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Tobin Properties

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uuid002l82d

Namestring
Tobin Properties
Legal namestring
Tobin Properties (brand of Corem Property Group AB)
Websiteurl
tobinproperties.se
Company typeenum
Public
Founded yearint
2022
Descriptiontext

Tobin Properties was a residential development brand operating within Corem Property Group AB, one of Sweden's largest listed (börsnoterade) property companies. The brand specialized in developing rental apartments in the Swedish market, with a functional focus on residential property development and management services delivered to end customers. It was positioned as a single-product sub-brand of Corem for residential development activities, leveraging the parent's corporate infrastructure, marketing channels, and operational resources rather than operating as an independent technology or product company. No proprietary technology stack is disclosed, consistent with the real estate development sector.

Revenue mechanics centered on direct sale of newly developed residential units to end customers via quote-based, per-project pricing. Geographic focus was Sweden (Scandinavia), with the most significant retained project being K1 Nacka strand. The brand operated at a small scale (11-50 employees attributed at the parent level, with the Tobin Properties brand itself employing a narrow team scoped to one or two projects).

On April 28, 2022, Corem Property Group, together with ALM Equity, formed a new company, Klövern AB, with the purpose of developing and managing rental housing. The majority of building rights that Corem had intended for residential development through the Tobin Properties brand were transferred to the new entity. The K1 Nacka strand project was the sole exception, continued under the Tobin Properties brand, completed, and fully sold in 2023. As a result, the Tobin Properties brand and the tobinproperties.se website are no longer active.

Short descriptiontext

Tobin Properties was a Swedish residential development brand within Corem Property Group AB that developed and sold rental apartments in Sweden. Most building rights were transferred to Klövern AB in 2022; the sole retained project, K1 Nacka strand, completed in 2023, after which the brand was discontinued.

Operating statusenum
Closed
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersSolna, Sweden
HQ citystring
Solna
HQ countrystring
Sweden
HQ regionstring
Europe
Markets served

Serves global market

Keyword5 values
residential property development, rental apartment development, housing development, property development brand, real estate branding
SIC code1 code
  • Land Subdividers & Developers (No Cemeteries)6552
Product category
Residential Real Estate Development
Cost components5 values
Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

Tobin Properties was a residential development brand within Corem Property Group AB that designed and built residential rental apartments in Sweden. The brand operated as a project identity vehicle for Corem's residential building rights, developing properties intended for sale to end customers. The final project completed under the brand was K1 Nacka strand, after which the brand and website were discontinued.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Tobin Properties was a sub-brand of Corem Property Group AB focused on residential development. The brand operated as a single product offering for rental apartment development. On April 28, 2022, Corem Property Group and ALM Equity formed a new company, Klövern AB, to which the majority of Tobin Properties' residential development rights were transferred. The K1 Nacka strand project was the only exception that remained under Tobin Properties, and it has now been completed with all apartments sold. The Tobin Properties brand and its website are no longer active.

Product and service1 record
1Tobin Properties (residential development brand)
Partnership1 partner
1ALM Equity
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2022-04-28
Description

On April 28, 2022, Corem Property Group together with ALM Equity formed a new company, Klövern AB, with the purpose of developing and managing rental housing. The majority of building rights intended for residential development by Tobin Properties were transferred to the new company Klövern AB.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight2 records

Each record includes

Type, Description

Peers10 records
1Wallenstam AB
TypeBroad incumbent
Description

Wallenstam is a Swedish property company that develops and manages both commercial and residential properties, primarily in the Stockholm and Gothenburg regions — overlapping with Tobin Properties' geographic focus.

2JM AB
TypeDirect peer
Description

JM is a leading Swedish residential developer focused on developing and selling homes in the Stockholm region and other Swedish growth markets, with a product/market profile directly comparable to Tobin Properties.

3Bonava
TypeDirect peer
Description

Bonava is one of the largest residential property developers in the Nordics, developing multi-family and single-family homes across Sweden and other Nordic countries — the same core business Tobin Properties pursued before its discontinuation.

4Klövern AB
TypeEmerging player
Description

Klövern AB is the newly formed joint venture between Corem Property Group and ALM Equity that took over Tobin Properties' residential development rights, making it the direct successor in residential rental housing development in Sweden.

5NCC AB
TypeDirect peer
Description

NCC is a major Swedish construction and property development company with a residential development division building apartments and homes primarily in the Nordics, making it a close peer to Tobin Properties' residential development activities.

6Heimstaden
TypeBroad incumbent
Description

Heimstaden is a major European residential real estate company with significant Swedish operations, developing and managing rental apartments across Sweden's growth regions.

7Skanska AB
TypeBroad incumbent
Description

Skanska is one of Sweden's largest construction and real estate developers with a residential development stream. While much larger and more diversified than Tobin, it competes for similar residential development opportunities in Stockholm and other Swedish metros.

8Corem Property Group AB
TypeOthers
Description

Corem Property Group is Tobin Properties' parent company and one of Sweden's largest listed property companies. While Corem focuses on commercial/logistics, it is the corporate parent that incubated the Tobin residential brand.

9Peab AB
TypeBroad incumbent
Description

Peab is a leading Swedish construction and civil engineering company with residential property development operations, competing for similar residential development projects as Tobin Properties.

10ALM Equity
TypeDirect peer
Description

ALM Equity is a Swedish residential developer and the joint venture partner with Corem in Klövern AB — the entity that absorbed the majority of Tobin Properties' building rights. Directly comparable as a Swedish-focused residential developer.

Market position
Strengths3 records

Each record includes

Headline, Details, Source

Weaknesses3 records

Each record includes

Headline, Details, Source

Competitive moat2 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights4 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Tobin Properties

Residential Real Estate Developmenttobinproperties.se

Tobin Properties was a Swedish residential development brand within Corem Property Group AB that developed and sold rental apartments in Sweden. Most building rights were transferred to Klövern AB in 2022; the sole retained project, K1 Nacka strand, completed in 2023, after which the brand was discontinued.

What Tobin Properties does

Tobin Properties was a residential development brand operating within Corem Property Group AB, one of Sweden's largest listed (börsnoterade) property companies. The brand specialized in developing rental apartments in the Swedish market, with a functional focus on residential property development and management services delivered to end customers. It was positioned as a single-product sub-brand of Corem for residential development activities, leveraging the parent's corporate infrastructure, marketing channels, and operational resources rather than operating as an independent technology or product company. No proprietary technology stack is disclosed, consistent with the real estate development sector.

Revenue mechanics centered on direct sale of newly developed residential units to end customers via quote-based, per-project pricing. Geographic focus was Sweden (Scandinavia), with the most significant retained project being K1 Nacka strand. The brand operated at a small scale (11-50 employees attributed at the parent level, with the Tobin Properties brand itself employing a narrow team scoped to one or two projects).

On April 28, 2022, Corem Property Group, together with ALM Equity, formed a new company, Klövern AB, with the purpose of developing and managing rental housing. The majority of building rights that Corem had intended for residential development through the Tobin Properties brand were transferred to the new entity. The K1 Nacka strand project was the sole exception, continued under the Tobin Properties brand, completed, and fully sold in 2023. As a result, the Tobin Properties brand and the tobinproperties.se website are no longer active.

Tobin Properties firmographics

Firmographics
Name
Tobin Properties
Legal name
Tobin Properties (brand of Corem Property Group AB)
Website
https://tobinproperties.se
Company type
Public
Founded year
2022
Operating status
Closed
Headcount range
11–50 employees
Short description
Tobin Properties was a Swedish residential development brand within Corem Property Group AB that developed and sold rental apartments in Sweden. Most building rights were transferred to Klövern AB in 2022; the sole retained project, K1 Nacka strand, completed in 2023, after which the brand was discontinued.
Ownership category
akta.pro rank

Where Tobin Properties is headquartered

Location

Headquarters

HQ city
Solna
HQ country
Sweden
HQ region
Europe

Markets served

Tobin Properties business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Tobin Properties product offering

Product offering

Core offering

Tobin Properties was a residential development brand within Corem Property Group AB that designed and built residential rental apartments in Sweden. The brand operated as a project identity vehicle for Corem's residential building rights, developing properties intended for sale to end customers. The final project completed under the brand was K1 Nacka strand, after which the brand and website were discontinued.

Product overview

Tobin Properties was a sub-brand of Corem Property Group AB focused on residential development. The brand operated as a single product offering for rental apartment development. On April 28, 2022, Corem Property Group and ALM Equity formed a new company, Klövern AB, to which the majority of Tobin Properties' residential development rights were transferred. The K1 Nacka strand project was the only exception that remained under Tobin Properties, and it has now been completed with all apartments sold. The Tobin Properties brand and its website are no longer active.

Differentiator

Problem solved

Functional benefit

Products and services

  • Tobin Properties (residential development brand)

Companies that use Tobin Properties

Customer profile

Ideal customer profiles1 record

Tobin Properties technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Tobin Properties partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • ALM EquitycoreStrategic or Co-development Partner · 28 April 2022On April 28, 2022, Corem Property Group together with ALM Equity formed a new company, Klövern AB, with the purpose of developing and managing rental housing. The majority of building rights intended for residential development by Tobin Properties were transferred to the new company Klövern AB.

Recent moves5 records

Expansion highlights2 records

Tobin Properties competitors and assessment

Company assessment

Broad incumbents

  • Wallenstam AB: Wallenstam is a Swedish property company that develops and manages both commercial and residential properties, primarily in the Stockholm and Gothenburg regions — overlapping with Tobin Properties' geographic focus.
  • Heimstaden: Heimstaden is a major European residential real estate company with significant Swedish operations, developing and managing rental apartments across Sweden's growth regions.
  • Skanska AB: Skanska is one of Sweden's largest construction and real estate developers with a residential development stream. While much larger and more diversified than Tobin, it competes for similar residential development opportunities in Stockholm and other Swedish metros.
  • Peab AB: Peab is a leading Swedish construction and civil engineering company with residential property development operations, competing for similar residential development projects as Tobin Properties.

Direct peers

  • JM AB: JM is a leading Swedish residential developer focused on developing and selling homes in the Stockholm region and other Swedish growth markets, with a product/market profile directly comparable to Tobin Properties.
  • Bonava: Bonava is one of the largest residential property developers in the Nordics, developing multi-family and single-family homes across Sweden and other Nordic countries — the same core business Tobin Properties pursued before its discontinuation.
  • NCC AB: NCC is a major Swedish construction and property development company with a residential development division building apartments and homes primarily in the Nordics, making it a close peer to Tobin Properties' residential development activities.
  • ALM Equity: ALM Equity is a Swedish residential developer and the joint venture partner with Corem in Klövern AB — the entity that absorbed the majority of Tobin Properties' building rights. Directly comparable as a Swedish-focused residential developer.

Emerging players

  • Klövern AB: Klövern AB is the newly formed joint venture between Corem Property Group and ALM Equity that took over Tobin Properties' residential development rights, making it the direct successor in residential rental housing development in Sweden.

Others

  • Corem Property Group AB: Corem Property Group is Tobin Properties' parent company and one of Sweden's largest listed property companies. While Corem focuses on commercial/logistics, it is the corporate parent that incubated the Tobin residential brand.

Market position

Strengths3 records

Weaknesses3 records

Competitive moat2 records

Key risks5 records

Key highlights4 records

Customer concentration

Tobin Properties social profiles

Digital presence

Tobin Properties financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Tobin Properties leadership team

Management profile

Number of profiles

Tobin Properties funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Tobin Properties M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tobin Properties

What does Tobin Properties do?

Tobin Properties was a residential development brand within Corem Property Group AB that designed and built residential rental apartments in Sweden. The brand operated as a project identity vehicle for Corem's residential building rights, developing properties intended for sale to end customers. The final project completed under the brand was K1 Nacka strand, after which the brand and website were discontinued.

Is Tobin Properties a public or private company?

Tobin Properties is a public company. It is classified as public and is currently closed.

When was Tobin Properties founded?

Tobin Properties was founded in 2022. It employs 11 to 50 people.

Where is Tobin Properties based?

Tobin Properties is headquartered in Solna, Sweden, in the Europe region.

Who are Tobin Properties's main competitors?

Broad incumbents on record are Wallenstam AB, Heimstaden, Skanska AB and Peab AB. Direct peers are JM AB, Bonava, NCC AB and ALM Equity. Klövern AB is listed as an emerging player. Corem Property Group AB is listed as an others.

Does Tobin Properties have an API?

No public API is recorded for Tobin Properties.

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Live signals
GlobeNewswireKlövern AB (publ): Klövern requests compulsory redemption of all remaining shares in Tobin Properties AB (publ)Klövern AB, via its subsidiary Dagon, requested compulsory redemption of all remaining shares in Tobin Properties AB after acquiring about 92.4% of the share capital and 93.0% of votes. The company also asked the board to apply for delisting of Tobin Properties' shares from Nasdaq First North.GlobeNewswireKlövern AB (publ): Klövern transfers own repurchased shares and acquires additional shares i Tobin PropertiesKlövern transferred 1,423,260 of its own shares to acquire 1,423,260 shares in Tobin Properties. The transfer cost SEK 17.9 million, and the acquisition cost SEK 14.2 million. After the deal, Klövern owns 84.6% of Tobin Properties, with 86.4% of votes.GlobeNewswireThe observation status of Tobin Properties AB is removed (388/18)Nasdaq Stockholm removed the observation status for Tobin Properties' ordinary and preference shares, effective November 1, 2018. The shares had been given observation status on October 22, 2018, after Tobin requested a list change from Nasdaq First North Premier to Nasdaq First North.GlobeNewswireAdmission to trading of Tobin Properties AB on Nasdaq First North (381/18)Nasdaq Stockholm admitted Tobin Properties AB's ordinary and preference shares to trading on Nasdaq First North, effective November 1, 2018. The shares, previously on Premier, will be delisted, with the last trading day on Premier set for October 31, 2018. The company holds 40,923,830 ordinary shares and 1,000,242 preference A shares.GlobeNewswireTobin Properties AB receives observation status (374/18)Tobin Properties AB requested to move its shares from Nasdaq First North Premier to Nasdaq First North on October 22, 2018. Nasdaq Stockholm granted observation status to the ordinary and preference shares, as per the company's delisting request.GlobeNewswireKlövern AB (publ): Klövern acquires shares in Tobin Properties from Erik Karlin and Johan VarlandKlövern AB, via Dagon Sverige, acquired shares in Tobin Properties from Erik Karlin and Johan Varland. The deal involved 3,237,500 shares at SEK 17 each, giving Klövern 69.8% of shares and 71.3% of voting rights.GlobeNewswireKlövern AB: Klövern increases its holding in Tobin Properties by subscription of additional shares in share issue with pre-emption rights for existing shareholdersKlövern's subsidiary Dagon subscribed for shares in Tobin Properties through a share issue, with the issue 96.1% subscribed. Dagon will use its guarantee to subscribe for the remaining 3.9%, increasing its stake to about 62.1% of capital and 63.4% of votes.GlobeNewswireThe observation status of Tobin Properties AB is removed (98/18)Nasdaq Stockholm removed the observation status for Tobin Properties AB shares, preference shares, and paid subscription shares effective March 29, 2018. The decision followed Klövern AB's press release on the outcome of the mandatory public offer to shareholders.GlobeNewswireKlövern AB (publ): Klövern announces outcome of mandatory public cash offer to the shareholders of Tobin PropertiesKlövern's subsidiary Dagon Sverige made a mandatory public cash offer to shareholders of Tobin Properties, expiring 26 March 2018. Shareholders accepted 5,116,662 ordinary shares and 18,378 Class A preference shares, giving the offeror 58.9% of share capital and 61.4% of votes. Payment is expected to commence on 4 April 2018.GlobeNewswireKlövern AB (publ): Klövern announces offer document in connection with mandatory public cash offer to the shareholders of Tobin PropertiesKlövern announced a mandatory public cash offer to shareholders of Tobin Properties, offering SEK 22.65 per ordinary share and SEK 108.50 per Class A preference share. The offer includes an 11% premium to the closing price of ordinary shares and runs from 26 February to 26 March 2018, with settlement expected by 4 April 2018.