History of the Ernst Rosén Group

Ernst Rosén founded a building company in 1952. Still a family-owned company four generations on, it continues to develop and broaden its operations.

 

Ernst Rosén built 45 apartments of its own during the first 30 years of its existence. Most of these are still in the company's ownership. In the 1960s and 1970s, as one of the biggest building contractors in Gothenburg, Ernst Rosén took part in the Swedish government's Million Programme, whose purpose was to construct a million new dwellings in ten years.

 

After about 30 years as a building contractor, Ernst Rosén decided to focus its activities primarily on the ownership and management of its own properties, and ceased building operations completely. Some years later, the company acquired Flodén Byggnads AB and resumed building activities through its new subsidiary. This acquisition also included a portfolio of properties in Lerum and Alingsås, representing Ernst Rosén's first steps outside Gothenburg.

 

As one of the first companies in the industry to focus on the customer, Ernst Rosén undertook a specific improvement programme in the 1990s that made it the best property owner in Sweden for service and quality.

 

In 1990, Ernst Rosén acquired Nääs Fabriker, a historic premises set in an area of natural beauty, and a journey of change was undertaken to develop the area. Six years later, the company expanded its property portfolio by 50 percent at a single stroke with the acquisition of Aranäs AB in Kungsbacka, in partnership with Ivar Kjellberg Fastighets AB. This made Ernst Rosén the joint owner of 2,000 apartments, the Kungsmässan shopping centre and several other commercial properties, together with just over 900,000 square metres of development land. Over the following years, the Group continued to make strategic property acquisitions in central areas of Gothenburg, Lerum and Alingsås.

 

Ernst Rosén has also invested in both stimulating and expansive projects, such as the hotel at Nääs Fabriker. In addition, the company is the main shareholder in wind power operator Rabbalshede Kraft AB, and is involved in property investment in the USA and other challenging property development projects.

 

In 2010, as part of its new corporate profile, Ernst Rosén changed its name simply to Ernst Rosén AB. Although the company remains the same, the new profile demonstrates the change that Ernst Rosén has undergone and the scope of activities that it has undertaken in recent years. 

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