For ICA Real Estate, 2025 entailed continued support and development of ICA’s and Apotek Hjärtat’s operations in the form of investments including new builds and renovations of stores, pharmacies, and warehouse and logistics properties. In addition, two major transactions were completed.
ICA Real Estate has a large and actively managed property portfolio within the retail segment. Its overall mission is to satisfy the long-term need for appropriate properties in the right locations and to create the conditions for ICA Gruppen’s businesses to increase growth and capture market shares.

The focus in 2026 will remain on creating stores and shopping centres that are even more attractive – all with the aim of supporting the ICA retailers in their efforts to become more competitive and enhance their profitability. As part of this, refurbishment and expansion projects will be conducted in properties owned by the Group and in joint venture-owned properties. It may also involve conversions from one concept to another. Where strategically appropriate, investments will also be made in new locations.
There will continue to be a large focus on optimising the costs of new building work and refurbishments, and on improvements in efficient energy use in ICA stores, Apotek Hjärtat pharmacies and logistics premises.
A major focus going forward will also be on developing the Group’s warehouse and logistics properties. The aim is to ensure a high level of service both to ICA retailers and to customers, and to enhance delivery capacity, optimise flows and create robust solutions that meet future needs.
Net sales 2025
Operating profit 2025*
Operating margin 2025*
*Excluding items affecting comparability