Svenska Handelsfastigheter

What Svenska Handelsfastigheter does

Svenska Handelsfastigheter (legal entity LSTH Svenska Handelsfastigheter AB) is a Swedish commercial real estate company that owns, develops, and manages external retail properties across Sweden. Founded in 2015 by Lennart Sten, Thomas Holm, and Johan R\u00f6hss, the company has grown into Sweden's largest property owner within the external commerce (externhandel) segment, operating a portfolio of 318 properties totaling more than 1,000,000 square meters across 150 municipalities from Boden in the north to Trelleborg in the south. The portfolio is valued at approximately 24.7 billion SEK.\n\nThe company's core business is the development and long-term leasing of external retail locations — primarily grocery-anchored and discount-retail shopping areas — to leading Swedish and international retailers including ICA Maxi, Lidl, Coop, Systembolaget, \u00d6oB, Power, XXL, JYSK, Rusta, and Stadium. Approximately 70% of rental income derives from grocery, daily goods, and low-price segments, which the company characterizes as relatively recession-resistant. Operations are organized across five regional offices (Stockholm HQ, Helsingborg for the southern region, Borl\u00e4nge for the northern region, plus Kalmar and \u00d6rnsk\u00f6ldsvik) with a dedicated business development team that co-develops sites with municipalities and tenants.\n\nThe revenue model is recurring commercial rental income from long-term leases, supplemented by property management fees and green bond financing (a 5 billion SEK MTN program listed on Nasdaq Sustainable Bonds List). The company is privately held, with ownership shared among its three founders and institutional investors Fj\u00e4rde AP-fonden and K\u00e5pan Pensioner, which provide long-term pension capital. Notable ESG credentials include the highest Sustainalytics sustainability rating among Swedish property companies (2023), SBTi-validated climate targets for 2035, UN Global Compact signatory status, and a Cicero-assessed Green Bond Framework. The company describes itself as ready for stock exchange listing but is not yet publicly listed.

Name

Svenska Handelsfastigheter

Legal name

LSTH Svenska Handelsfastigheter AB

Website

https://handelsfastigheter.se

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Svenska Handelsfastigheter is a Swedish commercial real estate company that owns, develops, and manages external retail properties across Sweden, serving leading grocery and discount retailers. It operates 318 properties spanning over 1,000,000 sqm across 150 municipalities, valued at ~24.7 billion SEK.

Ownership category

akta.pro rank

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

Retail Property Management (BPAJAGAB)

Keywords

• Commercial real estate
• Retail property management
• Property development services
• External commerce properties
• Commercial leasing services

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Commercial Property Rental Income: The company generates revenue through long-term commercial leases with retailers in external commerce properties. Approximately 70% of rental income comes from tenants in groceries, daily goods, and low-price segments, providing stable and relatively recession-resistant cash flows. The company develops, owns, and manages retail properties across Sweden.

Distribution channels3 records

Marketing channels4 records

Core offering

Svenska Handelsfastigheter owns, develops, and manages external retail properties across Sweden, with a portfolio of 318 properties totaling over 1,000,000 square meters in 150 municipalities. The company provides long-term commercial leases to retailers primarily in the grocery, daily goods, and low-price segments, with approximately 70% of rental income from these segments. Core services include property management, property development in collaboration with municipalities and tenants, and operation of trading places (retail parks) throughout Sweden.

Product overview

Svenska Handelsfastigheter is a Swedish commercial real estate company that owns, develops, and manages external retail properties across Sweden. The company operates a portfolio of 318 properties totaling over 1,000,000 square meters across 150 municipalities. The core offering consists of Property Management (Fastighetsförvaltning), Property Development (Fastighetsutveckling), and Trading Places (Handelsplatser) services. The company primarily focuses on grocery retail (dagligvaruhandel) and discount retail (lågprishandel) tenants. Supporting services include Service Request (Serviceanmälan) and Fault Reporting (Felanmälan) systems for tenants, as well as Available Premises listings (Lediga lokaler) for prospective tenants. The company also offers Green Bond financing as part of its financial products. Notable trading places include Strömpilen in Umeå, Härlöv in Kristianstad, Ingelsta Marknad in Norrköping, and Valbo Köpstad in Gävle.

Differentiator

Problem solved

Functional benefit

Products and services

• Fastighetsf\u00f6rvaltning (Property Management)

Named customers20 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

Partnerships

Eight partnerships are on record, tiered core and minor.

• ÖoBcoreStrategic or Co-development Partner · 18 June 2026Low-price retail chain that extended all ten lease agreements with Svenska Handelsfastigheter in June 2026, demonstrating long-term partnership commitment and shared vision for collaboration.
• MiominorStrategic or Co-development Partner · 17 June 2026New tenant signed for development at Bromma Blocks retail location in 2026, representing part of the future tenant mix for this major retail development project.
• PowercoreStrategic or Co-development Partner · 17 June 2026Electronics retailer expanding presence through new store at Bromma Blocks development (2026). Already an existing tenant at Strömpilen (Umeå), Ingelsta Marknad (Norrköping), and Valbo Köpstad (Gävle).
• JYSKminorStrategic or Co-development Partner · 17 June 2026Home goods retailer signed for new development at Bromma Blocks in 2026, joining the tenant mix for this major retail development.
• LidlcoreStrategic or Co-development Partner · 16 June 2026Major grocery retailer with multi-year agreement for new store development at Boländerna. Also anchor tenant in recently acquired properties in Borås and Vaggeryd (July 2026). Key strategic partner for grocery-anchored retail developments.
• Science Based Targets initiative (SBTi)coreStrategic or Co-development PartnerPartnership for climate action commitment. Company signed SBTi commitment letter and received validated climate targets in 2026, aligning with Paris Agreement 1.5-degree goal.
• UN Global CompactcoreStrategic or Co-development PartnerSignatory participant supporting the Ten Principles regarding human rights, labor rights, environment, and anti-corruption as part of the company's sustainability governance.
• Cicero Shades of GreenminorOthersIndependent ESG rating firm that provided second party opinion on the company's Green Bond Framework, confirming alignment with ICMA Green Bond Principles.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Catena: Swedish-listed real estate company focused on logistics, warehouse and last-mile properties. Comparable as a Swedish institutional property platform with a Nordic tenant base, but with a logistics-heavy rather than retail-park mix.
• Hufvudstaden: Swedish premium commercial real estate company focused on retail and office properties in prime Stockholm and Gothenburg locations. Comparable as a long-term institutional Swedish retail landlord, though in prime city-center locations rather than external retail parks.
• Vasakronan: Sweden's largest property company, owned by the First, Second, Third and Fourth AP funds. Comparable as a major Swedish institutional landlord backed by pension capital, but predominantly office-focused with limited external-handel retail exposure.
• Kungsleden: Swedish commercial real estate company with a portfolio spanning office, retail, logistics and light-industrial assets. Comparable in scale and institutional ownership profile, though retail is only part of a diversified mix.
• Atrium Ljungberg: Swedish listed real estate company focused on urban commercial properties, retail and residential development in major growth regions. Comparable as a Swedish institutional retail-property operator, but with a city-center rather than external-commerce focus.
• Diös Fastigheter: Swedish commercial real estate company focused on regional cities in northern Sweden. Comparable as a regional Swedish property owner with retail exposure, though its focus is more on mixed commercial assets in growth cities than on external retail parks.
• Castellum: One of the largest listed commercial real estate companies in the Nordics with a broad portfolio of office, logistics and retail properties across Sweden. Comparable as a major Swedish commercial landlord with institutional scale, though its retail exposure is a small share of total assets.

Direct peers

• Trophi Fastighets AB: Swedish property company focused on external commerce and daily-goods-anchored retail parks. Directly comparable to Svenska Handelsfastigheter in asset class, tenant mix and external-handel positioning, though smaller in scale.

Emerging players

• Stenhus Fastigheter: Swedish listed property company with a portfolio of commercial real estate including retail and warehouse/logistics assets. Comparable as a smaller Swedish institutional retail-property landlord, with a more diversified and emerging portfolio.

Regional players

• Citycon: Nordic shopping-center owner and operator headquartered in Finland with assets across the Nordics and Baltics. Comparable as a Nordic retail-property landlord, but focused on enclosed shopping centers and operating primarily outside Sweden.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

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 Svenska Handelsfastigheter