Lundbergs Fastigheter

Lundbergs Fastigheter

Lundbergs Fastigheter was founded in 1944 and has developed into one of Sweden's large private property owners with a property value of approximately SEK 28 billion. The company has operations in ten cities in Sweden, from Stockholm in the east to Gothenburg in the west. The business concept is to engage in the long-term ownership, management and development of residential and commercial properties. Lundbergs Fastigheter wants to contribute to people having the opportunity to live a better life. Therefore, the company develops attractive, sustainable urban environments where people want to live, work and enrich their leisure time. In recent years, the operations have developed through active management, acquisitions and newbuild projects.   

The real estate portfolio, which the company has largely built up itself, consists of about one million square meters of leas- able area across 130 properties. The space consists of about 50% residential units and the rest is commercial premises – mainly office and retail space, but also gyms, movie theatres, warehouses, industrial premises and community properties such as nursing homes and schools. 

Our world is facing major challenges – climate, environment and, not least, security are issues where the construction and real estate industries have great responsibility. A responsibility that provides opportunities to contribute to change and promote positive development. Lundbergs Fastigheter conducts extensive sustainability work and in 2020 adopted the goal of achieving climate-neutral operations throughout the value chain by 2030. 

Organization

The number of employees within Lundbergs Fastigheter amounted at the end of 2024 to 173 people. As an employer, the company aims to provide a safe work environment and a good working atmosphere where employees experience satisfaction and professional development. Employeeship is about mutual respect and that all employees play an active and responsible role for jointly creating a healthy, productive and customer-centric culture. Management, rental activities and property upkeep are handled locally in the respective market areas by a distinctly decentralized organization. All of the central resources that support the operational activities are located in the Norrköping headquarters. The members of the Executive Management Team consist of CEO, Regional Managers, the Chief Accountant and the Market and Communication Manager. 

Operations

The business activities are divided into three regions where the company offers attractive city locations in housing and offices as well as retail and meeting places.

The Stockholm Region comprises Stockholm/Solna, where the property portfolio consist of commercial premises, as well as management units in Södertälje and Eskilstuna, which largely consist of residential units. 

The West Region comprises Arvika, Gothenburg, Karlstad and Örebro. The property portfolio in Gothenburg essentially comprises offices, while the remainder of the region largely consists of residential units. 

The East Region comprises Jönköping, Linköping and Norrköping, where the portfolio consists of both residential units and offices, as well as the largest part of the company’s retail properties. 

Residential

Lundbergs Fastigheter develops and offers residential units that facilitate simple and secure living. The company owns almost 7,000 high-quality rental apartments in attractive locations with property management occurring close to the tenants. In the midst of the current economic slowdown, in 2024 the company has observed strong demand for older housing stock, while there is a large supply and fierce competition within newly constructed apartments. Both rents and relocation rates are higher in these newly built homes.  

Good property maintenance requires that the properties are subject to a high standard of care and that the condition of the properties are monitored. To ensure that the properties are sustainable over the long term, Lundbergs Fastigheter has a long-term plan for renovation, refurbishment and extension works, known as ROT projects.

Lundbergs Fastigheter places considerable focus on being receptive and maintaining good dialogue with its tenants. Year after year, the operations achieve highly favorable results in the AktivBo customer survey, and Lundbergs Fastigheter is very well liked as a landlord. In February 2024, Lundbergs Fastigheter won AktivBo’s Customer Crystal award for the fourth year in a row in the categories Highest Service Index (4,000–10,999+ apartments) and Highest Profile (4,000+ apartments). The company was also awarded a third Customer Crystal in the category Highest Product Index (4,000+ apartments). 

Offices

Lundbergs Fastigheter develops and offers offices that help companies and employees to achieve their goals. The company owns and manages approximately 227,000 sqm of office space. Long-term tenant relationships are created through high service levels and personal meetings, thus increasing awareness of the tenants’ needs and wishes. Through good knowledge of the tenants’ operations, Lundbergs Fastigheter can offer solutions that are optimized for the customers’ requirements and that give the tenant security, comfort and a good work environment – in both the short and the long term. Lundbergs Fastigheter participates in the Fastighetsbarometern customer survey and the result for 2024, with a customer satisfaction index (CSI) of 79, indicates a high level of customer satisfaction.

The role and function of the office has been the subject of much discussion in recent years. The digitalization of society, combined with several other factors, is changing the needs, expectations and desires of customers, which is driving development towards offices that provide a greater number of more varied functions, according to the operations and profile of the tenant. The traditional office is very much alive but has been joined by increased demand for meeting places, flexibility and services linked to the office. This development challenges and develops both business models and offerings. As before, accessibility and an attractive location are key considerations when choosing an office. Demand for office premises remained good during the year, although greater caution is evident with longer letting processes and a more reserved approach, which has led to increased vacancies.

Retail and Meeting places 

Lundbergs Fastigheter develops and offers retail premises and meeting places that enrich people’s lives and ensure a vibrant city environment. Leasable area for retail premises and meeting places amounted to approximately 92,000 sqm. The company has retail premises in all of its market areas, with emphasis in Norrköping and Linköping, where over 120 concepts within retail, restaurants, cafés etc. can be found in the company’s city blocks. The physical retail trade, cafés and restaurants are once again facing major challenges due to the economic downturn and a largely uncertain world. The current high level of economic uncertainty is spilling over into the consumer market, resulting in emptier wallets and greater caution. Despite this, Lundbergs Fastigheter has leased premises to several new concepts in 2024 and the trend for pop-up stores continues. In 2024, the shopping malls in Norrköping and Linköping had more than 10 million visits.