- CEO
- Erik Selin
- Full Time Employees
- 1,083
- Sector
- Real Estate
- Industry
- Real Estate - Diversified
- Address
- Parkgatan 49 Gothenburg Sweden 400 15
- IPO Date
- Apr 27, 2022
- Business
- Fastighets AB Balder (publ) (BALDF) is a leading Swedish real estate company that acquires, develops, owns, leases and manages a diversified portfolio of residential and commercial properties across the Nordic region and Europe; its core offerings include rental apartments, apartments for sale, hotels such as the Steam Hotel in Västerås, offices, shops, restaurants and cafés, schools, industrial spaces, warehouses, storage facilities, garages and parking spaces. The company operates primarily in Sweden, Denmark, Finland, Norway, Germany and the United Kingdom, with a strategic focus on urban development, local presence in key markets and long-term ownership to generate stable cash flows for tenants, investors and stakeholders. Founded in 1995 and headquartered at Parkgatan 49 in Gothenburg, Sweden, Balder maintains operational segments including Helsinki, Stockholm, Gothenburg, Copenhagen, South, East and North, serving residential tenants and commercial clients such as Bilia with responsive property management and innovative solutions. In recent developments, Balder acquired investment properties valued at SEK 5.2 billion from its joint venture Fastighets AB Centur in November 2024, gaining sole ownership of approximately 30 commercial assets including Lyckholms in Gothenburg, which strengthens its financial position alongside a directed cash issue and expected dividends; additionally, in December 2024, the company signed an agreement to acquire the Doxa Fastigheter business area—comprising twelve commercial investment properties in Malmö and Landskrona—and apartments primarily in Karlatornet, further expanding its portfolio around Malmö Arena in Hyllie. Balder continues to pursue sustainability targets such as 2% annual energy efficiency improvements per square meter, halving operational emissions by 2030 from a 2022 baseline and achieving net-zero across its value chain by 2045, while meeting financial goals like a minimum 40% equity/assets ratio and interest coverage of at least 2 times.