Arlandastad Group
Arlandastad Group is a Swedish property development and asset management company focused on large, strategically located land areas in Arlandastad and Skavsta. Its business combines long-term development of land and building rights with ownership and operation of commercial properties, parking facilities, and selected operating activities tied to the sites.
Fiscal year 2025 · change from previous year
Development 2021–2025
Business
Share of revenuePlanning, zoning, and development of large land areas into buildable sites.
Rental income from owned commercial and operational properties.
Site-based services such as education, airport, and event operations.
Parking facilities and related site services supporting the destinations.
Occasional sales of properties, land, or project-related assets.
Customers
Arlandastad Group serves tenants, operators, and partners that need space in large, infrastructure-linked destination areas. Customers include businesses leasing premises, organizations using event or training facilities, and counterparties involved in development, infrastructure, or land transactions. The company’s sites are designed to attract users that benefit from proximity to transport nodes and from clustering with other businesses and services.
Lease offices, premises, and site-adjacent space for operations in Arlandastad and Skavsta.
Use venue space for fairs, meetings, and temporary gatherings at destination facilities.
Use airport-area services and facilities tied to Stockholm Skavsta Airport.
Use testing and specialized facilities connected to automotive and mobility activities.
Buy land, enter joint projects, or collaborate on zoning and site development.
Strategy
Arlandastad Group’s strategy is to develop large, strategically placed areas into long-lived destinations that combine property, infrastructure, and operating activities. It seeks to create value by controlling the full chain from land acquisition and zoning to development, leasing, and selective operations, while working with public and private partners.
Phasing allows the company to unlock value gradually while matching capital deployment to demand.
Combining land, leasing, parking, and operations increases the attractiveness of each destination.
Large development projects require access to funding and disciplined capital planning.
Complex sites benefit from collaboration with municipalities, operators, and other partners.
Geography
The company’s core operations are concentrated in Sweden, primarily in the Arlandastad area near Stockholm Arlanda Airport and in Skavsta near Stockholm Skavsta Airport. These locations are central to the business model because they combine transport access, infrastructure, and large contiguous land holdings that can be developed over time. The company’s exposure is therefore highly site-specific rather than broadly diversified across many countries.
Risks
Key risks stem from the company’s dependence on property values, project execution, financing access, and tenant demand. Because the business is concentrated in large development sites, planning approvals, capital costs, weather, and local market conditions can materially affect timing and returns.
- Project execution riskImpact: HighLikelihood: Medium
Large development projects require approvals, coordination, and capital over long periods.
Exposure: Arlandastad and Skavsta project portfolio
- Financing and interest rate riskImpact: HighLikelihood: Medium
The business uses bank debt and faces higher costs when credit markets tighten.
Exposure: Räntebärande skulder and covenant-linked financing
- Property valuation riskImpact: High
Reported asset values depend on external market assumptions, yields, and project progress.
Exposure: Investment properties and land holdings
- Planning and regulatory riskImpact: MediumLikelihood: Medium
Zoning, detailed plans, and infrastructure approvals can change development timing and cost.
Exposure: Detailed-plan building rights and land development
- Tenant and occupancy riskImpact: MediumLikelihood: Low
Rental income depends on leasing success and continued demand for site locations.
Exposure: Commercial properties and operational sites
- Seasonality riskImpact: Low
Heating, snow removal, and holiday/summer slowdowns affect quarterly comparability.
Exposure: Operating costs and operative activities
Accounting
Judgemental itemsChanges in assumptions, yields, and project status can move reported earnings without cash changing hands.
Impact: Property revaluations and NAV
Properties are valued periodically by external valuers, making assumptions important to reported results.
Impact: Balance sheet and profit volatility
Education, airport, and event services are recognized when performance obligations are satisfied.
Impact: Timing of revenue in quarterly reporting
Winter maintenance and holiday/summer slowdowns distort quarter-to-quarter comparisons.
Impact: Operating margin and cash flow comparability
Judgment is needed when assets contain both rental and operating components.
Impact: Depreciation, fair value, and asset presentation
Similar listed companies
Publicly listed companies with a comparable business focus.
Wallenstam
WALL-B · Real Estate
Wallenstam is a Swedish real estate company focused on the development, management, and leasing of residential and commercial properties.
Skanska
SKA-B · Industrials
Skanska AB is a global construction and project development company headquartered in Sweden.
Hufvudstaden
HUFV-A · Real Estate
Hufvudstaden, founded in 1915, is a prominent property company in Sweden, known for its high-quality commercial properties located in central Stockholm and Gothenburg.
Green Landscaping Group
GREEN · Industrials
Green Landscaping Group is a multinational enterprise focusing on grounds maintenance, green space management, and landscaping.
Wihlborgs Fastigheter
WIHL · Real Estate
Wihlborgs Fastigheter AB is a prominent property company specializing in commercial real estate within the Öresund region, encompassing Malmö, Helsingborg, Lund, and Copenhagen.
Corem Property Group
CORE-B · Real Estate
Corem Property Group is a real estate company that sustainably owns, manages, and develops commercial properties in urban and growth areas.
Last updated: 24/09/2026