Property valuation risk
Reported asset values depend on external market assumptions, yields, and project progress.
- Scope
- Investment properties and land holdings
- Materiality
- high
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.
| % | |
|---|---|
| Property development | 35% Planning, zoning, and development of large land areas into buildable sites. |
| Property leasing | 30% Rental income from owned commercial and operational properties. |
| Operative activities | 20% Site-based services such as education, airport, and event operations. |
| Parking and ancillary services | 10% Parking facilities and related site services supporting the destinations. |
| Asset sales and project exits | 5% Occasional sales of properties, land, or project-related assets. |
Arlandastad Group serves tenants, operators, and partners that need space in large, infrastructure-linked destination...
- Commercial tenantsprimary
Lease offices, premises, and site-adjacent space for operations in Arlandastad and Skavsta.
- Event and exhibition userssecondary
Use venue space for fairs, meetings, and temporary gatherings at destination facilities.
- Airport and travel-related userssecondary
Use airport-area services and facilities tied to Stockholm Skavsta Airport.
- Vehicle and test-activity operatorssecondary
Use testing and specialized facilities connected to automotive and mobility activities.
- Development and infrastructure partnersprimary
Buy land, enter joint projects, or collaborate on zoning and site development.
The company’s core operations are concentrated in Sweden, primarily in the Arlandastad area near Stockholm Arlanda...
- •Operations are concentrated in Arlandastad and Skavsta in Sweden
- •Sites are tied to airport and transport infrastructure
- •Large contiguous land holdings support phased development
- •Revenue depends on local leasing, site operations, and project activity
- •Geographic concentration creates site-specific planning and demand exposure
Arlandastad Group’s strategy is to develop large, strategically placed areas into long-lived destinations that combine...
01
Phased development of Arlandastad and Skavstamedium-term
Phasing allows the company to unlock value gradually while matching capital deployment to demand.
02
Integrated site modelmedium-term
Combining land, leasing, parking, and operations increases the attractiveness of each destination.
03
Financial flexibilityshort-term
Large development projects require access to funding and disciplined capital planning.
04
Partnership-led infrastructure developmentlong-term
Complex sites benefit from collaboration with municipalities, operators, and other partners.
Key risks stem from the company’s dependence on property values, project execution, financing access, and tenant demand...
Project execution risk
Large development projects require approvals, coordination, and capital over long periods.
- Scope
- Arlandastad and Skavsta project portfolio
- Materiality
- high
Financing and interest rate risk
The business uses bank debt and faces higher costs when credit markets tighten.
- Scope
- Räntebärande skulder and covenant-linked financing
- Materiality
- high
Tenant and occupancy risk
Rental income depends on leasing success and continued demand for site locations.
- Scope
- Commercial properties and operational sites
- Materiality
- medium
Planning and regulatory risk
Zoning, detailed plans, and infrastructure approvals can change development timing and cost.
- Scope
- Detailed-plan building rights and land development
- Materiality
- high
Seasonality risk
Heating, snow removal, and holiday/summer slowdowns affect quarterly comparability.
- Scope
- Operating costs and operative activities
- Materiality
- medium
Fair value measurement of investment properties
Property revaluations and NAV
External valuation cadence
Balance sheet and profit volatility
IFRS 15
IFRS 15 revenue recognition for operative activities
Timing of revenue in quarterly reporting
Seasonality in operating costs
Operating margin and cash flow comparability
Classification of mixed-use properties
Depreciation, fair value, and asset presentation
: 11/08/2026