"It was not as positive as we thought at the beginning of the year, but results at the end of the year does not lie and optimism is good also into 2026. Stockholm's business sector has started an upturn. Liquidity in the financing market is good, the capital markets are starting to glow again and the pipelines for upcoming IPOs are reported to be good."
Bent Oustad, CEO
We completed several major projects during the year, and some significant customers moved into their new offices. In Flemingsberg, Alfa Laval moved into a 24,000-sqm space at Separatorn 1. In Solna Strand, Saab moved into the 66,000-sqm space at Nöten 4. Both leases are for over 20 years. In Arenastaden, we completed the 27,000-sqm Ackordet 1 property.
In this year’s CSI survey, we asked tenants in Arenastaden, Hammarby Sjöstad and Solna Business Park whether they would recommend other companies to move there. An impressive 97 per cent said yes.
In December, Bent Oustad took over the reins as Fabege’s new President and CEO. Bent was previously CEO of Norwegian Property ASA and has been a member of Fabege’s Board of Directors since 2024.
During the year, 194 new leases were signed at a total rental value of SEK 236m, with 100 per cent of the space pertaining to green leases. The largest letting was to Atea for around 3,200 sqm in Ackordet 1, Arenastaden/Haga Norra. Net lettings totalled SEK 36m in 2025.
The 27,000-sqm Ackordet 1 project has been completed and the first customers have moved in. The property is environmentally certified to BREEAM-SE standard at the highest level of Outstanding, which is very rare to achieve. The entire facade is made of recycled brick. The biggest tenants are JM and Coor.
In Arenastaden, we have begun dismantling several existing buildings in order to make way for the launch of the Kairo/Farao project. The upcoming project includes a commercial building right of 77,000 sqm and a residential building right of 15,000 sqm.
With scores of 94 in the property management assessment and 99 in project development, we received the highest rating of 5 stars, placing us at the very top of the GRESB Score as number 1 in offices among listed companies.
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