- Business
- Aktiebolaget Fastator (publ) (FASTAT.ST) is a Sweden-based investment company that primarily invests in entrepreneur-driven real estate companies across property ownership, service, and other property-related segments; it provides property management services and focuses on financing, developing, and operating real estate projects including student housing, industrial properties, and public buildings. The company operates through subsidiaries such as Point Properties AB, Industrisamhället Norden Holding AB, NSH Holding AB, and Offentliga Hus, targeting high-yield properties in regions like Blekinge, Småland, Skåne, and Västra Götaland; its portfolio emphasizes active, long-term ownership of assets in peri-urban business parks and student accommodations. Founded in 2005 and headquartered in Stockholm, Sweden, Fastator employs around 107 people under CEO Jonas Sundin and maintains operations predominantly within Sweden. Recent developments include a heavily oversubscribed directed new share issue raising approximately SEK 120 million; ongoing restructuring of holding companies Offentliga Hus and Industrisamhället alongside the creation of a new holding entity via acquisition of shares in Studentbostäder i Sverige AB; negotiations with bondholders following a breach of financial solvency covenants and approvals to extend fulfillment periods for restructuring conditions announced in 2024; a subsidiary Point Properties Portfolio 1 facing rejection of its corporate reorganization application by the Stockholm District Court with plans to appeal; and divestitures such as the sale of the Riddaren 1 property in Strömstad for SEK 62.65 million.