Akademiska Hus is a wholly owned
Swedish
Swedish or ' may refer to:
Anything from or related to Sweden, a country in Northern Europe. Or, specifically:
* Swedish language, a North Germanic language spoken primarily in Sweden and Finland
** Swedish alphabet, the official alphabet used by ...
Government enterprise with the mission to own, develop and manage property with a focus on educational and research activities — like
college
A college (Latin: ''collegium'') is an educational institution or a constituent part of one. A college may be a degree-awarding tertiary educational institution, a part of a collegiate or federal university, an institution offerin ...
s and
universities
A university () is an institution of higher (or tertiary) education and research which awards academic degrees in several academic disciplines. Universities typically offer both undergraduate and postgraduate programs. In the United States, ...
— and to conduct related business. Its operations are carried out on a businesslike manner, with market rents, to generate a
return
Return may refer to:
In business, economics, and finance
* Return on investment (ROI), the financial gain after an expense.
* Rate of return, the financial term for the profit or loss derived from an investment
* Tax return, a blank document or t ...
. The company should also promote sustainable long-term development, according to instruction by the
Government
A government is the system or group of people governing an organized community, generally a state.
In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is ...
.
The company was established on October 1, 1993, after the National Board of Public Building (Swedish: Byggnadsstyrelsen) split into several smaller units, including Akademiska Hus,
Vasakronan
Vasakronan is a Swedish real estate company. Formerly wholly government-owned, it is now owned in equal shares by the First, Second, Third and Fourth Swedish national pension funds.
Vasakronan is one of the largest real estate companies in Sweden ...
and the
National Property Board of Sweden
The National Property Board of Sweden ( sv, Statens fastighetsverk, SFV) is a Swedish State administrative authority, organised under the Ministry of Finance.
SFV is responsible for managing a portion of the real property assets owned by the St ...
.
Criticism
Akademsika Hus has been criticised by the presidents of
KTH KTH may refer to:
* Keat Hong LRT station, Singapore, LRT station abbreviation
* Kent House railway station, London, National Rail station code
* KTH Royal Institute of Technology, a university in Sweden
* KTH Krynica, a Polish ice hockey team
* Khy ...
and
CTH for taking out rents that are far above market value. They also claim that it would practically be impossible for the universities to relocate and rent from anyone else. More recently Akademiska hus has received critcism from professors at KTH who claim that wages have been cut to keep up with rent. The presidents of 30 swedish universities have also argued that the systems needs to be changed to alleviate their financial situation.
See also
*
Government-owned corporation
A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the governmen ...
*
List of government enterprises of Sweden
This is a list of Swedish companies owned by the Swedish State:
State-owned companies are legally in a form of aktiebolag but mainly or fully state-owned. They are expected to be funded by their sales, and not be given direct tax money. A big ...
References
External links
Akademiska Hus - Official website(English)
{{authority control
Government-owned companies of Sweden
1993 establishments in Sweden
Property management companies