- CEO
- Anders Nygren
- Full Time Employees
- 248
- Sector
- Real Estate
- Industry
- Real Estate - Diversified
- Address
- Regeringsgatan 38 Stockholm AB Sweden 111 77
- IPO Date
- Mar 4, 2013
- Business
- Hufvudstaden AB (publ) (HUFAF) owns, develops, manages, and leases high-quality commercial properties focused on prime retail and office spaces in central Stockholm and Gothenburg, Sweden; its portfolio includes shops, offices, hotels, cinemas, restaurants, warehouses, garages, apartments, and the flagship Nordiska Kompaniet department stores in both cities; operations are segmented into property management, NK Retail, and other activities such as Cecil Coworking, NK e-commerce, and parking via Parkaden.
Founded in 1915 by Ivar Kreuger and headquartered in Stockholm, the company targets premium urban districts including Norrmalm and Östermalm in Stockholm, as well as central shopping avenues in Gothenburg, serving corporate tenants, retailers, and consumers with personalized services and sustainable property upgrades.
In recent developments, Hufvudstaden reported a 6% increase in gross profit from property management to SEK 1,435 million for 2024 despite economic challenges, with net revenue up 4% to SEK 2,120 million and rental vacancy improving to 7.1%; the company advanced major projects like Kvarteret Johanna in Gothenburg, securing office leases with key tenants, while maintaining stable office demand in Stockholm and noting early retail recovery signals ahead of 2025; its property holdings were valued at SEK 47.1 billion, supported by a strong balance sheet with 59% equity ratio and 21% net loan-to-value.