Fabege
Fabege is a publicly listed Stockholm-focused commercial real estate company owning and developing 1.3 million sqm of office and commercial properties across multiple city districts, serving enterprise tenants with traditional leases, flexible workspaces, and urban development services.
- Company typePublic
- Founded1924
- HeadquartersStockholm, Sweden
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Fabege does
Fabege is a Stockholm-focused, publicly listed (Nasdaq Stockholm Large Cap, ticker SE0011166970/SE0011166974) commercial real estate company founded in 1924 that owns, manages, and develops office and commercial properties across multiple submarkets including the inner city, Arenastaden, Hagastaden, Solna Business Park, Hammarby Sjöstad, and Älvsjö. The company operates a portfolio of 1.3 million sqm with a Q1 2026 property valuation of SEK 78.6 billion and annualized rental value of SEK 4.4 billion, serving enterprise tenants such as SEB, Toca Boca, Miele, Bengt Dahlgren, Endress+Hauser, and Swish. Its product surface spans traditional office and retail leases alongside flexible workspace offerings (CoW coworking, NOW move-in-ready offices, RUM meeting rooms), tenant benefit services (VOV dog daycare, WAW Work Away from Work, green leases), and urban development projects that include residential construction and circular building practices, with 100% of the portfolio environmentally certified.
Fabege's revenue model is recurring rental income from long-term office and commercial leases, supplemented by service fees from flexible workspace, meeting room rental, and add-on tenant services. Go-to-market is direct, with on-site property teams in each Stockholm district and a digital property search portal supporting self-serve browsing. Capital structure is investment-grade (Moody's Baa2 stable, affirmed November 2025) with a 43% loan-to-value ratio (below the 50% target), 2.6x interest coverage (above the 2.2x target), and SEK 15 billion+ in bonds and certificates issued during the year. Technology is operational rather than transformative — online property listings, customer portals, and service request systems — with no disclosed AI/ML capability. Tenant satisfaction is high, with 95–97% of tenants reporting they would recommend Fabege as a landlord, and the company differentiates through district-level urban development, full property certification, and integrated on-site service ecosystems.
Recent strategic actions include the appointment of Bent Oustad as CEO, a partnership with Carotte Group to operate services at the Wenner-Gren Center, anchor leases with Endress+Hauser (Solna Business Park, spring 2027) and Swish (Drottninggatan 29, spring 2026), and the 2026 AGM-approved SEK 2.20 per share dividend alongside board refresh.
Fabege firmographics
Firmographics- Name
- Fabege
- Legal name
- Fabege AB (publ)
- Website
- https://fabege.se
- Company type
- Public
- Founded year
- 1924
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Fabege is a publicly listed Stockholm-focused commercial real estate company owning and developing 1.3 million sqm of office and commercial properties across multiple city districts, serving enterprise tenants with traditional leases, flexible workspaces, and urban development services.
- Ownership category
- akta.pro rank
Fabege industry classification
Industry- Product category
- Commercial Real Estate
- NAICS
- Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Real Estate Property Managers (53131)
- SIC
- Operators Of Nonresidential Buildings (6512), Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Office Property Management (BPAJAGAA)
- akta.pro secondary industry
- Office Real Estate Asset Management (BPAJAMAG)
Keywords
Where Fabege is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices5 records
Markets served
Fabege business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- Commercial Property Rental Income: Fabege generates revenue primarily through leasing office and commercial spaces to tenants across its Stockholm property portfolio. Rental income is recurring in nature, derived from a diverse tenant base across multiple properties. The company also earns income from residential development activities.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Office and commercial space leasing with flexible options including coworking (CoW), move-in ready offices (NOW), and meeting room rentals (RUM) |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Fabege product offering
Product offeringCore offering
Fabege owns, develops, and manages office and commercial properties in the Stockholm metropolitan area, leasing space to corporate tenants across multiple city districts. The portfolio spans traditional long-term office leases, coworking and move-in-ready offices, meeting rooms, new construction and renovation projects, and broader urban district development including residential properties. Tenant services, on-site property teams, and a fully environmentally certified portfolio are integrated into the offering.
Product overview
Fabege is a Stockholm-focused commercial real estate company offering a comprehensive portfolio of office and commercial properties. The product portfolio includes traditional office space rentals (Kontorslokaler), flexible workspace solutions through CoW (coworking), move-in ready offices via NOW, and meeting room rentals through RUM. The company provides development and new construction services for commercial properties, as well as urban development offerings including residential properties. Tenant benefits are delivered through add-on services like VOV (dog day care), WAW (Work Away from Work), and green lease programs. The company operates across multiple Stockholm districts including City, Hagastaden, Västra Kungsholmen, Arenastaden, Solna Business Park, Hammarby Sjöstad, and Älvsjö.
Differentiator
Problem solved
Functional benefit
Products and services
- Office Premises (Kontorslokaler) Traditional office space rentals across Stockholm for corporate tenants, ranging from small offices to large commercial premises up to 18,000 square meters, located across multiple business districts including Arenastaden, Hagastaden, Solna Business Park, and Hammarby Sjöstad.
- Retail and Commercial Spaces (Butikslokaler) Retail and commercial space rentals in Stockholm locations, offered as part of Fabege's commercial real estate portfolio for retail tenants and consumer-facing businesses.
- New Construction and Development Projects (Nyproduktion & Utvecklingsprojekt) New construction and development of commercial properties in Stockholm, including renovations of iconic buildings such as the Wenner-Gren Center, delivered as built-to-suit and speculative development assets within Fabege's portfolio.
- CoW CoWorking Flexible coworking and serviced office spaces offered at multiple Fabege locations including Arenastaden, Hagastaden, Hammarby Sjöstad, and Älvsjö, targeting small businesses, project teams, and professionals needing flexible, subscription-based workspace in Stockholm.
- NOW Move-in Ready Offices (NOW - Inflyttningsklara kontor) Move-in ready, pre-furnished office spaces available for tenants needing quick occupancy solutions, offered as a flexible alternative to traditional custom office leases across Fabege's Stockholm portfolio.
- RUM Meeting Room Rentals Meeting room rental service allowing customers to easily book conference and meeting spaces across Fabege's Stockholm properties on a flexible, on-demand basis.
- Urban District Development (Stadsutveckling) Comprehensive urban development services including residential properties, circular construction, and city district development in Stockholm, sold to municipalities, developers, and partners as integrated urban planning engagements.
- Green Leases (Grönt hyresavtal) Sustainable lease agreements with environmental requirements and incentives for tenants, offered as a differentiated lease product to corporate tenants seeking sustainability-aligned office space.
- Wenner-Gren Center Full-Service Property Full-service office property at the Wenner-Gren Center in Stockholm, offering reception, restaurant, gym, conference facilities, and flexible office solutions, co-managed with Carotte Group for hospitality services.
Quantifiable outcome
- 97% of tenants would recommend Fabege as landlord
- +4 more outcomes
Companies that use Fabege
Customer profileNamed customers6 records
Segments2 records
Ideal customer profiles2 records
Fabege technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Fabege partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Carotte GroupminorFabege partnered with Carotte Group to operate food and service functions within the Wenner-Gren Center property in Stockholm. Carotte Group manages the restaurant and hospitality services as part of the building's full-service offering, which includes reception, restaurant, gym, conference facilities, and flexible office solutions.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
Fabege competitors and assessment
Company assessmentDirect peers
- Vasakronan: Vasakronan is the largest domestic Swedish commercial real estate company and the most direct competitor to Fabege, also listed on Nasdaq Stockholm with a focus on office properties concentrated in Stockholm and other Swedish cities. Same REIT structure, same office leasing model, near-identical tenant base overlap.
- Hufvudstaden: Hufvudstaden is a Stockholm-listed premium office property owner operating in central Stockholm (the 'Hufvudstaden portfolio'), making it the closest geographic and product overlap to Fabege's inner-city Stockholm offices. Both target high-end corporate tenants and premium rents in overlapping submarkets.
- Atrium Ljungberg: Atrium Ljungberg is a Nasdaq Stockholm-listed Swedish commercial real estate company with substantial urban office and mixed-use exposure in Stockholm (Slussen, Sickla, Hagastaden overlapping with Fabege). Comparable office leasing model with similar tenant profiles and city-district development approach.
- Castellum: Castellum is one of the largest Swedish listed commercial real estate companies with a heavy office and logistics portfolio. It competes with Fabege for institutional capital, investment-grade debt access, and overlapping Swedish tenant demand, though it operates more broadly across Sweden and the Nordics.
- Wallenstam: Wallenstam is a Stockholm-listed Swedish real estate company focused on commercial and residential properties in Stockholm and Gothenburg. Its Stockholm office holdings and focus on sustainable, district-level development closely mirrors Fabege's playbook.
- Kungsleden: Kungsleden is a Nasdaq Stockholm-listed Swedish commercial real estate company with a portfolio of office, industrial, and mixed-use properties across Sweden. Overlaps with Fabege in Swedish office leasing and follows the same listed-REIT capital structure.
- NP3 Fastigheter: NP3 Fastigheter is a Swedish commercial real estate company with a focus on office and retail properties in northern Sweden. Similar listed-REIT structure and comparable office leasing operations, though geographically focused further north than Fabege's Stockholm concentration.
Emerging players
- Heimstaden: Heimstaden is a major Nordic residential-focused real estate company with operations across Sweden and Europe. It is a useful comparable for Fabege's emerging residential/bostäder development business, though its core focus is residential rather than commercial offices.
Broad incumbents
- Balder: Balder is one of Sweden's largest listed real estate companies with diversified commercial, residential, and hotel holdings. While broader and less Stockholm-office-centric than Fabege, it competes for capital, talent, and large corporate tenants across the Nordics.
Regional players
- Dios Fastigheter: Dios Fastigheter is a Swedish real estate company focused on office properties in Stockholm's inner city. Smaller than Fabege but operating in the same core submarket with the same office leasing and city-district development thesis.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Fabege social profiles
Digital presenceFabege financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fabege leadership team
Management profileNumber of profiles
Profiles17 records
Fabege funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fabege 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 Fabege
What does Fabege do?
Fabege owns, develops, and manages office and commercial properties in the Stockholm metropolitan area, leasing space to corporate tenants across multiple city districts. The portfolio spans traditional long-term office leases, coworking and move-in-ready offices, meeting rooms, new construction and renovation projects, and broader urban district development including residential properties. Tenant services, on-site property teams, and a fully environmentally certified portfolio are integrated into the offering.
Is Fabege a public or private company?
Fabege is a public company. It is classified as public and is currently operating.
When was Fabege founded?
Fabege was founded in 1924. It employs 101 to 250 people.
Where is Fabege based?
Fabege is headquartered in Stockholm, Sweden, in the Europe region.
How does Fabege make money?
One revenue line is on record: commercial Property Rental Income.
Who are Fabege's main competitors?
Direct peers on record are Vasakronan, Hufvudstaden, Atrium Ljungberg, Castellum, Wallenstam, Kungsleden and NP3 Fastigheter. Heimstaden is listed as an emerging player. Balder is listed as a broad incumbent. Dios Fastigheter is listed as a regional player.
Does Fabege have an API?
No public API is recorded for Fabege.
What industry is Fabege in?
Fabege's product category is Commercial Real Estate. Its primary akta.pro industry code is BPAJAGAA, Office Property Management, with a secondary code of BPAJAMAG, Office Real Estate Asset Management. Its NAICS code is 531120 and its SIC code is 6512.