Fastighets AB Stenvalvet

What Fastighets AB Stenvalvet does

Fastighets AB Stenvalvet (publ) is a Swedish real estate company, founded in 2010 and headquartered in Stockholm, that owns, actively manages, and develops community properties (samhällsfastigheter) across Sweden. Its portfolio consists of 109 purpose-built properties totaling approximately 598,000 sqm of leasable area and a stated portfolio value of 17 billion SEK, distributed across more than 50 municipalities. The company organises its offering into four verticals: legal/justice properties (police stations, courthouses, prisons), educational properties (preschools through universities), healthcare and elderly care properties (care homes, healthcare centres, LSS housing), and public office properties for government agencies.

Stenvalvet's commercial offering comprises long-term triple-net-style leases, typically spanning 6 to 25 years, with creditworthy public-sector tenants including municipalities, county administrations (Länsstyrelsen), the Police Authority (Polismyndigheten), the Prison and Probation Service (Kriminalvården), and educational operators such as Jensen Education. Where required, the company develops new build-to-suit facilities or converts existing buildings for tenant needs, executing project delivery on a one-off basis. Tenant operations are supported by connected property management infrastructure for energy monitoring, green lease annexes per Fastighetsägarna's industry standard, and an internal 40% energy-efficiency improvement target set against a 2019 baseline. The portfolio is operated through 21 wholly-owned property-holding subsidiaries (e.g., Stenvalvet 201 Malmö Lastvagnen AB, Stenvalvet 238 Visby Skenet AB).

The business is monetised through two revenue streams: recurring commercial rental income from long-term public-sector leases and project-based property development services. Pricing is negotiated bilaterally with each tenant; no public price list exists. Customer relationships are managed through a direct enterprise field-sales motion with public-sector decision-makers, supplemented by thought-leadership activity at Almedalen and via published research on community-property topics. The capital structure combines equity provided by two long-term Swedish institutional owners — Kyrkans pension (Church of Sweden Pension) and Stiftelsen för Strategisk Forskning (Foundation for Strategic Research) — with debt raised through an MTN program and sustainability-linked financing, currently rated BBB with stable outlook by Nordic Credit Rating.

Name

Fastighets AB Stenvalvet

Legal name

Fastighets AB Stenvalvet (publ)

Website

https://stenvalvet.se

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Fastighets AB Stenvalvet is a Stockholm-based Swedish real estate company that owns, manages, and develops community properties (samhällsfastigheter) — courthouses, police stations, schools, healthcare facilities, and public offices — leased long-term to government tenants across more than 50 municipalities, with a 17 billion SEK portfolio across 109 properties.

Ownership category

akta.pro rank

Product category

Community Property Real Estate

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Real Estate Property Managers (53131), Real Estate and Rental and Leasing (53)

SIC

Operators Of Nonresidential Buildings (6512), Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Healthcare & Senior Housing Real Estate Asset Management (BPAJAMAH)

Keywords

• Community property ownership
• Public sector real estate
• Property development services
• Commercial property leasing
• Property management

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Commercial Property Rental Income: Stenvalvet generates revenue primarily through long-term commercial rental agreements with public-sector tenants including municipalities, county administrations, government agencies, police, courts, schools, and healthcare providers. Rental terms range from 6 to 25 years, providing stable, recurring income. The company also develops new community properties for government tenants under build-to-suit arrangements.
2. Property Development Services: Stenvalvet develops and constructs new community properties (schools, care homes, courthouses, police stations) and converts existing buildings to suit tenant needs. Development may be undertaken for owned assets leased long-term or as a project delivery for specific tenants.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Fastighets AB Stenvalvet owns, actively manages and develops community properties (samhällsfastigheter) across Sweden, serving public-sector tenants under long-term lease agreements of 6–25 years. The portfolio spans 109 properties covering approximately 598,000 sqm across four verticals: justice facilities, education facilities, healthcare and elderly-care facilities, and public administration offices. Revenue is generated through commercial rental income and build-to-suit property development tailored to government and municipal tenants.

Product overview

Fastighets AB Stenvalvet is a specialized property company that owns, actively manages, and develops community properties (samhällsfastigheter) across Sweden. The company's core offering consists of four interconnected business areas: Rättsväsende (legal/justice properties including police stations, detention centers, and courts), Utbildning (education properties from preschools to universities), Vård och omsorg (healthcare including elderly care and special housing), and Offentliga kontor (public offices for government agencies). Supplementary service offerings include Gröna hyresavtal (green lease agreements) for environmental collaboration with tenants, and Stenvalvets Lilla Extra (annual scholarship program for tenant initiatives). The company operates 109 properties with approximately 598,000 sqm of rentable area across Swedish cities including Eskilstuna, Växjö, Kristianstad, Visby, Örebro, and others. The portfolio serves critical public functions with tenants including police authorities, municipalities, county councils, and educational institutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Samhällsfastigheter (Community Properties) — Full-Service Real Estate Offering Long-term ownership, active management and development of Swedish community properties serving public-sector tenants across four verticals (justice, education, healthcare, public administration). Includes long-term leases (6–25 years), build-to-suit development, conversion of existing buildings, and active property management.
• Rättsväsende Properties (Justice Facilities) Ownership, management and build-to-suit development of justice-sector facilities including police stations, detention centres, courthouses, and prisons, designed to meet high security standards for government tenants.
• Utbildning Properties (Education Facilities) Ownership, management and development of education properties for preschools, primary schools, secondary schools, upper-secondary schools, and universities, designed to provide inspiring and safe learning environments for tenants such as municipalities and private education providers (e.g., Jensen Education).
• Vård och Omsorg Properties (Healthcare and Elderly Care Facilities) Ownership, management and build-to-suit development of healthcare and elderly-care properties including care homes for the elderly, healthcare centres, LSS housing (housing for people with disabilities), and trygghetsboenden (safety housing).
• Offentliga Kontor Properties (Public Administration Offices) Ownership, management and build-to-suit delivery of flexible and functional office premises for Swedish government agencies, county administrative boards, and other public authorities.
• Energieffektivisering (Energy Efficiency Services) Energy optimisation services across the portfolio, including connected-property monitoring that identifies energy waste, ensures proper temperature and ventilation for tenants, and supports a 40% energy-efficiency improvement goal between 2019 and 2030. Includes tenant-facing recommendations on reducing energy use.
• Gröna Hyresavtal (Green Lease Agreements) Green lease annexes based on the Fastighetsägarna standard, providing joint landlord-tenant action plans with concrete measures to reduce environmental impact from properties and premises. Supplemented with green electricity from Bra Miljöval-certified hydropower across all properties.

Quantifiable outcome

• 7% growth in management result for 2025 compared to previous year
• +4 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered minor.

• DiösminorStrategic or Co-development Partner · 12 February 2025Stenvalvet entered into an agreement with Diös to acquire a project property in Östersund where a new Class 2 prison (approximately 5,400 sqm) will be developed for the Swedish Prison and Probation Service (Kriminalvården). The lease runs for 15 years.
• JM, Bräcke diakoniminorStrategic or Co-development PartnerCollaborated with JM and Bräcke diakoni to commission a report from Juni Strategi on the shortage of special housing for the elderly in Sweden. The report presents a reform agenda for addressing barriers to elderly housing development.
• Juni StrategiminorStrategic or Co-development PartnerResearch consultancy commissioned by Stenvalvet, JM, and Bräcke diakoni to produce a report and reform agenda on elderly housing shortage and lack of choice for older Swedes.

Scale indicators4 records

Recent moves8 records

Expansion highlights6 records

Market position

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/stenvalvet
• Facebookfacebook.com/Fastighets-AB-Stenvalvet-1560765590883649

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries22 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 Fastighets AB Stenvalvet