Sveafastigheter operates in the rent-regulated Swedish residential market with a focus on long-term management and development of residential properties in Sweden. The Company aims to operate in areas with long-term growth opportunities with a focus on cost-effectiveness, creating the basis for affordability and sustainability with a long-term ownership focus.
The Company has its properties and property management operations in growth regions across Sweden, with a focus on university cities and the Stockholm-Mälardalen, Malmö-Öresund and Greater Gothenburg regions. According to Sveafastigheter, these regions have, in general, growth opportunities and structural housing deficit supported by population growth and supportive labor markets contributing to both employment and income growth, exceeding that of the national average.
In addition, Sveafastigheter is also engaged in the development of new residential properties with a primary focus on the Stockholm-Mälardalen region where long-term fundamentals, including population and income growth, are supportive for new constructions. The Company is active within most areas of property development, including land allocation and acquisition, project development and construction project management, and the Company has an active ongoing construction portfolio and project development portfolio.
The Swedish rental residential market is impacted by several demographic factors and Sveafastigheter believes that the most important factors are:
- Population growth
- Income growth and employment growth
- The trend to commute to key labor markets from nearby municipalities