NP3 Fastigheter AB

What NP3 Fastigheter AB does

NP3 Fastigheter AB (publ) is a Swedish publicly listed real estate company headquartered in Sundsvall that owns, develops, and manages commercial investment properties with a focus on high direct yields, primarily in northern Sweden. The company operates a portfolio of approximately 2,379,000 square meters of rentable commercial space spanning a wide geographic corridor from Uddevalla in the south to Kiruna in the north, encompassing industrial/workshop, office, retail, warehouse/logistics, and other commercial assets. The company has expanded its footprint into adjacent mid-Sweden markets such as Skaraborg and Trestad through acquisitions.

The company generates revenue almost entirely through rental income from its commercial property portfolio, supplemented by property management and development activity. Its core product set includes the Commercial Property Portfolio, ongoing Property Acquisitions as a growth lever, direct Leasing Services across multiple commercial use-cases, Property Development Projects, and Sustainability Services including green financing programs. The go-to-market is sales-led and direct: tenants are acquired through NP3's own regional offices and local property managers across northern Sweden without intermediary brokers, supported by a corporate website, investor relations communications, and press release channels.

The business is capital-intensive and operationally lean, with a headcount of 11-50 employees servicing the entire portfolio. Financially, NP3 reported 2023 revenue of SEK 2,274 million and net income of SEK 1,275 million, while Q2 2026 rental income reached SEK 621 million (up 10% year-over-year) and profit from property management was SEK 318 million (up 13% year-over-year), supporting a raised 2026 full-year forecast of SEK 1,240 million in profit from property management. The capital structure includes an MTN program, outstanding bonds subject to active liability management, and green financing instruments. NP3 Förvaltning AB serves as a wholly-owned subsidiary used to administer employee stock option incentive programs that have been in place since 2018.

Name

NP3 Fastigheter AB

Legal name

NP3 Fastigheter AB

Website

https://np3fastigheter.se

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

NP3 Fastigheter AB (publ) is a Swedish publicly listed commercial real estate company that owns, develops, and manages approximately 2.379 million square meters of high-yield commercial rental space across northern Sweden, from Uddevalla to Kiruna, generating revenue primarily through rental income.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment and Property Management

NAICS

Lessors of Real Estate (5311), Rental and Leasing Services (532), Real Estate and Rental and Leasing (53)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Investment Trusts (6798)

akta.pro primary industry

Real Assets — Operating Platforms & Direct Investments (FSAAAKAL)

akta.pro secondary industries

Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA), Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)

Keywords

• Commercial real estate
• Property investment
• Commercial property leasing
• Property management
• Northern Sweden market

Headquarters

HQ city

Sundsvall

HQ country

Sweden

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Others

Revenue model

1. Rental income from commercial properties: NP3 generates revenue primarily through rental income from its portfolio of commercial investment properties. The company acquires and manages commercial properties in northern Sweden, with a focus on high-yield assets. Revenue for 2023 was SEK 2,274 million.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

NP3 Fastigheter owns, acquires, develops, and manages a portfolio of commercial investment properties with high direct yields, primarily located in northern Sweden. The portfolio spans approximately 2,379,000 square meters of rentable space from Uddevalla in the south to Kiruna in the north, covering industrial/workshop, office, retail, warehouse/logistics, and other commercial premises leased directly to commercial tenants. Revenue is generated through rental income and property management, supported by selective acquisitions and green financing.

Product overview

NP3 Fastigheter is a publicly listed Swedish real estate company focused on commercial investment properties with high yields, primarily located in northern Sweden. The company operates a unified property management business offering commercial property leasing through an integrated portfolio of 2,379,000 square meters of rentable space spanning from Uddevalla to Kiruna. The core offerings include property portfolio management, acquisitions in new and existing markets, leasing services for commercial spaces (industrial, office, retail, warehouse/logistics), and property development projects. Supporting services include sustainability initiatives and green financing programs. Revenue is generated primarily through rental income from the property portfolio and profit from property management.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Property Leasing Direct leasing of commercial premises including industrial/workshop, office, retail, warehouse/logistics, and other commercial space to commercial tenants across northern Sweden.
• Commercial Property Portfolio Management Management of an owned portfolio of approximately 2,379,000 square meters of high-yield commercial investment properties spanning from Uddevalla to Kiruna.
• Property Development Projects Development and project management of commercial properties to improve cash flow and property values, with a portfolio of ongoing and completed projects.

Quantifiable outcome

• Rental income grew 10% year-over-year to SEK 621 million in Q2 2026.
• +1 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Diös Fastigheter AB: Swedish listed commercial real estate company with an explicit focus on cities and towns in northern Sweden. Diös is NP3's closest comparable in geography, tenant mix (commercial/industrial/public-sector), and high-yield investment strategy.
• Nyfosa AB: Swedish listed real estate company investing in commercial properties with high yields across Sweden and the Nordics, including industrial/logistics. Same asset-strategy playbook as NP3 but with broader geographic scope.

Broad incumbents

• Castellum AB: Sweden's largest listed commercial real estate company, owning office, logistics, retail and mixed-use assets across the country. Overlaps NP3 in commercial leasing and increasingly in regional/secondary markets where NP3 is now expanding.
• Fabege AB: Swedish listed real estate company focused on prime office and commercial properties, primarily in Stockholm. A relevant incumbent for capital markets and leasing comparisons, though concentrated in higher-rent urban markets than NP3.
• Kungsleden AB: Swedish listed commercial real estate company owning office, industrial/logistics and retail assets across Sweden. Comparable business model and listed-Swedish-reit structure to NP3, with a more diversified geographic footprint.
• Catena AB: Swedish listed real estate company focused on logistics and warehouse properties. Comparable in commercial property leasing and Stockholm-listed status; partially overlapping in warehouse/logistics assets within NP3's portfolio mix.
• Balder AB: Large Swedish listed real estate company with diversified commercial and residential assets across Sweden and Europe. Comparable in scale of capital-markets activity and commercial property investment, with broader geographic and asset-type scope.
• Samhällsbyggnadsbolaget i Norden AB (SBB): Swedish listed real estate company with significant exposure to community service properties, commercial and residential assets across the Nordics. Comparable in listed-Swedish-reit structure and broad commercial property investment mandate.

Regional players

• Wihlborgs Fastigheter AB: Swedish listed commercial real estate company concentrated in the Öresund region. Comparable in commercial leasing business model and listed-Swedish-reit structure, though a different geographic focus than NP3's northern Sweden base.
• Stena Fastigheter AB: Privately held Swedish real estate company owning residential and commercial properties, primarily in Gothenburg/west Sweden. Comparable commercial property investment model; not listed but a relevant private-market benchmark for Swedish commercial real estate operators.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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 NP3 Fastigheter AB