The company’s stable financial position enabled further investment and acquisitions during the year, and the slowdown in housing construction contributed to a strong interest in building from developers. In 2024, construction began on housing projects in Haninge, Mölndal and Solna. Preparatory foundation work began in the Masthuggskajen project in Göteborg.

As various types of lease are important for the attractiveness and development ofa residential area, the projects at the end of the year consisted of both rental and owner-occupied properties, retirement homes and a preschool representing a total of 1,350 homes in production. During the year, projects were completed in Askim, Haninge and Fisksätra, which included a refurbishment of Fisksätra centre.

The company also completed a number of property acquisitions in 2024. An office building with LEED Platinum certification (the highest category in the Leadership in Energy and Environmental Design environmental certification system) was acquired in Warsaw, Poland. The property is leased in full under long-term agreements.

Two properties with a total of 216 apartments were acquired in Lund, which means that the apartment portfolio in the Malmö region now amounts to just over 8,000 apartments.

In terms of sustainability, investment continued in charging infrastructure, solar panels and battery storage. The aim is to become self-sufficient in electricity, and the installation of battery storage means that a large amount of self-produced electricity will be stored for internal use. A solar power plant was also completed in Särö during the year and the many years of work on reducing district heating, electricity and water consumption continued.

Thoughtful urban development permeates Stena Property’s operations. Business acumen and sustainability are important elements of the strategy. The administration’s focus is on reducing the climate footprint, energy efficiency and reuse – often driven in partnership with suppliers, as well as on social sustainability, where the ambition is to create safe neighbourhoods where there is confidence in the future.

There are approximately 15,000 children and young people under Stena Property’s care, and an important element of the relationship management approach is to create better life chances for them, for example through summer schools, holiday jobs and help with homework. In 2024, nearly 1,000 young people were offered holiday jobs at Stena Property and various partners. The importance of sustainability work is underlined by financing, where 76 per cent is now sustainability-linked in Sweden.

Digitalisation and innovation are other priority areas. Two good examples are the fact that customers can largely manage their affairs digitally, and AI control of the heating systems installed in the majority of the company’s managed apartments, which contributes to both energy efficiency and a better indoor climate. During the autumn, the digital colleague Sia was also introduced, a generative AI assistant that helps simplify and streamline work.

People

23%

Diversity, percentage of employees with international background

Goal: To reflect society. For 2024, the goal was 26%.

Environment

-36%

Total carbon footprint compared with 2018

Goal: –55% by 2030 compared with 2018 and net zero by 2045.

Society

79.5%

Safety in residential areas

Goal: At least 82% by 2028.

Security is measured through Aktiv Bo, a customer survey. The measurement is run every two years and the latest was in 2023.