Key Takeaways
- • Amaron Commercial Properties AB (publ) reported a NAV per B share of SEK 101.02 as of 30 September 2026, up from SEK 100.80 at 30 June 2026.
- • The master fund's property portfolio reached a market value of SEK 675.3 million at 30 September 2026, up from SEK 558.6 million at 30 June 2026, including three properties acquired for SEK 106 million.
- • Profit for January–September 2026 was SEK 5.8 million (SEK 0.5 million prior year), or SEK 3.25 per B share (SEK 3.01).
- • The fund completed a directed share issue of 395,573 B shares at SEK 102 per share on 2 July 2026, raising SEK 40.3 million gross and SEK 37.7 million net of issue costs.
- • A further directed share issue of 51,200 B shares at SEK 102.20 was resolved on 13 October 2026, providing SEK 5.2 million before issue costs.
Summary
Amaron Commercial Properties AB (publ), a Swedish real estate alternative investment fund structured as a feeder fund, published its interim report for the third quarter of 2026 on 10 November 2026. The fund invests primarily in the master fund, Amaron Commercial Real Estate Fund (E) AB, and both are managed by Amaron Fund Management AB. CEO Kjell Rudsby is the company contact.
During the quarter, the master fund, through Amaron Real Estate AB, acquired three commercial properties in the Öresund region for a total property value of SEK 106 million. The portfolio comprises two developed properties and one undeveloped development site, located in the Södra industrial area in Vellinge and at Gastelyckan in Lund. The undeveloped land, measuring 6,005 square metres with building rights of approximately 2,400 square metres, has been subdivided into a separate property and transferred to a separate company. The fund states the acquisitions fit its focus on light industrial, warehouse and office properties in Malmö, Lund and Helsingborg, and that the properties can be managed efficiently under existing management and have significant development potential.
On 2 July 2026, the company completed a directed share issue of 395,573 new B shares at SEK 102 per share, approved by the Board on 24 June 2026 under the authorization from the 28 May 2026 Annual General Meeting. The issue raised SEK 40,348,446 before costs of SEK 2,675,839, for net proceeds of SEK 37,672,607 recognized directly in equity. Shares outstanding rose from 6,903,367 to 7,298,940, consisting of 5,000,000 A shares and 2,298,940 B shares.
Financially, profit for January–September 2026 was SEK 5.8 million, compared with SEK 0.5 million a year earlier, equal to SEK 3.25 per B share versus SEK 3.01. NAV per B share stood at SEK 101.02 at 30 September 2026, against SEK 100.80 at 30 June 2026. The master fund's property portfolio was valued at SEK 675.3 million at quarter-end, up from SEK 558.6 million, including the three properties acquired during the quarter.
After the reporting period, on 13 October 2026, the Board resolved a further directed share issue of 51,200 new B shares at SEK 102.20 per share, providing SEK 5,232,640 before issue costs. Upon completion, total shares will rise to 7,350,140, comprising 5,000,000 A shares and 2,350,140 B shares, with share capital increasing to SEK 735,014. The company reported no other significant events after the period end.
During the quarter, the master fund, through Amaron Real Estate AB, acquired three commercial properties in the Öresund region for a total property value of SEK 106 million. The portfolio comprises two developed properties and one undeveloped development site, located in the Södra industrial area in Vellinge and at Gastelyckan in Lund. The undeveloped land, measuring 6,005 square metres with building rights of approximately 2,400 square metres, has been subdivided into a separate property and transferred to a separate company. The fund states the acquisitions fit its focus on light industrial, warehouse and office properties in Malmö, Lund and Helsingborg, and that the properties can be managed efficiently under existing management and have significant development potential.
On 2 July 2026, the company completed a directed share issue of 395,573 new B shares at SEK 102 per share, approved by the Board on 24 June 2026 under the authorization from the 28 May 2026 Annual General Meeting. The issue raised SEK 40,348,446 before costs of SEK 2,675,839, for net proceeds of SEK 37,672,607 recognized directly in equity. Shares outstanding rose from 6,903,367 to 7,298,940, consisting of 5,000,000 A shares and 2,298,940 B shares.
Financially, profit for January–September 2026 was SEK 5.8 million, compared with SEK 0.5 million a year earlier, equal to SEK 3.25 per B share versus SEK 3.01. NAV per B share stood at SEK 101.02 at 30 September 2026, against SEK 100.80 at 30 June 2026. The master fund's property portfolio was valued at SEK 675.3 million at quarter-end, up from SEK 558.6 million, including the three properties acquired during the quarter.
After the reporting period, on 13 October 2026, the Board resolved a further directed share issue of 51,200 new B shares at SEK 102.20 per share, providing SEK 5,232,640 before issue costs. Upon completion, total shares will rise to 7,350,140, comprising 5,000,000 A shares and 2,350,140 B shares, with share capital increasing to SEK 735,014. The company reported no other significant events after the period end.
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