Grandab

What Grandab does

Grandab Management AB is a privately held Swedish real estate investment and management company headquartered in Gothenburg, founded in 2013. The company acquires, manages, develops, and sells commercial and residential properties primarily across western Sweden — including Gothenburg, Mölndal, and surrounding regional cities — operating as an "operative and risk-sharing cooperation partner" alongside financial co-investors rather than as a principal-only buyer. Its portfolio spans office, warehouse, light industrial, retail, hotel, and residential assets, with a 13-person team managing approximately 250,000 square meters of property.

The firm executes most of its activity through joint ventures and LAMP (Local Asset Management Partner) mandates, accumulating a multi-sponsor ecosystem that includes Profura Fastigheter (since 2015), Revcap (Grandab Fastigheter I in 2018 and II in 2021), Brunswick Real Estate (Fersen portfolio, 2016), Tredje AP-fonden (Fastighets AB Regio, 2015), and Hines (JV initiated 2025 for warehouse and light industrial). Grandab is involved across the full investment lifecycle — from acquisition and planning through asset management to eventual sale — and has additional equity exposure to land-banking vehicles (Cederhem Bostad, Kålltorps Projektutveckling) for forward residential pipeline. Active developments include the 217-room Book Hotel near Liseberg (operator: Strawberry, opening 2026) and the planned hotel conversion of Norra Hamngatan 6 in central Gothenburg.

Revenue is generated through three mechanics: recurring rental income from directly owned and managed commercial spaces (primarily Mölndal and Gothenburg offices/warehouses), capital gains from acquisition-development-sale cycles (historical exits include Gastuben 3, Smögenmagasinet, Norstaden 13:7, Grandab Fastigheter I, and Grandab Fastigheter II), and recurring asset management fees from JV/LAMP mandates. The most significant historical proof point is the founding of Novi Real Estate in 2016, which Grandab subsequently divested in 2019 and which grew to approximately 30 billion SEK under management with 75 MSEK in revenue — demonstrating the firm's capacity to incubate and scale third-party capital platforms within the Swedish market.

Name

Grandab

Legal name

Grandab Management AB

Website

https://grandab.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Grandab Management AB is a privately held Swedish real estate firm that acquires, develops, manages, and sells commercial, residential, and hotel properties across western Sweden through joint ventures with institutional partners including Hines, Revcap, Profura, and Tredje AP-fonden.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment and Management

NAICS

Real Estate Property Managers (53131), Corporate, Subsidiary, and Regional Managing Offices (551114)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)

Keywords

• Commercial real estate investment
• Property management services
• Property development
• Commercial property leasing
• Joint venture real estate

Headquarters

HQ city

Gothenburg

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Property Rental Income: Ongoing rental income from commercial and office spaces under management. Properties include offices, warehouses, light industrial, and retail spaces primarily in western Sweden (Göteborg, Mölndal region).
2. Property Development and Sale: Acquires properties, develops them through renovation or new construction, and sells properties or property companies (bolagstransaktion) for capital gains. Involved in residential development including condominiums and holiday homes.
3. Joint Venture Management Fees: As Local Asset Management Partner (LAMP) for joint ventures like Fastighets AB Regio, generates management fees for asset management services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Grandab Management AB is a Swedish real estate investment and management company that acquires, manages, develops, and sells commercial and residential properties in western Sweden (primarily Göteborg and Mölndal). The company operates as an operative and risk-sharing cooperation partner, working with investors through joint ventures to invest in offices, warehouses, light industrial, retail, hotel, and residential properties. It directly leases office and commercial spaces in its managed portfolio, which totals approximately 250,000 square meters.

Product overview

Grandab is a real estate investment and management company founded in 2013 in Gothenburg, Sweden. The company operates a portfolio of products centered on three core offerings: (1) Property Management services for acquiring, managing, developing, and selling commercial and residential properties; (2) Commercial Rental Spaces offering office, warehouse, industrial, and combination spaces primarily in the Mölndal and Gothenburg areas; and (3) Property Investments through joint venture partnerships. The investment projects include ongoing initiatives such as Book Hotel (hotel development near Liseberg), Fastighets AB Regio, Hagabacken Väst, Hines Partnership, Projektutveckling, Profura Partnership, Lyckorna, Granfura, and Hotell Norra Hamngatan 6, as well as completed investments including Gastuben, Smögenmagasinet, Grandab Fastigheter, Grandab Fastigheter II, Grötö, Novi Real Estate, Fersen, and Norstaden 13:7.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Rental Spaces (Kommersiella hyreslokaler)

Quantifiable outcome

• 250,000+ square meters of property managed
• +2 more outcomes

Named customers8 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

13 partnerships are on record, tiered core and minor.

• HinescoreStrategic or Co-development Partner · 1 January 2025Global real estate investment firm. Established JV with Grandab focused on acquisition of warehouse and light industrial properties in the Gothenburg region. Partnership initiated in late 2025 and continuously evaluating new business opportunities in the segment.
• Profura Fastigheter ABcoreStrategic or Co-development Partner · 1 January 2015Long-standing close collaboration since 2015 on property investments. Partners have jointly conducted multiple investments across offices, hotels, and residential development. Continuously evaluating new acquisitions and development opportunities together. Also co-founded GranFura Fastighets AB in 2015.
• H.A. Bygg ABcoreStrategic or Co-development PartnerConstruction company partner in multiple property investments including Norstaden 13:7 (consortium acquisition 2014/2015), Smögenmagasinet (bostadsrättsförening formation), and Hotel Norra Hamngatan 6.
• Brunswick Real EstatecoreStrategic or Co-development PartnerGrandab was co-investor and Local Asset Management Partner (LAMP) for part of Brunswick Real Estate's Fersen portfolio. Engagement covered 14,000 m2 and was foundational to today's collaboration with Brunswick.
• Cederhem BostadminorStrategic or Co-development PartnerGrandab is co-owner in Cederhem Bostad. Creates value through land acquisition, driving detailed plans to create building rights for residential purposes, then either selling or developing in-house.
• Kålltorps ProjektutvecklingminorStrategic or Co-development PartnerGrandab is co-owner in Kålltorps Projektutveckling. Focuses on value creation through land acquisition, detailed planning, and residential development.
• SRU ABminorStrategic or Co-development PartnerCo-investor in Book Hotel project near Liseberg with Grandab, Profura, and ByggGöta. 217-room hotel scheduled to open 2026.
• HagabackencoreStrategic or Co-development PartnerJV formed with Hagabacken and Profura to acquire high-yielding commercial properties in western Sweden. Properties may include retail, offices, and industrial/warehouse spaces.
• FL Fastigheter ABminorStrategic or Co-development PartnerPart of consortium with Grandab Management, Profura Fastigheter AB, H.A Bygg AB for Norstaden 13:7 acquisition at year-end 2014/2015.
• Sigillet Fastighets ABminorOthersAcquired Norstaden 13:7 property through company transaction (bolagstransaktion) on March 23, 2018 from the consortium including Grandab.
• ByggGötacoreStrategic or Co-development PartnerDevelopment partner with Grandab and Profura for Lyckorna project (f.d. three-leaf clover home in Ljungskile) and Book Hotel near Liseberg.
• Tuve Bygg ABminorOthersAcquired remaining building rights from Smögenmagasinet after selling all 60 condominiums.
• KlövernminorOthersAcquired Gastuben 3 property during summer 2015 through company transaction (bolagstransaktion) while Grandab was managing the property.

Scale indicators5 records

Recent moves13 records

Expansion highlights5 records

Broad incumbents

• Svefa: Swedish real estate advisory firm providing valuation, transaction, and asset management services. Comparable service offering in asset management and transaction advisory but operates as a pure advisory firm rather than principal investor.
• Catena: Swedish logistics real estate company listed on Nasdaq Stockholm focused on warehousing and distribution properties. Comparable asset class with Grandab's new Hines JV targeting warehouse and light industrial properties in the Gothenburg region.
• Castellum: One of the largest Swedish commercial real estate companies with significant western Sweden exposure across office, logistics, and retail. Comparable in being a long-term owner/manager of Swedish CRE but operating at a vastly larger scale than Grandab.
• Hines: Global privately held real estate investment, development, and management firm; entered a 2025 JV with Grandab for Gothenburg-region warehouse and light industrial acquisitions. Comparable on the real estate investment and JV side, but at global scale.
• Wallenstam: Swedish real estate company headquartered in Gothenburg focused on residential and commercial properties, with deep western Sweden roots comparable to Grandab's geographic focus. Much larger scale and publicly listed.
• Corem Property Group: Swedish commercial real estate company (formed via Klövern/Corem merger) with significant office and logistics holdings, including properties previously transacted with Grandab (Gastuben 3 acquired from Grandab). Comparable in Swedish CRE focus and tenant base but listed and far larger.
• Newsec: Nordic property management and asset management firm handling commercial real estate portfolios across Sweden and the Nordics. Comparable service offering in third-party property management and asset management, but at significantly greater scale and broader Nordic geographic coverage.

Direct peers

• Revcap: European investment company focused on acquiring small and medium-sized properties and property-related assets via JV structures with specialized co-investing partners. Direct JV partner with Grandab on Grandab Fastigheter I and II, making the operating model and target assets highly comparable.
• Brunswick Real Estate: European real estate investment manager that partnered with Grandab on the Fersen portfolio and other Swedish mandates. Comparable in operating as a JV principal sourcing co-investments alongside a local operating partner like Grandab.
• Profura Fastigheter: Swedish real estate investment company founded around 2014 with offices in Gothenburg, focusing on property investments in western Sweden. Grandab's closest JV partner since 2015, co-investing across offices, hotels, and residential; directly comparable investment philosophy and regional focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/grandab-management

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 Grandab