Top 7 Real Estate Development Company in Sweden (Review 2025)
Sweden’s real estate development landscape is undergoing a major transformation driven by urbanization, sustainability, and technological innovation. With over 88% of the Swedish population living in urban areas, the demand for smart, resilient, and eco-friendly developments continues to rise. From large-scale residential communities to cutting-edge mixed-use districts, leading Swedish developers are redefining the urban experience while adhering to stringent environmental standards.
These companies not only shape the skylines of Stockholm, Gothenburg, and Uppsala but also set global benchmarks for green building practices and integrated urban design. The following is a curated list of the top real estate development companies in Sweden and their flagship projects, recognized for excellence in architecture, environmental performance, and community impact.
Top 7 Real Estate Development Company in Sweden
Here, we have listed the top 7 real estate company in Sweden including, Shanska, JM, Vasakronan, NCC, Fabege, Atrium Ljungberg, and Magnolia Bostad.
1. Skanska
Location: Stockholm, Sweden
Skanska is one of the top real estate development companies in Sweden and a global leader in construction and project development. Headquartered in Stockholm, the company specializes in residential, commercial, and infrastructure projects. Skanska is widely recognized for its commitment to sustainability, innovation, and safety. The company has received numerous accolades, including the Green Builder Award and multiple honors from the Swedish Building Industry for environmental leadership. It was also ranked among the World’s Most Ethical Companies by Ethisphere Institute. Skanska’s iconic projects, such as Väla Gård and Solna United, showcase its forward-thinking design and sustainable urban development approach, solidifying its reputation in both Swedish and international markets.
2. JM
Location: Stockholm, Sweden
JM is a leading developer of residential housing and sustainable urban communities in Sweden and the Nordic region. Headquartered in Stockholm, JM is known for building high-quality homes with a strong focus on energy efficiency and architectural aesthetics. The company has received several Sweden Green Building Awards for its eco-certified housing projects and is consistently recognized by Aktuell Hållbarhet as a top sustainable developer. JM’s long-term strategy focuses on innovation in construction methods, climate responsibility, and customer satisfaction. Notable developments like Liljeholmskajen and Täby Park have become benchmarks in sustainable living. The company’s dedication to urban regeneration continues to shape Sweden’s most desirable neighborhoods.
3. Vasakronan
Location: Stockholm, Sweden
Vasakronan is Sweden’s largest commercial property owner and developer, with major assets in Stockholm, Gothenburg, Malmö, and Uppsala. Known for its bold sustainability agenda, Vasakronan is a pioneer in green building initiatives and was the first property company in the world to issue a green corporate bond. The company has received multiple LEED Platinum and Miljöbyggnad Gold certifications for its developments. Projects like Platinan in Gothenburg and Sergelhuset in Stockholm stand out for their architectural innovation and environmental performance. Vasakronan is regularly featured in sustainability indices and awards, including GRESB and Global Real Estate Sustainability Benchmark rankings.
4. NCC
Location: Solna, Sweden
NCC is one of Sweden’s top construction and real estate development firms, headquartered in Solna. The company operates across the Nordic region and is known for creating modern residential, commercial, and infrastructure projects. With a strong emphasis on digitalization and sustainability, NCC has won multiple Swedish Construction Awards and Miljöbyggnad certifications. Its landmark developments such as Stockholm New and Uppsala Entré are celebrated for innovation and community impact. NCC is frequently listed on Sustainalytics and other ESG performance rankings. It is also a major advocate for sustainable cities, integrating climate-smart materials and circular building principles across its portfolio.
5. Fabege
Location: Solna, Sweden
Fabege is a prominent real estate company specializing in the development and management of commercial properties, especially in the Stockholm region. Focused on sustainable urban development, Fabege has been recognized with awards like the Green Building Council’s Sustainable Developer of the Year and is ranked highly by GRESB. Their flagship projects, including Arenastaden and Haga Norra, are examples of large-scale urban transformation. Fabege’s portfolio is characterized by energy-efficient buildings and strategic locations near public transport. With a goal of becoming climate-positive by 2030, Fabege is a leader in shaping future-oriented business districts and environmentally responsible architecture in Sweden.
6. Atrium Ljungberg
Location: Nacka, Sweden
Atrium Ljungberg is a leading urban development company in Sweden, known for its long-term, innovative approach to city-making. Headquartered in Nacka, the company develops mixed-use environments with a strong emphasis on culture, sustainability, and innovation. Projects such as Sickla Köpkvarter and the ambitious Stockholm Wood City—the world’s largest planned wooden city—have drawn international attention. Atrium Ljungberg has received the Urban Design Prize and recognition from Fastighetsbarometern for tenant satisfaction and quality of urban life. The company’s strategic investments in mobility, green technology, and inclusive public spaces reinforce its position as a transformative force in Sweden’s real estate market.
7. Magnolia Bostad
Location: Stockholm, Sweden
Magnolia Bostad focuses on the development of residential properties, including rental apartments, hotels, and care facilities across Sweden. With a headquarters in Stockholm, the company has grown rapidly, emphasizing modern design, affordability, and sustainable construction. Magnolia has received several acknowledgments for its social housing models and innovative collaboration with municipalities. Projects like Tureberg and Bro Mälarstrand are praised for balancing contemporary architecture with community needs. Magnolia Bostad integrates environmental certification systems such as Svanen and Miljöbyggnad, contributing to Sweden’s green housing agenda. Their design-led, inclusive approach has made them a notable name among next-generation Swedish developers.
Real Estate Development Projects in Sweden
At this section, we listed the top 7 real estate development projects. Let’s dive into more details.
1. Stockholm Wood City
Location: Sickla, Stockholm
Developer: Atrium Ljungberg
Stockholm Wood City is set to become the world’s largest urban construction project made entirely of wood. Developed by Atrium Ljungberg, this revolutionary project spans 250,000 square meters and will include offices, homes, restaurants, and shops. Located in Sickla, the development reflects Sweden’s leadership in sustainable architecture. Wooden construction drastically reduces carbon emissions and supports energy efficiency. The project is expected to create a vibrant and climate-smart district with a focus on innovation, well-being, and biodiversity. Stockholm Wood City has gained international acclaim for its environmental ambition, and it positions Sweden as a pioneer in regenerative and circular urban design.
2. Platinan
Location: Gothenburg
Developer: Vasakronan AB
Platinan is one of Gothenburg’s most transformative mixed-use developments. Developed by Vasakronan, this striking 60,000-square-meter building sits by the Göta River and includes offices, hotels, restaurants, and co-working spaces. Platinan features cutting-edge green technologies and has achieved LEED Platinum certification. The design prioritizes light, natural materials, and connectivity. Its proximity to Gothenburg Central Station enhances its role as a key urban hub. The project is a model of sustainable urban growth and has won several awards for its energy efficiency and architectural innovation. Platinan is a symbol of Gothenburg’s urban renewal and commitment to climate-positive development.
3. Täby Park
Location: Täby, Stockholm County
Developer: JM AB and Skanska AB (joint venture)
Täby Park is one of Sweden’s largest urban development projects, transforming a former horse racing track into a vibrant, green neighborhood. With around 6,000 new homes and 5,000 workplaces, the development is a collaboration between JM AB and Skanska. Designed with a sustainability-first approach, Täby Park emphasizes green infrastructure, walkability, and mixed-use urban living. The masterplan includes parks, schools, and public transport integration. Homes are built to meet high energy standards, and the community is planned to encourage low-carbon lifestyles. Täby Park is often showcased as a successful model of suburban densification and smart city planning.
4. Sergelhuset
Location: Central Stockholm
Developer: Vasakronan AB
Sergelhuset is a major redevelopment project in the heart of Stockholm’s CBD, undertaken by Vasakronan. The project includes office spaces, apartments, shops, and restaurants, blending modern architecture with restored heritage buildings. The development spans over 60,000 square meters and has revitalized the Sergels Torg area. Sergelhuset is built to Miljöbyggnad Gold standards and integrates energy-efficient systems, smart technology, and sustainable materials. It has received awards for urban regeneration and green building excellence. The project plays a key role in reimagining central Stockholm as a more livable, walkable, and inclusive city core.
5. Hagastaden
Location: Stockholm-Solna border
Developer: City of Stockholm, Atrium Ljungberg, and others
Hagastaden is a groundbreaking life science and mixed-use district under development along the Stockholm-Solna border. Designed as a hub for innovation, healthcare, and urban living, the area will feature hospitals, research centers, residential units, parks, and cultural spaces. Developers include the City of Stockholm, Atrium Ljungberg, and several private companies. By 2030, Hagastaden will house 50,000 residents and employees. It is planned with climate-smart infrastructure and green certifications. The district strengthens Stockholm’s global standing in medical research and innovation, while offering a unique live-work-play ecosystem with seamless access to public transportation.
6. Uppsala Entré
Location: Uppsala
Developer: NCC AB
Uppsala Entré is a visionary development at the northern entrance of Uppsala, led by NCC AB. The project blends commercial, residential, and transportation functions into a modern urban district. With offices, hotels, apartments, and retail space, Uppsala Entré supports the city’s role as a regional hub. Sustainability is at the core, with energy-efficient buildings, green roofs, and smart mobility solutions. The development aligns with Uppsala’s long-term strategy for growth, sustainability, and innovation. Recognized for its ambitious planning and architectural quality, Uppsala Entré is transforming a key city gateway into a dynamic, future-ready environment.
7. Arenastaden
Location: Solna, Stockholm
Developer: Fabege AB
Arenastaden is one of Sweden’s most successful large-scale urban developments, led by Fabege AB. Located in Solna, the district includes the Friends Arena stadium, Mall of Scandinavia, and state-of-the-art office buildings. Home to global companies like Telia and SEB, Arenastaden is a thriving business and entertainment hub. The district is built around sustainable design principles, including district heating, green certifications, and efficient transport links like the commuter rail and future light rail extension. Arenastaden has received multiple awards for urban planning and innovation and continues to evolve as a benchmark for multifunctional, future-focused city districts in Scandinavia.
Resources: aaup | PR newswire | Miami World Center | AP News | New York Post | Brookfield Properties