Wihlborgs Fastigheter is accelerating its expansion strategy with the SEK13.3bn (€1.2bn) acquisition of Castellum’s South Sweden property portfolio, in a move that significantly strengthens its position in the Öresund region while shifting its growth focus toward existing assets rather than new developments.

The transaction adds 95 properties spanning 635,000sqm of lettable space across Malmö, Lund and Helsingborg, increasing Wihlborgs’ exposure to office, industrial and retail assets in markets where it already has an established management platform. 

Chief Executive Ulrika Hallengren said the acquisition fits squarely within the company’s long-term strategy of growing in one of the Nordic region’s strongest economic areas. Rather than relying solely on new construction, Wihlborgs sees an opportunity to unlock value by investing in existing buildings and leasing vacant space during a period of softer market conditions. 

The acquired portfolio has an occupancy rate of 85%, which management views as offering considerable upside. With an initial yield of 5%, Wihlborgs expects the assets to contribute positively to earnings from property management as early as 2027, even if the company opts for a share issue to help finance the acquisition.

The deal also broadens Wihlborgs’ tenant offering by adding a wider mix of property types, allowing customers greater flexibility to expand within the company’s portfolio. Management believes this strengthens its cluster strategy, where concentrated ownership in key submarkets creates operational efficiencies and supports long-term customer relationships.

“We have invested more than SEK20bn in the Öresund region in the form of new builds and improvements over the past 20 years. While we intend to continue with the above, today’s market presents opportunities to develop existing properties and vacant spaces as part of our long-term growth,” Hallengren commented.

Recently completed deals       
Asset Asset type Location Buyer Vendor Size Price (mln) Key facts
95-property strong portfolio mixed Malmö, Lund, Helsingborg, Ängelholm and Burlöv, Sweden Wihlborgs Castellum 635,000m2 €1200 By value, the portfolio consists of 59% offices, 7% public sector properties, 21% warehouse/light industrial, 9 per cent retail and 4% projects/undeveloped land.
eight logistics assets logistics Italy CBRE Investment Management Techbau and BGO 327,000m2 €370 The properties are 100% let.
Banehaverne residential project living Copenhagen M&G Real Estate Urban Partners, AG Gruppen and Nordea Pension Ejendomme 56,000m2 €250+ The residential scheme comprises 667 rental housing units.
Palazzo Esedra mixed Milan Allianz, Finaval, Unicredit Fetrinelli family 30,000m2 €200 Unicredit also financed the acquisition.
Heathrow Logistics Park logistics Heathrow Hines Blackstone 317,000sqft £135 (€157) Heathrow Logistics Park is fully leased to a diversified occupier base.
Oxford Marriot hotel hotel Oxford Millemont Capital Partners Dominus 160 rooms £74 (€86) This transaction represents the largest urban single asset hotel transaction outside of London this year.
Slough Retail Park retail Slough, UK DTZ Investors NA 121,000sqft £55 (€64) The fully let retail park comprises eight units and a drive-through.
The Lincoln offices office Manchester Northtree M&G 100,000sqft £55 (€64) The property is fully let.
Capital Square office Budapest Wing CA Immo 34,000m2 €62 As of February 2026, occupancy was about 85% with a WAULT of 4.1 years.
three PBSA assets living Lyon, Paris and Toulouse UXCO Group URBEE, Oceanis Promotion 530 beds €60 In Paris-Saclay, the company has acquired a new project while in Lyon and Toulouse it has bought two existing assets.
logistics asset logistics Carobbio degli Angeli, Italy Barcella Elettroforniture Akno Group 46,000m2 €50 AKNO will develop the property on behalf of Barcella.
two care homes living Kent, UK Royal London Asset Management Aspire LPP 146 beds £35 (€41) The care homes will be operated by Dunham Care.
build-to-rent project living Stockholm Barings Innovation Properties 243 units NA The development is set to be spread across six residential buildings alongside a parking facility.
newly built residential asset living Copenhagen CBRE Investment Management DADES A/S 9,788m2 NA Completed in January 2026, the asset comprises 132 apartments.
Seehafenstraße 24 logistics Hamburg Urban Partners and HIH Invest Real Estate Four Parx 77,000m2 NA Around 45,000 m2 is pre-leased, and the remaining space is being marketed by HIH Invest and Four Parx under the name TriPort Hamburg.
10 budget hotels hotel Sweden Revelop NA 1,080 rooms NA Several assets are located in areas undergoing substantial urban development.
Lillie Square living London London Square Shaftesbury Capital 808 homes NA The acquisition unlocks the final phase of the development.
two newly built residential properties living Barkarbystaden, Sweden Art-Invest Real Estate Åke Sundvall 11,000m2 NA With this transaction, Art-Invest Real Estate now owns the entire Atlas block of 327 apartments.
50% of The Mint retail Brussels QRF AG Real Estate 15,000m2 NA The Mint is home to a mix of 25 national and international brands.
Preston PBSA portfolio living Lancashire, UK MCR Property Group Hencap Housing Properties 862-beds NA The portfolio comprises the 438-bed Foundry Court and the 424-bed Trinity Student Village.
two construction projects living Berlin Berlinovo Ten Brinke and CRX Real Estate 300 units NA The projects in the Berlin districts of Lichtenberg and Marzahn-Hellersdorf are being built as part of a forward deal.
143 residential units living London Principal AM Vistry 143 units NA The deal marks the third UK residential acquisition for Principal.
Justice office Brussels Elia Transmission Belgium Immobel 12,000m2 NA The property will be redeveloped into a 36,000m2 mixed-use asset combining offices, residential units, retail and public parking.
The Church Street scheme living Dublin Grey Group Valeo Group 216 apartments NA The property is Greystar’s third major investment in Ireland’s bed purpose-built student accommodation (PBSA) sector.

 

Assets on the market       
Asset Asset type Location Vendor Size Price (mln) Broker Key facts
Clarendon Quarter and The Queen Street Quarter living Leeds and Leicester Aberdeen Investments 558 units £75 (€87) C&W The assets are being marketed for £45 and £30m respectively.
mixed-use development opportunity development Dublin King Street Capital Management and Hines 8.65 acre €40 Savills and CBRE The site could accommodate up to 600 apartments and around 3,229,173 sq ft of retail, leisure and complementary space.
John St office office Cardiff JR Smart 114,000sqft £38.5 (€45) Knight Frank Lloyds Banking Group is consolidating over 3,000 employees to the building.
Lewis’s department store retail Liverpool Augur Group 200,000sqft £18 (€21) Avison Young The property is vacant and has redevelopment potential.

 

Recently completed loans    
Lender(s) Borrower(s) Asset(s) Loan Size (mln) Key facts
Natixis CIB, Deutsche Hypo-NORD/LB Real Estate Finance, DekaBank, Crédit Agricole Île-de-France Swiss Life AM Paris office portfolio €500 The facility has a five-year maturity.
Bond investors CA Immo Unsecured €350 With a term of three years, the bond carries an interest rate of 3.5%.
Gordon Brothers Galeria retail portfolio in Germany €160 The loan is for three years.
Bayview H.I.G Capital, Boxengo Italian self storage portfolio €42 The loan also includes capex to upgrade the assets.

 

New mandates/JVs and funds on the market   
Firm Fund/mandate/JV Strategy Details
Griffin Capital Partners and PRIMESTAR Prime Griffin Hotels Building one of Poland’s leading hotel platforms Prime Griffin Hotels will focus on Poland’s largest urban markets, including Warsaw, Kraków, Wrocław, Katowice, Łódź, Poznań and Gdańsk.
      It targets hotels with more than 100 rooms in the midscale, upscale and luxury segments.

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