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Joint venture

Hemsö uses joint ventures as a strategic tool to create new business opportunities and enable profitable growth. By collaborating with partners who complement our expertise and resources, we gain access to new projects, attractive properties and development rights.

Shares

Hemsö own shares in Turku Technology Properties Oy (TTP), Lanthem Samhällsfastigheter AB (Lanthem), HemTag Fastigheter AB (HemTag) and Cologne, Corintostraße 1 Immobilien GmbH (Kalk).

  • TTP

    Hemsö has shared joint control over Turku Technology Properties Oy (TTP) since 2019. Hemsö owns 52 per cent of the shares in the company and is therefore the largest shareholder. The City of Turku owns 38 per cent of the company and Turku University of Applied Sciences owns 10 per cent. TTP is run as a joint venture and is not consolidated in the Hemsö Group.

  • Lanthem

    In 2017, Hemsö entered a joint venture with Lantmännen Fastigheter AB through the jointly owned company Lanthem Samhällsfastigheter AB. The company is based on Lantmännen’s land holdings and enables the development of new public properties as well as bolt on acquisitions. The property portfolio mainly consists of locations close to ports or central areas in Hemsö’s prioritised locations.

    Read more about Lanthem

  • HemTag

    In autumn 2021, Hemsö and Tagebad formed the joint venture HemTag. The company’s strategy is to develop, own and manage municipal swimming centres. HemTag owns and is developing a municipal swimming centre in Nacka that is scheduled for completion in 2027. During the second quarter, following a public tender, Upplands-Bro Municipality awarded HemTag the contract to develop Bro Torg, which will include a new swimming facility. Construction is scheduled to begin in the fourth quarter of 2027.

  • A rendering of a schoolbuilding in Cologne, Germany

    Kalk

    In 2025, Hemsö formed a joint venture with Bundesimmobiliengesellschaft (BIG), through the jointly owned Kalk. BIG, which is owned by the Austrian state, specialises in educational properties and other public properties, and owns more than 600 properties in Austria. Kalk is developing a new municipal school in Cologne, Germany, that is scheduled for completion in 2028.

  • Financial information

    Financial information

    Here you will find a summary of Hemsö’s financial position, key figures, financial reports, a list of properties and upcoming events.

    Financial information
  • Corporate Governance

    Corporate Governance

    Hemsö’s corporate governance model encompasses various decision-making systems through which the owners directly and indirectly govern the company.

    Corporate Governance
  • Financing

    Financing

    The overall objective of Hemsö’s financial operations is to ensure a long-term, stable capital structure, and to achieve the best possible net interest income within the given risk frameworks.

    Financing