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 29 bn. 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 strongly through active property management and investments, mainly in upgrades, conversions and renovations of properties.   

The real estate portfolio, which the company has largely built up itself, consists of about one million square meters of leasable area across 130 properties. The space consists of about 60% residential units and the rest is commercial premises – mainly office and retail space, but also restaurants, gyms, movie theaters, 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. Lundbergs’ sustainability report is presented on page 54.

Organization

The number of employees within Lundbergs Fastigheter amounted to 165 people at the end of 2025. 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.

At year-end, the Executive Management Team comprised the CEO, the Manager Southern region (also Deputy CEO) and the Manager Central region (also Deputy CEO). The Chief Accountant role, which normally forms part of the Executive Management Team, was vacant at the end of the year and will be filled on March 1, 2026.

Operations

The business is divided into two regions, offering attractive city locations within housing, offices as well as retail and meeting places. Southern region comprises Gothenburg, where the portfolio mainly consists of offices, as well as Jönköping, Linköping and Norrköping, where the portfolio comprises both residential units and offices, as well as the largest part of the company’s retail properties. Central region comprises Arvika, Eskilstuna, Karlstad, Södertälje and Örebro, where the portfolio mainly consists of residential units, as well as Stockholm/Solna with primarily commercial premises.

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. 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 time, 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. The company is a very well liked landlord and achieves strong results year after year in the AktivBo customer survey. In February 2025, Lundbergs Fastigheter received AktivBo’s Customer Crystal award for the fifth year in a row in the categories Highest Service Index (4,000-10,999+ apartments) and Highest Profile (4,000+ apartments), and was nominated as one of three companies in the category Highest Product Index (4,000+ apartments).

During the continued economic slowdown in 2025, demand has generally been good, particularly in the older portfolio. In the more expensive segment, primarily in Norrköping and Örebro, vacancies increased somewhat due to a larger supply and a weaker market situation.

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 has participated for several years in the Fastighetsbarometern customer survey to measure how office tenants perceive product and service. During 2025, the company made a significant improvement, increasing by six points to a Tenant Satisfaction Index (NKI) of 85.

The role of offices continues to evolve in pace with digitalization and new ways of working, together with several other factors. The traditional office remains important, while demand is increasing for modern premises in attractive locations, with a broad service offering. Customers are more selective and set higher requirements for flexibility in both premises and contracts, where the office is increasingly viewed as a tool for creating business value and attracting talent.

During the year, the office market remained cautious, with pressured rent levels and increasing vacancy rates. Supply is substantial and competition for each customer is high. A consequence of this has been challenging leasing, resulting in negative net leasing in certain periods.

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 amounts to approximately 90,000 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.

As with Residential and Offices, the company uses customer surveys as a strategic tool for dialogue with tenants. Together with CFI Group and the annual Fastighetsbarometern survey, questions are asked regarding product and our service. In 2025, Lundbergs Fastigheter achieved an NBI of 73, an increase of five points and the company’s best result to date.

Physical retail, cafés and restaurants continue to be affected by the economic downturn, with less room in consumers’ wallets and greater caution. Despite this, Lundbergs Fastigheter leased premises to a number of new concepts in 2025 and the trend of an increasing number of pop-up stores continues. During 2025, the shopping malls in Norrköping and Linköping had more than 15 million visits.