We build up your capital together
with the Swedish welfare system.
Mofast – Mälardalens Omsorgsfastigheter AB – is a listed real estate company that owns and manages public-use properties. The portfolio comprises around 75,700 square metres across 67 properties with a total value of approximately SEK 1.4 billion.
Investing in public-use properties is safe – the cash flow is secure and demand is unaffected by the economy in general. Our tenants are primarily municipalities and county councils. The properties provide sheltered accommodation for the disabled and vulnerable (LSS accommodation and HVB accommodation), elderly care, and preschools. Thanks to close long-term relationships and our own active management, we help to make Swedish social care world-leading. Investing in public-use properties is safe. The cash flow is secure and demand is unaffected by the economy in general. In addition, the need for social care in Sweden appears to be increasing. Sweden now has a population of more than 10 million people, a sizeable proportion of which is over the age of 80 and, according to Statistics Sweden, is expected to rise by a further 75%. This means that a further 42,000 new homes will be needed within elderly care.
There is already a serious shortage of sheltered accommodation for the disabled and vulnerable. 1,500 children, young people, and adults are currently waiting for somewhere to live, despite the Law on Support and Service for the Disabled – LSS – giving them the right to accommodation. It’s the same situation for people who need family accommodation and respite accommodation. Mofast’s role is to ensure that our tenants can provide people with the care they need.
Our properties are located throughout Sweden and are between 200 sqm and 2,000 sqm. This size segment offers a wider range of properties rather than simply larger properties. Most of the properties are multi-purpose buildings that are easy to adapt to new businesses. This means we’re flexible and our properties are attractive. Many of our properties have fully equipped homes and can be easily converted into regular accommodation, which adds value to our portfolio. Total rental income in 2020 is estimated at SEK 97.7 million, with a net operating income estimated at SEK 75.8 million. This corresponds to a total return of 5.3% on the total initial property value. The objective is to generate a total return of at least 7% per year.
OUR PROPERTIES 2020