Colony Real Estate shares
Unlisted company
Colony is a real estate company that owns, develops and manages modern office properties in Finland – in strategic locations, from areas near the airport to central city districts. Revenue is generated from lease agreements with a diversified and creditworthy corporate tenant base. The company differentiates its offering through shared spaces, a restaurant, events and an active tenant community, with the ambition of positioning itself as a Managed Office operator. All properties are environmentally certified in line with the EU Taxonomy.
Holdings outside the core portfolio
In addition to its core portfolio, Colony owns a minority stake in Fleming Properties, a real estate company with a property in central Helsinki, which contributes recurring cash flow through dividends. The business is managed by the Swedish investment company Altaal in cooperation with the Finnish asset management company Avant Capital Partners.
Growth strategy
Growth is achieved through the acquisition of additional office properties in Finland, guided by a target annual total return of 12 percent, combined with active management of the existing portfolio.
Portfolio and tenants
Pure-play office real estate company in the Helsinki region
Rental and service income from creditworthy tenants
100 percent environmentally certified portfolio
Offering and growth
Shared spaces, events and community
Managed by Altaal together with Avant Capital Partners
Growth through acquisitions and active leasing
Financial performance
Published 6 October 2026Published figures from the company’s own reports. Amounts in MEUR · change from the previous year
- Cash and bank 2025-12-31
- 7.6MEUR
- Operating cash flow
- 5.9MEUR
- Net sales
- 1.9MEUR
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Net sales | 1.9(-1.6 %) | 2(+73.2 %) | 1.1(-45.5 %) | 2.1 |
| Revenue growth | -1.6%(-74.9 pp) | 73.2%(+118.8 pp) | -45.5% | – |
| EBITDA | – | – | 3.9(-0.4 %) | 3.9 |
| EBIT | -0.7 | -0.8 | -0.7 | -0.5 |
| Net income | -4.6 | -0.1 | -4.5 | -1.4 |
| Equity | 142(+3.9 %) | 137 | – | 1,764(+12.3 %) |
| Total liabilities | 165(-3.6 %) | 172 | – | 1,515(+61 %) |
| Cash and bank | 7.6(+20 %) | 6.3 | – | 220(-71.4 %) |
| Operating cash flow | 5.9(-21.1 %) | 7.5(+9.7 %) | 6.8(-89 %) | 62(+338.1 %) |
Documents and reports
4New share issues
Latest 1An overview of the company’s capital raising.
| Date | Capital raised | Valuation |
|---|---|---|
| SEK 84m | SEK 1bn |
Questions about Colony Real Estate
Is Colony Real Estate AB listed on a stock exchange?
No, Colony Real Estate is a public limited company (publ) but is not listed on a stock exchange. The company has not carried out an IPO, so the share is not traded on a regulated exchange but on the unlisted market.
What does Colony Real Estate AB do?
Colony Real Estate is a Swedish property company that owns, manages and develops office properties in the Helsinki region of Finland. The company offers office solutions with services and shared areas, from locations near the airport to central city districts.
Can I buy shares in Colony Real Estate AB?
Yes, it is possible to buy Colony Real Estate shares through trading in unlisted shares, provided there are sellers. Through Eqvor you can place a buy order and be matched with sellers on the unlisted market.
How do I sell shares in Colony Real Estate AB?
If you own shares in Colony Real Estate, you can place a sell order through Eqvor and be matched with buyers. Once the trade is completed, the shares are transferred in line with the company's Euroclear-connected custody structure.
Is Colony Real Estate AB connected to Euroclear?
Yes, Colony Real Estate is connected to Euroclear. That means the shares are handled in the Swedish securities system and can be delivered to an account with the bank or investment firm of your choice once a trade is completed.
Can I hold Colony Real Estate AB shares at Avanza or Nordnet?
Yes. Because Colony Real Estate is connected to Euroclear, the shares can normally be held in an account at Avanza or Nordnet, for example, provided the bank or online broker supports custody of unlisted shares.
Does Colony Real Estate have hembud or pre-emption clauses?
No, according to the company information Colony Real Estate has neither hembud (a right of redemption for existing shareholders) nor pre-emption rights. That means share transfers normally do not have to be offered to existing shareholders before being sold to an external buyer.
At what price does the Colony Real Estate share trade?
Because Colony Real Estate is not listed on a stock exchange, there is no official price on a regulated marketplace. The price is instead set by supply and demand between buyers and sellers on the unlisted market.
Has Colony Real Estate carried out share issues?
Yes, Colony Real Estate has carried out capital raises and earlier share issues. Colony Real Estate's capital raised is stated as SEK 1.8 billion, which shows how much capital the company has raised through previous financing.
When will Colony Real Estate be listed on a stock exchange?
There is currently no publicly communicated timetable for a stock exchange listing of Colony Real Estate. We therefore do not know today when Colony Real Estate might be listed, or whether the company will carry out an IPO.
What are the risks of investing in Colony Real Estate?
Investing in Colony Real Estate involves risk, as with other investments in unlisted shares. The company's value can be affected by the property market, interest rates, occupancy, refinancing, leverage and developments in the Helsinki region office market. Trading in unlisted shares also normally means lower liquidity than trading in exchange-listed shares.
Where do I find the annual report for Colony Real Estate?
Colony Real Estate's annual report is available under Investor relations and Financial reports. The company's annual reports and other financial reports can be downloaded there.
How much capital has Colony Real Estate raised in total?
Colony Real Estate's capital raised is stated as SEK 1.8 billion. An equity raise is the English term for a capital raise; in Swedish, terms such as kapitalrunda, finansiering or nyemission are more commonly used.
Has Colony Real Estate reported a profit or a loss?
Colony Real Estate reports a negative result in the latest available information. Under Key figures, EBITDA is stated as SEK 121,489 thousand and the net result for the year as SEK -17,405 thousand. The company's earnings trend is also shown in the Result per year chart.