Hagabacken Fastighets AB

What Hagabacken Fastighets AB does

Hagabacken Fastighets AB is a Stockholm-based, opportunistic commercial real estate company founded in 2023 by Bengt Kjell, Oscar Lekander, and Lars Thagesson. The firm targets cash-flow-positive commercial properties across Sweden — primarily light industrial, warehouse, office, community service, and discount/daily retail assets — where rental income exceeds all operating, administrative, and interest costs and acquisition cost per square meter is below replacement construction cost. As of mid-2026 the portfolio had grown to approximately 5 billion SEK in asset value across roughly 60+ properties and an estimated 150,000+ sqm of lettable area, with recent quarters alone delivering 28 properties (Q4 2025), 7 properties (Q1 2026), and 18 properties plus 3 development projects (Q2 2026). Geographic exposure is split across Stockholm/Mälardalen (~40%), Southern Sweden (~35%), and Northern Sweden (~25%), with the Hagabacken Skåne AB joint venture (formed March 2025 with Tecto Group AB) deepening the southern Sweden footprint.

The business model is a subscription-style, recurring rental revenue stream generated through direct, multi-year leases with commercial tenants at competitive (at or below market) rents, supplemented by property renovation and bespoke development partnerships with anchor tenants such as Bilia in Skellefteå. Hagabacken does not operate a technology platform; its offering is a traditional CRE acquisition-and-management service delivered through a small in-house team (~10 employees including 8 named executives covering CEO, CFO, General Counsel, transactions, operations, and regional management). Go-to-market is sales-led and relationship-driven, combining direct property acquisition on the Swedish transaction market with direct tenant leasing and investor communications. The company is funded by approximately 59–60 shareholders — including founders, Liljedahl Group, TomEnterprise, Jula Holding, and ICA Handlarnas Förbund — through staged equity commitments totaling ~1.5 bkr SEK (April 2024) plus 728 mkr SEK (July 2025), with a stated objective of a 10 bkr SEK portfolio and a stock exchange listing within 2–3 years.

Name

Hagabacken Fastighets AB

Legal name

Hagabacken Fastighets AB

Website

https://hagabacken.se

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

Hagabacken Fastighets AB is a Stockholm-based, opportunistic Swedish commercial real estate company founded in 2023 that acquires, manages, and develops cash-flow-positive light industrial, warehouse, office, community, and retail properties for direct leasing to commercial tenants.

Ownership category

akta.pro rank

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Others

Revenue model

1. Commercial Property Rental Income: Primary revenue from renting commercial properties including light industrial, warehouse, office, community properties, and retail spaces. Properties are acquired to generate positive cash flow exceeding operating costs, administration, and interest expenses. Rental agreements are tailored to tenants' operational needs with competitive rental levels at or below market rates for comparable properties.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Hagabacken Fastighets AB is an opportunistic, transaction-driven Swedish commercial real estate company that acquires, manages, and develops cash-flow positive commercial properties — including light industrial, warehouse, office, community, and retail assets — across Sweden. The company acquires properties where rental income exceeds all operating, administrative, and interest expenses, with acquisition cost per square meter below the cost to construct a comparable building.

Product overview

Hagabacken Fastighets AB is an opportunistic, transaction-driven commercial real estate company founded in 2023. The company operates as a single unified offering focused on acquiring, managing, and developing commercial properties across Sweden. The core product encompasses property acquisition and management services, targeting properties with positive cash flow including light industrial, warehouses, offices, community properties, and retail. The company also offers property renovation and development services in partnership with tenants. Through the subsidiary Hagabacken Skåne AB (joint venture with Tecto Group AB), the company extends its services to Skåne and southern Sweden. The company does not appear to offer distinct modules, add-ons, or a platform-plus-modules architecture; rather, it operates as a traditional real estate company with a portfolio approach.

Differentiator

Problem solved

Functional benefit

Brands

• Hagabacken Skåne: A subsidiary/brand focused on property acquisition and development in Skåne and southern Sweden, operated as a joint venture with Tecto Group AB.

Products and services

• Commercial Property Acquisition and Management Opportunistic acquisition, management, and development of commercial properties — including light industrial, warehouse, office, community service, and retail assets — where rental income exceeds all operating costs, administration, and interest expenses, and acquisition cost per square meter is below the cost of constructing a comparable building.
• Property Renovation and Tenant Development Projects Partnerships with commercial tenants to renovate, expand, or adapt leased premises to the tenant's operational requirements, creating longer contractual relationships. Example includes the ~30 million SEK renovation and expansion of the Bilia automotive dealership property in Skellefteå.
• Hagabacken Skåne AB (Regional Property Operations) Regional commercial property acquisition and development operations in Skåne and southern Sweden, operated through a joint venture with Tecto Group AB that provides local market knowledge and complements Hagabacken's capital and real estate expertise.

Quantifiable outcome

• Properties generate cash flow exceeding operating costs, administration, and interest expenses
• +2 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered supporting and core.

• RoschiersupportingOthers · 9 July 2025Acted as legal advisor to Hagabacken in connection with the 728 million SEK capital raise transaction.
• Tecto Group ABcoreStrategic or Co-development Partner · 24 March 2025Strategic joint venture establishing Hagabacken Skåne AB for expansion into Skåne and southern Sweden. Tecto Group provides deep local market knowledge and experience while Hagabacken provides capital and real estate expertise. Ema Cavka appointed as Commercial Manager for Hagabacken Skåne. Mattias Nilsson, owner of Tecto Group AB, serves as Chairman of Hagabacken Skåne AB.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Wihlborgs Fastigheter AB: Swedish listed commercial property company with a strong focus on the Öresund region, where Hagabacken is expanding via its Skåne JV. Comparable on commercial asset mix and Swedish regional strategy.
• Diös Fastigheter AB: Swedish listed commercial real estate company focused on regional cities in northern and central Sweden. Comparable on multi-region Swedish strategy and a mix of office, retail, warehouse, and light industrial tenants.
• Stenhus Fastigheter AB: Swedish listed commercial property company holding a diversified portfolio of light industrial, warehouse, office, and retail properties across Sweden. Hagabacken's Niklas Langer was previously at Stenhus, indicating direct talent and operating overlap.
• Catena AB: Swedish listed logistics and warehouse-focused property company. Closely comparable to Hagabacken on asset class (warehouse/light industrial), Swedish geography, and acquisition-driven growth model, but at much larger scale.
• NP3 Fastigheter AB: Swedish listed commercial property company focused on light industrial, warehouse, and logistics properties in northern Sweden. Comparable on asset class mix and Swedish regional focus, though at smaller scale than Catena or Castellum.

Emerging players

• K2A Knaust & Andersson Fastigheter AB: Smaller Swedish listed property company with a mix of residential and light commercial/logistics assets. Comparable as a younger Swedish acquirer pursuing an opportunistic growth strategy, though its residential weighting differs.

Broad incumbents

• Fabege AB: Swedish listed commercial real estate company focused on office and mixed-use properties in Greater Stockholm. Comparable as a Stockholm-anchored commercial landlord, though more office-weighted than Hagabacken.
• Stena Fastigheter AB: Large Swedish privately held property company with residential and commercial holdings across multiple regions. Comparable as a Swedish regional landlord with a multi-segment portfolio, though significantly larger and more diversified.
• Castellum AB: One of the largest listed Swedish commercial real estate companies, with a diversified portfolio across office, logistics, and retail. Competes with Hagabacken for Swedish commercial deal flow but at significantly greater scale and breadth.
• SBB (Samhällsbyggnadsbolaget i Norden AB): Large Swedish listed property company with significant community/public-service property exposure, an asset class Hagabacken also targets. Hagabacken's CFO previously held a senior role at SBB, reflecting direct operational overlap.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/hagabacken-fastighets-ab

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries1 record

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 Hagabacken Fastighets AB