Stendörren is a small, but expansive property company focusing on commercial properties, primarily light industry and warehouses in the Stockholm region and Mälardalen. In recent years, it hasalso expanded into Norway, Denmark and Finland, and the company also focus on project development. The portfolio originates from Kvalitena AB, founded in the mid-1990s. Main shareholder is EQT.
Stendörren is relatively small compared to peers and the tenant risk is quite high. Moreover, the company has a promising project portfolio, with its crown jewel being Greenhub Bro. Even though risk/reward seems great we acknowledge that the overall risk in Stendörren gets bigger with more focus on property development.
