MKB in two minutes

MKB Fastighets AB is one of the largest council owned housing companies in Sweden. With more than 23,000 flats and 1,000 business premises, MKB is the largest property owner in Malmö. MKB is owned by the City of Malmö.

MKB has, by virtue of its size and ownership structure, a particular responsibility for the housing market in Malmö. The company aims to strengthen the appeal and development of the city through balanced construction planning and responsible rent levels.

MKB’s goals are being the customers’ first choice, having inclusive and passionate employees, providing a sustainable and affordable accommodation and having the financial strength to develop for the future. MKB’s properties are managed with a strong emphasis on financial, social and environmental sustainability.

MKB owns about a third of all rental flats in Malmö. Out of the total housing stock in Malmö, MKB’s share is around 15 percent.

Market value

The market value of MKB’s housing stock in 2017 is estimated at around 32.9 billion SEK.

Turnover

In 2017, MKB had a turnover of 2.1 billion SEK.

Employees

MKB has around 300 employees.

Sustainable production of new rental flats

During 2017, 520 flats were completed. At the year-end 2017 there were 1,066 flats under construction and the planning of another 1,350 under way. MKB always strives to build cost-effectively, sustainably and with high quality.

Management group and organisation

Terje Johansson is the CEO of MKB. The management group consists of the CEO, CFO, HR Manager, Manager of Residential Property Management, Manager of New Construction, Business Development Manager, Administration Manager, and Chief of Staff. The management of our buildings centres around the caretaker and their responsibility for the property and the customer. To support their relation with the customer, the caretaker has a team with specialised skills at their disposal, such as tenant participation developers, property administrators, and customer service.

Board

MKB’s politically appointed board is nominated by the Malmö City Council, and reflects the council’s composition of political parties. The board consists of seven board members and three alternate members. Lars-Erik Lövdén is chairman.