industrial exposure but greater scale and diversification.

Emerging players

• K2A Knaust & Andersson Fastigheter AB: Swedish listed property company with exposure to logistics, light industrial, and residential development. Comparable Nordic growth region focus and smaller-mid cap profile with development pipeline.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/stendorren
• LinkedInlinkedin.com/company/stendorren

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds7 records

Investors6 records

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

M&A1 record

Investments

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

Frequently asked questions about Stendorren Fastigheter