About Nivika
REAL ESTATE COMPANY IN SMÅLAND
Nivika is a real estate company in Småland with focus on long-term ownership, property management and efficient new development to create profitable and sustainable value growth. The Company primarily operates in Jönköping, Värnamo, Växjö and the West coust of Sweden, areas with growth opportunities and stable rental markets. The diversified real estate portfolio amounts to app. SEK 12 billion, of whichtwo-thirds of the rental value is commercial real estate. The commercial properties mainly consist of industrial, warehouse, office and community service properties.
Property management
Nivika conducts property management with a local presence and its own staff in each location with sufficient management volume. Local management creates opportunities for efficiency and sustainability with close relationships with stable and long-term tenants. Based on each property's unique conditions, energy efficiency, tenant adaptations, renovations and property development are carried out with the goal of increasing property value and yield. The long-term perspective strengthens Nivika's local position.
Preparation of building permits
Nivika develops building rights on existing properties and works actively with municipalities to be able to develop commercial space into housing or enable more housing on current properties in new detailed plans. Existing properties usually contribute cash flow right up until construction starts.
Design and new construction
Sustainability and resource use are central to new construction. Environmental certification of housing, energy-efficient buildings, long-term quality according to the “Nivika standard” to create attractive environments and sustainable management. Long-term management creates stable cash flows which in turn provide opportunities for further investment and expansion.
Real estate transactions
Nivika is continuously working to identify new and interesting property deals. Preferably deals that densify the portfolio in existing locations and thereby create local clusters. Local anchoring and knowledge of the market create business opportunities. Nivika will continue to grow profitably and develop the property portfolio in the Småland and West Coast core markets.
Nivika in short
(2025-09-30)
Property value
12 719
Mkr
Per 2025-09-30
Current contract value
814
Mkr
Per 2025-09-30
Geographical distribution Property value
Other towns: 2%
Total rental income, R12:
765 Mkr
Rental rate, premises:
94%
Rental rate, homes:
99%
Rentable area:
679 000 m²
Loan-to-value ratio:
50%
Number of employees:
65
All data from 30 september 2025
GOALS FOR THE OPERATIONS
With the tenant in focus, Nivika aims to be an attractive, secure and long-term property owner. With local roots, presence and knowledge, we create the conditions for profitable growth.
Annual growth in management profit per share must be at least 15 percent in the long term
The average return on equity shall, in the long term, amount to at least 12%.
The loan-to-value ratio for the group must be under long-term 55 percent
The Group shall, in the long term, maintain an interest coverage ratio of at least 2.0x
Reduce emissions within Scope 1 and 2 by 25 percent by the end of 2025
Nivika as an investment
Local presence in locations with underlying growth and one stable rental market
Long-term management and sustainable value growth provide stable and strong cash flows
Diversified property portfolio
Balanced capital structure controlled by distinct finance policy
Sustainable and profitable properties are created with a high sustainablility focus
Experienced management and board of directors with local knowledge and broad experience
BUSINESS IDEA
The business idea is to be an attractive, reliable, and long-term property owner focusing on the tenant. Local presence, engagement, and knowledge lays the foundation for profitable growth.
VISION
With wisdom from Småland will we own and manage high-yielding properties for generations and be the obvious choice for tenants.
OUR CORE VALUES
COMMITMENT
We work towards the common goals of the business with genuine commitment and take advantage of opportunities that are beneficial to Nivika.
HONESTY
We respect each other and each other's differences and believe in good relationships inside and outside the company with a clear good tone.
JOY
We have fun at work and rejoice in each other's successes; when we succeed, it benefits both ourselves and the company.
SUSTAINABILITY
We believe that sustainability is a fundamental driving force that should permeate the company as a cornerstone in decisions and in our daily operations.
HERE WE ARE
Our management offices are located in Jönköping, Värnamo, Växjö, Värnamo and Varberg.
Our property portfolio is located in the following locations:
- Borås
- Båstad
- Falkenberg
- Gislaved
- Göteborg
- Habo
- Halmstad
- Herrljunga
- Höganäs
- Jönköping
- Kalmar
- Laholm
- Ljungby
- Mullsjö
- Nybro
- Sävsjö
- Ulricehamn
- Varberg
- Vetlanda
- Värnamo
- Växjö
Nivikas historia
-
2000/01
Nivika was founded by Niclas Bergman and Victoria Bergman.
-
2010/11
Nivika takes its first step into Jönköping through the acquisition of two centrally located properties.
-
2011/12
Continued expansion in Värnamo through the acquisition of residential properties.
-
2012/13
Selling of a package of smaller residential properties in Värnamo to enable expansion in Jönköping.
-
2013/14
Benny Holmgren joins as a partner in connection with Nivikas acquisition of Holmgren's head office in Jönköping.
-
2014/15
Several major projects are completed in Jönköping and Värnamo, such as the property Advokaten 14 and also properties at Bredasten in Värnamo.
-
2015/16
Acquisition of the Kärleken area in Värnamo, future detailed plan and also the company's first development project.
-
2016/17
Elisabeth Norman becomes Chairwoman and Nivika makes its first acquisition in Växjö.
-
2017/18
Nivika emit the its first bond on Nasdaq and several property acquisitions are carried out in Värnamo and Jönköping, including two major residential projects.
-
2018/19
Santhe Dahl becomes a partner through a new share issue of SEK 300 million and continued expansion in Värnamo, Jönköping and Växjö.
-
2019/20
Nivika acquires the property portfolio “Alhansa” in Växjö, and establishes a local management organization in the town.
-
2020/21
Nivika acquires Byggsystem AB and enters a new market with several acquisitions on the West Coast. Carries out a new share issue “Nivika Vänner” of SEK 300 million.
-
2021/22
Nivika was officially listed on Nasdaq Mid on December 3, 2021. Acquisition of three major property holdings in Höglandet, Kalmar, the West coast and Ulricehamn.