In English

Welcome to Vasakronan


Vasakronan is the leading property company in Sweden. Our strategy is to focus on Sweden’s major growth regions: Stockholm, Uppsala, Gothenburg, Malmö and Lund.

176 properties with a total area of 2,400,000 m2

We own and manage 176 properties with a total area of approx. 2,400,000 m2 (as of JSeptember 30, 2018). Many of the properties are situated in clusters and offer supplementary services to the tenants. The portfolio is valued at SEK 134 billion.

Environment and climate work are highly prioritized. Vasakronan is a carbon neutral company and is ISO 14001 certified. We were also Sweden’s first property company to offer green leases and green offices. For further information, see Sustainability.

The organization has operations in four regions – Stockholm, Uppsala, Gothenburg and Öresund. The number of employees is approximately 310.

Vasakronan is jointly owned by the First, Second, Third and Fourth Swedish National Pension Funds.

Office leasing

Vasakronan offers office premises in Stockholm, Uppsala, Gothenburg, Malmö and Lund. To contact our lease managers, please use contact details below:

Leasing Manager – Jesper Swedenborg
Workplace Strategies and Tenant Advisory – Henrik Eriksson

Jesper Swedenborg
Uthyrningschef Jesper Swedenborg 070-968 17 82 · 08-566 207 82
Henrik Eriksson
Arbetsplatsstrategi och hyresgästrådgivning Henrik Eriksson 070-968 17 90 · 08-566 207 90

Business Area Manager Retail and Leasing – Karin Berg

Karin Berg
Affärsområdeschef handel och uthyrning Karin Berg 070-880 38 53 · 018-489 20 83

Leasing Manager – Daniel Jighede

Daniel Jighede
Uthyrningschef Daniel Jighede 070-453 01 42 · 031-743 42 24

Leasing Manager – Anneli Dahl

Anneli Dahl
Uthyrningschef Anneli Dahl 070-961 84 02 · 040-691 71 58

Retail leasing

Vasakronan is the leading property company in Sweden regarding city retail premises. If you are looking for a central location in any of Sweden’s major cities, please contact our retail leasing managers.

Attractive City Shopping

Business Area Manager Retail – Martin Sandgärde

Martin Sandgärde
Chef handel Sthlm Martin Sandgärde 072-734 84 85 · 08-782 04 85

Business Area Manager Retail and Leasing – Karin Berg

Karin Berg
Affärsområdeschef handel och uthyrning Karin Berg 070-880 38 53 · 018-489 20 83

Leasing Manager – Daniel Jighede

Daniel Jighede
Uthyrningschef Daniel Jighede 070-453 01 42 · 031-743 42 24

Business Area Manager Retail – Eric Sjöstedt

Eric Sjöstedt
Affärsområdeschef handel Eric Sjöstedt 073-920 10 00 · 040-691 71 72


In order to realize our vision of future-proof cities, we need to have sustainable societies. Sustainability is therefore a natural, integral part of Vasakronan’s organization and business. This applies to the board, management and our everyday activities.

In order to achieve our vision of future-proof cities, with buildings where both individuals and companies can thrive, we must contribute to a sustainable development of society – financially, environmentally and socially. Together with our employees, tenants and other stakeholders, we strive to ensure that our cities will be good societies over time.

Our mandate from the company’s owners is to generate a high, risk-balanced, long-term return from property investments in Sweden. At the same time, we must run our business both ethically and with consideration for the environment. This is why our sustainability efforts are strategically critical to meeting the target return.

Sustainability work consists of financial and environmental efforts, along with social responsibility. All of these efforts are based on the ten principals outlined in the UN Global Compact, internal policies/guidelines and Vasakronan’s Code of Conduct. The work is goal-oriented and long-term. It also requires commitment from all employees in the organization.

We discourage all forms of corruption and all of Vasakronan’s employees and suppliers are expected to comply with existing laws. Our Compliance Officer is responsible for ensuring that there is correct behavior throughout the company and its business. Vasakronan’s General Counsel Sheila Florell has been assigned this role. She is the person that any employee or outsider may turn to if they suspect that rules or policies are not being followed.

Vasakronan was proud to be the first company in the world to issue green bonds in November 2013, see Vasakronan Green Bond FrameworkCicero Second Opinion and Bondholders report.

Click here for Vasakronan annual report 2017
Click here for a summary of Vasakronan’s sustainability data 2016 in accordance with Global Reporting Initiative (GRI).
Click here for Global Compact Communication on Progress 2017.

If you would like to learn more about Vasakronan’s sustainability work, you are welcome to contact our Head of CSR, Anna Denell.

General Counsel – Sheila Florell
Head of CSR – Anna Denell

Sheila Florell
Chefsjurist Sheila Florell 070-968 15 56 · 08-566 205 56
Anna Denell
Hållbarhetschef Anna Denell 070-968 15 81 · 08-566 205 81

Board & Management


Fredrik Wirdenius

Fredrik Wirdenius (1961), President Vasakronan
Civil engineer. Elected 2008.
Previous experience: Various management positions at Skanska.
Other assignments: Board member of Scandic Hotels and RICS Sweden

Ronald Bäckrud

Ronald Bäckrud (1958), Senior Vice President, Stockholm Region
Civil engineer. Employed 1995.
Previous experience: J&W, Vattenbyggnadsbyrån, Skandia and Arne Johnson Förvaltning.
Other assignments: Board member of Byggherrarna.

Sheila Florell

Sheila Florell (1965), Senior Vice President, General Counsel
Law degree. Employed 2005.
Previous experience: If Skadeförsäkring and Association of Swedish Real Estate Agents.
Other assignments: Board member of SSM Holding.

Jan-Erik Hellman (1975), Senior Vice President, Uppsala Region
Civil engineer. Employed 2010.
Previous experience: JLL, ICA Fastigheter

Christer Nerlich

Christer Nerlich (1961), Senior Vice President, CFO
Graduate in Economics. Employed 1995.
Previous experience: Newsec and FastighetsRenting.
Other assignments: Board member of Akademiska Hus.

Anna Nyberg

Anna Nyberg (1973), Senior Vice President, Property development, Stockholm
Civil engineer. Employed 2007.
Previous experience: Hufvudstaden, Ericsson, Dalkia and Stadshypotek

Kristina Pettersson Post

Kristina Pettersson Post (1964), Senior Vice President, Gothenburg Region
Civil engineer. Employed 1993.
Previous experience: Byggnadsstyrelsen.
Other assignments: Board member of Nordstans Samfällighet and CMB Chalmers.

Johanna Skogestig

Johanna Skogestig (1974), Senior Vice President, Chief Investment Officer (CIO)
Civil engineer, Employed 2015
Previous experience: AP Fastigheter, Sveafastigheter and Areim
Other assignments: Board member of Corem Property Group and Fastighets AB Regio.


Anna Stenkil (1968), Senior Vice President, Öresund Region
Graduate studies in Economics. Employed 2011.
Previous experience: Proffice, Newsec, Wihlborgs.
Other assignments: Board member of Fastighetsägarna and Ideon AB.

Cecilia Söderström

Cecilia Söderström (1962), Senior Vice President, Human Resources
Graduate studies in personnel and labor market. Employed 2008.
Previous experience: Svenska Spel and Ericsson.
Other assignments: Board member of Almega Fastighetsarbetsgivarna.

Per Thiberg

Per Thiberg (1959), Senior Vice President, Business development
Civil engineer. Employed 2002.
Previous experience: JM and Newsec.

Nicklas Walldan

Nicklas Walldan (1971), Senior Vice President, Technology, Services and Development
Civil engineer. Employed 2001.
Previous experience: Tyréns.
Other assignments: Board member of Svensk Byggtjänst and Samhällsbyggnadslänken vid KTH.

Peter Östman

Peter Östman (1961), Senior Vice President, Corporate Communications
Graduate in economics. Employed 1998.
Previous experience: Storstaden.


Mats Wäppling

Mats Wäppling (1956), Chairman
M.Sc. in civil engineering. Elected in 2010. Chairman in 2014.
Other board positions: Pandox, Vesper, PKM Invest, Nordic Modular Group, Campus X and Assemblin.
Previous experience: Various management positions at Sweco, NCC and Skanska.

Jan-Olof Backman

Jan-Olof Backman (1961), Own business
M.Sc. in civil engineering. Elected in 2011.
Other board positions: Microsystemation, Logens and 24Storage.
Previous experience: SvP Coor Service Management, Senior Engagement Manager at McKinsey & Company, CEO at Byggnads AB O. Tjärnberg.

Niklas Ekvall

Niklas Ekvall (1963), CEO Fourth National Pension Fund
Ph.D. Financial Economics and M.Sc Industrial Engineering. Elected in 2016.
Other board positions: Hans Dahlborgs Stiftelse för Bank- och Finansforskning and NIM.
Previous experience: CEO Nordea Investment Management, Vice President Third National Pension Fund, various management positions at Nordea, Carnegie and Handelsbanken.

Ann-Sofi Danielsson

Ann-Sofi Danielsson (1959), CFO and Head of IR på Bonava
Graduate in Economics. Elected in 2017.
Other board positions: Pandox and Bulten.
Previous experience: CFO of NCC. Board member of RNB Retail and Brands.

Kerstin Hessius

Kerstin Hessius (1958), CEO Third National Pension Fund
Graduate in Economics. Elected in 2004.
Other board positions: Hemsö, Trenum, Handelsbanken, SVEDAB and Öresundskonsortiet.
Previous experience: CEO Stockholm Stock Exchange, Deputy Governor of Swedish Central Bank, Chairman of the Board Finansmarknadsrådet and various positions in Östgöta Enskilda Bank and Alfred Berg.

Eva Halvarsson

Eva Halvarsson (1962), CEO Second National Pension Fund
Graduate in Economics. Elected in 2006.
Other Board positions: University of Göteborg, UN-PRI and Finanskompetenscentrum.
Previous experience: Auditor and manager State governance.

Christel Kinning

Christel Kinning (1962), Board assignments and own business
Economics and marketing. Elected in 2014.
Other board positions: Stadium, Reima, Zoundindustries, Venue Retailgroup, Björn Borg and Hope.
Previous experience: CEO Polarn O. Pyret, CEO RNB Retail and Brands and various management positions at Kellermann Scandinavia.

Rolf Lydahl

Rolf Lydahl (1945), Own business
Graduate in Economics. Elected in 2007.
Other board positions: Atlasmuren.
Previous experience: CEO at finance company Probo, Vice President Nordstiernan, various management positions in Retriva, representative Credit Suisse in Sweden.

Johan Magnusson

Johan Magnusson (1959), CEO First National Pension Fund
Graduate in Economics. Elected in 2008.
Other board positions: Willhem.
Previous experience: Manager Global Head of Investment Management, SEB Wealth Management, SEB Private Banking and ABB Investment Management.

Senior Vice President, Corporate Communications – Peter Östman
Project leader, Corporate Communications – Rebecca L Thorell

Rebecca L Thorell
Projektledare kommunikation Rebecca L Thorell 072-222 15 09 · 08-566 205 09
Peter Östman
Kommunikationschef Peter Östman 070-968 15 60 · 08-566 205 60



Vasakronan finances its activities either through owners’ capital or through external borrowing. The division between owners’ capital and borrowing is decided by weighting the requirements for returns and financial stability. External borrowing is done in the capital market through bonds or commercial papers, or from banks and the sources of financing is widely distributed as per below (31 December 2017).

Commercial Paper

Total Amount MSEK 25 000
Maturity Less than one year
Change of Control Clause “Change of Control” occurs when shares representing 51 % of the votes in the issuer are not owned, directly or indirectly, by one or more of Första AP-fonden, Andra AP-fonden, Tredje AP-fonden and Fjärde AP-fonden.
Issuing and Paying Agent Svenska Handelsbanken AB
Dealers Danske Bank, Nordea, SEB, Handelsbanken Capital Markets, Swedbank, DnB
Clearing Systems Euroclear Sweden


Total Amount EUR 6 000 000 000 or its equivalent in other currencies
Maturity At least 1 year
Governing Law English, Norweigan (VPS Notes)
Listing Euronext Dublin, Oslo Stock Exchange
Change of Control Clause Change of Control occurs when the aggregated holdings of the AP Funds cease to represent at least 51 per cent of the total voting rights represented by the shares in Vasakronan and the rating is lowered by at least one full rating notch
Arranger Citibank
Dealers Barclays, BNP Paribas, Danske Bank, Deutsche Bank, Handelsbanken Capital Markets, Nordea, SEB, Swedbank, DNB Bank ASA
Clearing Systems Clearstream, Euroclear, Verdipapirsentralen ASA

EMTN Prospectus



Danske Bank

Louis Landeman +46 (8) 568 805 24


Kristina Solbakken +47 24 16 90 51


Johan Sahlström +46 (8) 463 46 37


Johan Malmborg +46 101 564 018


Ebba Lindahl +46 (8) 522 29681


Michael Johansson + 46 (72) 219 3691

Senior Vice President, CFO – Christer Nerlich
Group Treasurer – Thomas Nystedt

Christer Nerlich
Chef ekonomi och finans Christer Nerlich 070-968 15 40 · 08-566 205 40
Thomas Nystedt
Finanschef Thomas Nystedt 070-686 25 41 · 08-566 205 41