Fortinova acquires, develops and manages residential properties in growth locations in Western Sweden
Fortinova shall become Western Sweden’s most prominent real estate company in the residential real estate market.
Fortinova’s target is continued growth with requirements for profitability and positive cash flow.
The net loan-to-value ratio will amount to 55–65 per cent over time
The interest coverage ratio will exceed 250 per cent over time
The return on equity will exceed 10 per cent over time
With a large network and local knowledge in Western Sweden, Fortinova has excellent potential to continue its expansion, both in existing locations and in new growth municipalities in the region where there is a housing shortage and a high demand for rental apartments.
Fortinova’s strategy is long-term management of residential properties through acquisitions, development and property management. The focus is on assets with documented strong cash flows with the goal of generating a positive return over time regardless of market developments. Fortinova’s strategy consists of the following:
- Long-term management of residential properties through acquisitions, development and internal property management
- Continued development of residential properties in growing municipalities in western Sweden by maintaining strong relationships with tenants and local organisations
- Development of the existing property portfolio through value-creating improvements such as project development and ‘Plus’ apartments
- Continued focus on sustainability as an integral part of the business through Fortinova’s three cornerstones: ecological, social and economic sustainability