Tenant concentration
All rental income comes from Saab AB, so any default, downsizing or non-renewal would hit revenue directly.
- Scope
- Entire property leased to one tenant
- Materiality
- high
Kallebäck Property Invest
Kallebäck Property Invest AB is a Swedish property company that indirectly owns, manages and leases the Kallebäck 17:2 office property in Gothenburg. The company is structured around a single long-term rental asset and operates through a listed Swedish public company on Nasdaq First North Growth Market.
| % | |
|---|---|
| Commercial property leasing | 95% Rental of the Kallebäck 17:2 property under a long-term lease. |
| Property management | 3% Operational management, tenant coordination and administration of the asset. |
| Property maintenance and upkeep | 2% Planned maintenance and building-related service costs passed through the asset structure. |
The company’s customer base is highly concentrated and consists primarily of one commercial tenant, Saab AB, which...
- Saab ABprimary
The sole tenant leasing the entire property for corporate use under a long-term contract.
- Large industrial and defense occupierssecondary
Comparable users of specialized corporate premises who value location, access and long leases.
- Institutional property investorssecondary
Investors in listed single-asset property companies who value contracted cash flow exposure.
Kallebäck Property Invest is centered on one asset in the Kallebäck district of Gothenburg, Sweden, about 5 km...
- •Single asset located in Kallebäck, Gothenburg
- •Close to E6/E20 and road 40 toward Landvetter
- •Sweden is the core operating market
- •Local geography matters because the asset is tenant-specific
- •No country revenue split was disclosed beyond Sweden
The company’s strategy is to preserve stable rental income through a long lease with a financially solid tenant and...
01
Protect contracted rental incomeshort-term
The business depends on one lease, so occupancy and tenant quality are central to cash flow stability.
02
Control financing costsshort-term
Interest expense is a key cost line and directly affects distributable cash flow and valuation.
03
Preserve asset value through maintenancemedium-term
A single-property model makes upkeep and tenant satisfaction important for long-term value retention.
The main business risk is customer concentration, because the entire property is leased to one tenant and any vacancy...
Interest-rate and refinancing risk
Debt service is a major cost item and the company uses borrowings and swaps to manage rate exposure.
- Scope
- Property loans and interest-rate swaps
- Materiality
- high
Fair value volatility
Reported earnings can change with property valuation assumptions and derivative mark-to-market movements.
- Scope
- Investment property and swap valuation
- Materiality
- medium
Local property market risk
The portfolio is concentrated in one Gothenburg asset, so local demand and location-specific factors matter.
- Scope
- Kallebäck 17:2 in Gothenburg
- Materiality
- medium
Investment property fair value
Reported profit may differ substantially from cash flow
Derivative valuation
Earnings volatility from changes in market rates
Index-linked rental income
Revenue growth can reflect indexation rather than volume
: 11/08/2026