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Wihlborgs signs development and long-term lease deal with MilDef Group

#International News#Sweden
Last Updated : 13th Apr, 2026
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Synopsis

Wihlborgs Fastigheter AB has entered into a development and lease agreement with MilDef Group AB for a 10,200 sqm integrated facility. The project involves a total investment of SEK 97 million, including land costs. The lease agreement will run until 2039, indicating a long-term commitment between both companies. The facility is expected to be ready for occupancy in summer 2027. The deal reflects continued demand for customised, built-to-suit industrial and technology spaces, particularly from defence and technology-linked companies seeking secure and specialised infrastructure.

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Wihlborgs Fastigheter AB has signed a development and lease agreement with MilDef Group AB for a new integrated facility spread across 10,200 square metres. The company stated that it will develop a customised solution tailored to MilDef's operational requirements, highlighting the growing demand for specialised infrastructure in the defence and technology sectors.


The total investment for the project stands at SEK 97 million, which includes the cost of land. This aligns with Wihlborgs ongoing strategy of investing in purpose-built commercial and industrial assets with long-term tenants. The lease agreement for the entire facility will remain in place until 2039, reflecting a stable and extended revenue stream for the developer.

Occupancy of the facility is scheduled for summer 2027, providing MilDef with a dedicated space to support its expansion plans. The company has been strengthening its presence in recent years, particularly in defence-related technology solutions, which has driven the need for secure and integrated premises.

Such built-to-suit developments have gained traction across European markets, where occupiers are increasingly opting for customised facilities instead of standard office or industrial spaces. Wihlborgs has previously undertaken similar projects, focusing on long-term leasing structures that reduce vacancy risks and ensure predictable returns.

Source Reuters
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