An overview of the portfolios of the MAVERIC consortium partners

This fact sheet provides an overview of the real estate portfolios of the MAVERIC consortium partners, detailing the Swedish real estate investment landscape, accounting standards for asset valuation, and the specific portfolio compositions of several major institutional investors.

• Sweden is a leading European market for per-capita commercial real estate investment, recording EUR 24.6 billion in 2021. This represents approximately 10% of all real estate investments in Europe.
• Real estate assets are generally categorized into three sectors: residential (housing and non-professional use), commercial (offices, hotels, shopping malls, and retail), and industrial (warehouses, factories, and public sector leased assets).
• Under International Accounting Standards (IAS 40), investment properties are defined as land or buildings held to earn rentals or for capital appreciation, provided they are not owner-occupied, used in production/administration, or held for sale in the ordinary course of business.
• The MAVERIC consortium partners manage real estate portfolios with a total market value of approximately SEK 590 billion, excluding Swedbank's mortgage exposure. This is compared to an estimated total value of all taxable real estate in Sweden of SEK 12 099 billion.
• The portfolios of MAVERIC partners are primarily concentrated in offices and retail space, followed by residential units. While city centres are preferred, investments in logistics assets and shopping malls have led to increased activity in city outskirts.
• The MAVERIC partners' portfolios show diverse compositions: Vasakronan is heavily weighted toward offices (75%), while Swedbank's exposure is dominated by residential assets (SEK 1094 billion) compared to commercial (SEK 187 billion).

APA

Piseddu, T., Moberg, Å., & Vanhuyse, F. (2023). An overview of the portfolios of the MAVERIC consortium partners. Stockholm Environment Institute. https://www.sei.org/wp-content/uploads/2023/10/231003a-pr193-gill-piseddu-maveric-brief-2306b.pdf

Chicago

Piseddu, Tommaso, Åsa Moberg, and Fedra Vanhuyse. An overview of the portfolios of the MAVERIC consortium partners. Stockholm Environment Institute, 2023. https://www.sei.org/wp-content/uploads/2023/10/231003a-pr193-gill-piseddu-maveric-brief-2306b.pdf.

Wikipedia

{{cite report |last1=Piseddu |first1=Tommaso |last2=Moberg |first2=Åsa |last3=Vanhuyse |first3=Fedra |title=An overview of the portfolios of the MAVERIC consortium partners |publisher=Stockholm Environment Institute |date=September 2023 |url=https://www.sei.org/wp-content/uploads/2023/10/231003a-pr193-gill-piseddu-maveric-brief-2306b.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{piseddu2023overview, author = {Piseddu, Tommaso and Moberg, Åsa and Vanhuyse, Fedra}, title = {{An overview of the portfolios of the MAVERIC consortium partners}}, institution = {Stockholm Environment Institute}, year = {2023}, month = sep, url = {https://www.sei.org/wp-content/uploads/2023/10/231003a-pr193-gill-piseddu-maveric-brief-2306b.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }