# Fastpartner A

> Clarifo company profile — qualitative business description generated from
> the company's filings. Financial statements, charts and ratios are
> available on Clarifo (https://www.clarifo.com/en/companies/fastpartnera).

## Overview

Fastpartner AB is a Swedish listed property company that owns, manages, and develops commercial real estate. Its portfolio is concentrated in Sweden’s largest population centers, with a particular focus on the Stockholm region and other growth areas.

## Products & services

• Ownership and management of commercial properties
• Development and tenant adaptation of office and mixed-use space
• Leasing of premises for offices, logistics, warehousing, industry and retail
• Property development and refurbishment projects
• Long-term real estate ownership and asset management

- **Property ownership and management** (70%) — Core rental properties held and managed for long-term income generation.
- **Office premises** (25%) — Office buildings and office space leased to private and public tenants.
- **Logistics, warehouse and industrial properties** (20%) — Sites used for logistics, storage, industrial and workshop operations.
- **Retail, care, school and other premises** (15%) — Community-oriented and service properties such as retail, care and education.
- **Property development and tenant improvements** (-30%) — Refurbishment, redevelopment and tenant-specific fit-out projects.

- Ownership and management of commercial properties
- Development and tenant adaptation of office and mixed-use space
- Leasing of premises for offices, logistics, warehousing, industry and retail
- Property development and refurbishment projects
- Long-term real estate ownership and asset management

## Customers

Fastpartner leases premises to a mix of private companies, public-sector tenants, and service providers that need well-located space in Swedish urban markets. Demand is driven by tenants seeking accessible locations, flexible premises, and buildings that can be adapted for office, logistics, industrial, retail, care, or education use.

- **Office tenants** (primary) — Companies leasing office space in Stockholm, Uppsala, Gävle and other urban markets for access and flexibility.
- **Public-sector tenants** (primary) — Regions and public agencies leasing adapted premises for administrative and operational use.
- **Logistics and industrial occupiers** (secondary) — Tenants using warehouses, industrial and workshop properties for distribution and production.
- **Retail and service tenants** (secondary) — Businesses leasing street-level or neighborhood retail and service space in populated areas.
- **Care and education operators** (secondary) — Organizations leasing premises designed for healthcare, schooling and related services.

- Office tenants needing space in Stockholm and other growth cities
- Public-sector tenants such as regions and government-related users
- Logistics and industrial occupiers needing functional premises
- Retail and service businesses in urban and suburban locations
- Care and education operators requiring specialized facilities

## Geography

Fastpartner’s portfolio is concentrated in Sweden, especially the Stockholm region and nearby Mälaren Valley areas. The company also operates in other Swedish cities such as Gävle, Uppsala, Norrköping and Söderhamn, which broadens its tenant base while keeping the business anchored in domestic urban real estate markets.

- **Stockholm region and Mälaren Valley** (78%) — Share of rental value from Stockholm region and nearby Mälaren Valley.
- **Rest of Sweden** (22%) — Share of rental value from other Swedish locations, with Gävle as the largest management unit.

- Stockholm region and Mälaren Valley are the core investment area
- About 78% of rental value comes from Stockholm and nearby areas
- About 22% comes from the rest of Sweden, including Gävle
- Operations are focused on Swedish urban and growth municipalities
- Geographic concentration ties results to Swedish property demand

## Strategy

Fastpartner’s strategy is to own and develop properties in Sweden’s largest population centers and in areas with potential for rising attractiveness. The company emphasizes long-term ownership, active property development, and tenant adaptation to support stable leasing demand across multiple property types.

- **Concentrate capital in growth urban markets** (medium-term) — Dense population centers support tenant demand and long-term rental growth potential.
- **Maintain a diversified property portfolio** (medium-term) — Exposure across offices, logistics, retail, care and education reduces dependence on one tenant type.
- **Improve and reposition existing assets** (short-term) — Tenant adaptations and refurbishments help retain occupiers and support leasing activity.
- **Embed sustainability in the portfolio** (long-term) — Energy, water, waste and social initiatives support asset quality and tenant appeal over time.

- Focus investment on Stockholm and other growth regions
- Use a diversified property mix to spread tenant and sector risk
- Develop and adapt buildings to improve leasing appeal
- Pursue long-term ownership rather than short-term trading
- Integrate sustainability into property management and development

## Risks

Fastpartner is exposed to Swedish property-market cyclicality, interest-rate sensitivity, and refinancing conditions because its earnings and asset values depend on rental demand and capital-market access. The portfolio also faces vacancy risk, valuation risk, and tenant concentration in specific urban and public-sector uses, while sustainability and social-license issues matter in certain neighborhoods and development areas.

- **Interest-rate and financing risk** [high] — Property companies rely on debt and refinancing, so higher rates can pressure returns and funding access.
- **Property valuation risk** [high] — Asset values depend on cap rates, vacancies and market sentiment, which can move materially.
- **Vacancy and leasing risk** [medium] — Lower occupancy or weaker tenant demand reduces rental income and can require incentives or fit-outs.
- **Tenant concentration risk** [medium] — Large leases and public-sector tenants can create earnings sensitivity if contracts are not renewed.
- **Social and local operating risk** [medium] — Some properties are in areas where safety, community relations and local conditions affect operations.

- Property values can fall when yields rise or vacancies increase
- Interest-rate and refinancing costs affect property returns and liquidity
- Tenant demand can weaken in a softer Swedish economy
- Public-sector and large-tenant exposure can create concentration risk
- Neighborhood and social issues can affect operations in some areas

## Accounting

Fastpartner’s reported results are heavily influenced by fair-value measurement of investment properties, which can create large non-cash swings from period to period. Investors should also watch judgments around vacancy assumptions, discount rates, tenant improvements, lease accounting and the treatment of green bond financing and other debt instruments.

- **Fair value of investment properties** — Unrealized value changes and balance sheet asset values
- **Key valuation assumptions** — Reported profit, equity and leverage metrics
- **Tenant improvements and redevelopment costs** — Depreciation, operating profit and asset values
- **IFRS 16 lease accounting** — Balance sheet and operating expense presentation
- **Debt and green bond financing** — Net finance costs and liquidity presentation

- Investment property fair value drives large unrealized gains/losses
- Vacancy and yield assumptions materially affect property valuations
- Tenant fit-outs and refurbishments affect capex and depreciation
- Lease accounting affects balance sheet and expense recognition
- Debt and green bond accounting affect financing disclosures

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*Last updated: 2026-08-11T04:04:52.573809+00:00*