Hoegh Eiendom
Höegh Eiendom is a privately held Norwegian real estate company, founded 1927 and owned by the Høegh families, that owns, develops, and manages ~330,000 sqm of commercial, residential, and coworking properties across Oslo, Ski, and Moss. It serves enterprise tenants, SMBs, and residential developers through in-house leasing, property management, and place development.
- Company typePrivate
- Founded1927
- HeadquartersOslo, Norway
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Hoegh Eiendom does
Höegh Eiendom is a privately held Norwegian real estate company that owns, develops, and manages commercial and residential properties across the Oslo region. The portfolio spans ~330,000 sqm of leasable area with a consolidated property value of NOK 16.4 billion (NOK 10.3 billion on the company's share) at the end of 2025, anchored on a heritage of central-Oslo assets accumulated since the 1952 inauguration of the Parkveien 55 headquarters, plus the Verket industrial heritage site in Moss acquired in 2006 and a Ski-area cluster including Ski Næringspark AS. Operations are organized through three in-house regional offices in Oslo, Ski, and Moss, employing 47 staff, with all property lifecycle functions — development, leasing, property management, finance, and ESG — handled internally under a "place development" (stedutvikling) philosophy.
The business operates three revenue streams: (1) long-duration commercial and office leasing to enterprise and public-sector tenants such as CEDRA, RIISA, RSM Norge, COWI, and Frelsesarmeen on 10–11 year terms; (2) recurring subscription revenue from the Ö Kontorfellesskap coworking brand across three locations; and (3) one-time proceeds from property development sales and disposals (e.g., Hotell Riviera, Konventionsgaarden, Sørkedalsveien 150 to Peab, worker housing spun into a borettslag). 2025 rental income reached NOK 369 million on a direct basis (NOK 413 million on a share-of-JV basis), with net operating income of NOK 312 million and net profit of NOK 466 million boosted by NOK 0.7 billion of development project gains.
Strategic positioning centers on the Østlandet corridor (Oslo, Ski, Moss), a growing residential pipeline anchored by a 50/50 USBL joint venture for ~1,000 homes at Verket (formalized April 2026), and a documented sustainability program (127 kWh/sqm energy use, 31 kg CO2e/sqm emissions, 60% source sorting in 2025). Ownership remains with the families of Morten, Leif, and Thomas Høegh, with no external institutional investors or public listing. The model combines asset ownership, full-stack property services, and selective development exits into a vertically integrated place-development platform targeting enterprise tenants and ESG-conscious occupiers.
Hoegh Eiendom firmographics
Firmographics- Name
- Hoegh Eiendom
- Legal name
- Höegh Eiendom AS
- Website
- https://hoegheiendom.no
- Company type
- Private
- Founded year
- 1927
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Höegh Eiendom is a privately held Norwegian real estate company, founded 1927 and owned by the Høegh families, that owns, develops, and manages ~330,000 sqm of commercial, residential, and coworking properties across Oslo, Ski, and Moss. It serves enterprise tenants, SMBs, and residential developers through in-house leasing, property management, and place development.
- Ownership category
- akta.pro rank
Hoegh Eiendom industry classification
Industry- Product category
- Commercial Real Estate
- NAICS
- Real Estate Property Managers (53131), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Lessors of Other Real Estate Property (53119)
- SIC
- Operators Of Nonresidential Buildings (6512), Real Estate Agents & Managers (For Others) (6531), Real Estate Operators (No Developers) & Lessors (6510)
- akta.pro primary industry
- Mixed-Use Property Management (BPAJAGAE)
- akta.pro secondary industry
- New Development / Declarant Transition Management (BPAJAHAK)
Keywords
Where Hoegh Eiendom is headquartered
LocationHeadquarters
- HQ city
- Oslo
- HQ country
- Norway
- HQ region
- Europe
Offices3 records
Markets served
Hoegh Eiendom business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain
Revenue model
- Commercial and office leasing: Primary revenue from leasing office, retail, and commercial spaces across their property portfolio in Oslo, Ski, and Moss. Rental income from long-term lease agreements with enterprises, public institutions, and businesses.
- Coworking (Ö Kontorfellesskap): Flexible coworking spaces offered through their Ö Kontorfellesskap brand, providing short-term and flexible office solutions to smaller companies and individuals.
- Property development and sales: Development projects that generate proceeds through sales of developed properties and residential units (e.g., sale of Sørkedalsveien 150 residential plot to Peab, sale of Hotell Riviera, sale of Konventionsgaarden, sale of worker housing at Verket in Moss).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Office and commercial spaces — quote-based leasing |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels3 records
Hoegh Eiendom product offering
Product offeringCore offering
Höegh Eiendom owns, develops, and manages a portfolio of approximately 330,000 sqm of commercial, office, and residential real estate across Oslo, Ski, and Moss in eastern Norway. Its primary revenue driver is direct long-term leasing of office and commercial space to enterprises and public institutions, with a smaller coworking operation under the Ö Kontorfellesskap brand and selective property development projects. The company performs all property management, leasing, finance, and sustainability functions in-house as an integrated place developer.
Differentiator
Problem solved
Functional benefit
Brands
- Ö Kontorfellesskap: Flexible office space solutions with high standards, flexible solutions, and short notice periods. Operated through okontor.no.
Products and services
- Commercial and office leasing Long-term lease of office, retail, and commercial spaces across Höegh Eiendom's 330,000 sqm property portfolio in Oslo, Ski, and Moss, primarily serving enterprise tenants and public institutions.
- Ö Kontorfellesskap coworking Flexible coworking and short-term office solutions offered under the Ö Kontorfellesskap brand, with locations including Ö Parkkvartalet (Oslo, 1,000 sqm, 1-18 persons), Ö Indekshuset (Oslo, 1,000 sqm, 1-10 persons), and Ö Drømtorp (Ski, 1,200 sqm, 1-15 persons). Distributed through okontor.no.
- Property development and disposition Acquisition, development, and selective sale of development plots, residential land, and income-producing properties, including the recent sale of Sørkedalsveien 150 residential plot (finalized March 2026), Hotell Riviera (December 2025), Konventionsgaarden (December 2025), and worker housing at Verket in Moss.
- In-house property management Integrated property management function performed by Höegh Eiendom's own employees, covering operations (drift), service, leasing, finance, environment, and sustainability across the entire portfolio.
Quantifiable outcome
- Energy consumption reduced to 127 kWh/sqm in 2025 (from 135 kWh/sqm in 2024), below target of 133 kWh/sqm
- +5 more outcomes
Companies that use Hoegh Eiendom
Customer profileNamed customers10 records
Segments3 records
Ideal customer profiles3 records
Hoegh Eiendom technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Hoegh Eiendom partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- USBLcorePartnership established end of 2025 and formalized in April 2026, creating a 50% joint partnership for the development of approximately 1,000 new homes at Verket in Moss. USBL (a housing cooperative development organization) will co-develop the residential project with Höegh Eiendom.
- BackeBundebyggcoreAppointed as total contractor (totalentreprenør) for the renovation and upgrade of Kirkegata 20 (8,000 sqm) for CEDRA's new headquarters. Project planned for completion and occupancy in June 2027.
- AB InvestminorReal estate company that joined the 'Møbler med mening' (Furniture with Meaning) sustainability initiative after recognizing the same challenge around surplus furniture. Has become a central collaboration partner and contributor in the project.
- Höegh AutolinersminorHöegh Autoliners has donated furniture to the 'Møbler med mening' initiative — the sofa from their Skøyen office was repurposed for Diakonhjemmet Sykehus entrance.
- Diakonhjemmet SykehusminorHealthcare institution that is the primary recipient of donated surplus furniture from Höegh Eiendom's 'Møbler med mening' initiative. Donations are made 1-2 times per year, creating social zones (waiting areas, staff break rooms, meeting rooms) in the hospital.
- Grønn ByggalliansecoreHöegh Eiendom is part of an ecosystem collaborating with Grønn Byggallianse (Green Building Alliance) and Norsk Eiendom (Norwegian Property Association) to follow the Paris Climate Agreement (COP 21) ambitions.
- Norwegian Hospitality GroupminorPurchased Hotell Riviera (172 rooms) from Höegh Eiendom in December 2025. NHG had been the operator and lessee since the hotel opened in 2023, and took full ownership to become a long-term owner.
Scale indicators14 records
Recent moves8 records
Expansion highlights6 records
Hoegh Eiendom competitors and assessment
Company assessmentDirect peers
- Entra ASA: Norwegian listed commercial real estate company focused on office leasing in central Oslo and selected regional cities — directly comparable in tenant base (large enterprises), asset type (purpose-built office), and geographic focus.
- Norwegian Property ASA: Norwegian-focused commercial real estate owner/manager of prime office assets in Oslo — directly comparable in central business district office leasing, sustainability positioning, and institutional-grade asset management.
- Heimer & Laugsand AS: Norwegian commercial real estate owner-operator focused on office properties in Oslo and Østlandet — comparable in tenant mix, asset profile, and Norwegian market scope, though smaller in scale.
- Mustad Eiendom: Norwegian family-owned real estate company in central eastern Norway developing and managing commercial and mixed-use properties — comparable family-ownership structure, place-development focus, and Østlandet geographic scope.
Broad incumbents
- Olav Thon Gruppen: Largest privately held Norwegian real estate group with significant office, retail, and residential holdings in Oslo and Østlandet. Höegh's CEO Eirik Thrygg previously worked at Olav Thon; directly comparable multi-segment Norwegian real estate model at much larger scale.
- KLP Eiendom: Real estate arm of Norway's largest pension provider, owning and managing office, retail, and residential properties across Norway — comparable long-term owner-operator model and tenant overlap (large enterprises, public institutions).
- Steen & Strøm: Norwegian commercial real estate developer and landlord focused on Oslo region; Eirik Thrygg (Höegh CEO) previously worked at Steen & Strøm. Comparable Oslo-centric office and mixed-use portfolio with development capability.
Emerging players
- OBOS: Norwegian housing cooperative (borettslag) developer with growing commercial real estate activity. Directly comparable to Höegh's Verket JV with USBL — both use the housing-cooperative (borettslag) model for residential development in the Oslo region.
Regional players
- Castellum AB: Swedish/Nordic commercial real estate company with similar office and mixed-use strategy in Scandinavian markets — comparable in Nordic CRE operator model, sustainability reporting, and tenant-enterprise focus, though operating primarily in Sweden.
- Fabege AB: Swedish prime office landlord focused on Stockholm CBD — comparable in purpose-built office ownership, sustainability profile, and enterprise tenant base, though operating in a different Nordic capital market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Hoegh Eiendom social profiles
Digital presenceHoegh Eiendom financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hoegh Eiendom leadership team
Management profileNumber of profiles
Profiles8 records
Hoegh Eiendom subsidiaries and ownership
Company hierarchySubsidiaries3 records
Hoegh Eiendom funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hoegh Eiendom M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hoegh Eiendom
What does Hoegh Eiendom do?
Höegh Eiendom owns, develops, and manages a portfolio of approximately 330,000 sqm of commercial, office, and residential real estate across Oslo, Ski, and Moss in eastern Norway. Its primary revenue driver is direct long-term leasing of office and commercial space to enterprises and public institutions, with a smaller coworking operation under the Ö Kontorfellesskap brand and selective property development projects. The company performs all property management, leasing, finance, and sustainability functions in-house as an integrated place developer.
Is Hoegh Eiendom a public or private company?
Hoegh Eiendom is a private company. It is classified as family owned and is currently operating.
When was Hoegh Eiendom founded?
Hoegh Eiendom was founded in 1927. It employs 11 to 50 people.
Where is Hoegh Eiendom based?
Hoegh Eiendom is headquartered in Oslo, Norway, in the Europe region.
How does Hoegh Eiendom make money?
Three revenue lines are on record. Commercial and office leasing is the primary driver. The others are coworking (Ö Kontorfellesskap) and property development and sales.
Who are Hoegh Eiendom's main competitors?
Direct peers on record are Entra ASA, Norwegian Property ASA, Heimer & Laugsand AS and Mustad Eiendom. Broad incumbents are Olav Thon Gruppen, KLP Eiendom and Steen & Strøm. OBOS is listed as an emerging player. Regional players are Castellum AB and Fabege AB.
Does Hoegh Eiendom have an API?
No public API is recorded for Hoegh Eiendom.
What industry is Hoegh Eiendom in?
Hoegh Eiendom's product category is Commercial Real Estate. Its primary akta.pro industry code is BPAJAGAE, Mixed-Use Property Management, with a secondary code of BPAJAHAK, New Development / Declarant Transition Management. Its NAICS code is 53131 and its SIC code is 6512.