Hufvudstaden

Hufvudstaden

Hufvudstaden is one of Sweden’s leading real estate companies. The company’s business concept is to use its own properties in central Stockholm and central Gothenburg to offer successful companies high-quality office and retail premises in attractive marketplaces. 

Hufvudstaden’s properties are situated in prime locations in Stockholm and Gothenburg. The company owns commercial office and retail properties in the central business districts, including Hamngatan, Norrmalmstorg, Kungsgatan and Bibliotekstan in Stockholm and Inom Vallgraven and Östra Nordstan in Gothenburg. This makes Hufvudstaden one of the most specialized and geographically concentrated real estate companies in Sweden. Rentable space totals 391,000 sqm, with an annual rental value of SEK 2.6 bn. The real estate portfolio was market valued at SEK 48.1 bn. at the end of 2025.

Business areas

The operation is divided into three business areas. The Stockholm business area consists of 22 properties with total rentable space of 211,100 sqm. This area has constituted the core of the real estate portfolio since the company was founded in 1915. The portfolio is entirely commercial and consists of office and retail properties. The business area also includes Cecil Coworking, which offers flexible workplaces in an attractive location with first-class service. 

The NK business area consists of three properties with total rentable space of 91,200 sqm. This business area includes the NK properties in Stockholm and Gothenburg and the NK brand. It also includes the parking operations of the subsidiary Parkaden AB. NK Retail AB, which is a wholly owned subsidiary of AB Nordiska Kompaniet, operates a total of 30 departments within fashion, beauty and accessories at the NK department stores. NK’s online store represents a digital complement to the department stores. 

The Gothenburg business area consists of three properties with total rentable space of 88,700 sqm. Hufvudstaden is one of the larger owners of Nordstan shopping centre, which is one of Sweden’s largest shopping centres with attractive retail, parking and modern offices in a prime commercial location.

Hufvudstaden works actively to develop the high quality of its real estate portfolio, both in respect of existing premises and by developing and creating new development rights. Through a methodology that focuses on sustainability and long-term thinking, the premises gain a higher technical standard and more flexible floor plans, contributing to improved net operating income and higher returns. The intention is to create favorable value growth and to adapt offices and stores together with tenants in accordance with their conditions and needs. The company focuses on providing a high level of service, which requires close collaboration with tenants. All properties are located within walking distance of Hufvudstaden’s offices and the company’s own operational technicians are responsible for management and maintenance of the properties. Within Hufvudstaden, there is a business development unit that identifies and implements strategic initiatives for the company’s growth and competitiveness. Through market analysis and business strategies, new opportunities, products and partnerships are developed to increase profitability.

Sustainability

Hufvudstaden works actively and on a long-term basis to achieve economic, environmental and social sustainability. This is done through a focus on reducing climate impact and ensuring responsible business practices. Hufvudstaden’s sustainability work has been developed to align with the UN Sustainable Development Goals. The established sustainability targets include reduced energy consumption, reduced climate impact and environmental certification of properties.

Financial objectives

Hufvudstaden’s financial objective is to achieve good dividend growth over time and to provide a dividend that accounts for more than half of the net profit from current operations. Over time, the equity/assets ratio should be at least 40%.