BORI

What BORI does

BORI BBL (Boligbyggelag) is a Norwegian housing cooperative founded in 1946 and headquartered in Lillestrøm, Norway. It serves over 37,000 individual members and manages approximately 31,000 dwellings across more than 730 housing cooperatives (borettslag and sameier) nationally, making it one of Norway's larger boligbyggelag by member base. Its platform centers on three integrated pillars: (1) a membership program granting priority purchase rights (forkjøpsrett) on new homes, (2) developer services spanning property acquisition (akkvisisjon), subdivision (seksjonering), establishment of borettslag and sameier, and construction project management through subsidiary BORI Prosjekt, and (3) ongoing cooperative management including forretningsførsel (business administration), accounting, HSE compliance, and maintenance planning delivered via digital tools Nabonett, Styreportalen, BORI HMS, and BORI VLP.

BORI generates revenue from multiple streams: recurring membership fees, professional-services contracts for forretningsførsel with managed housing cooperatives, project-based fees from developers and builders, rental brokerage through wholly-owned subsidiary BORI Utleiemegler, and indirect revenue from its co-ownership stake in LeieEie AS (LeieEie rent-to-own and DelEie shared-ownership models, since 2023). The cooperative is the only boligbyggelag in Norway holding ISO 9001:2015 certification. Subsidiaries include BORI Utbygging AS, BORI Prosjekt, BORI Utleiemegler, and BORI Boligutvikling; the organization also co-owns BoligBanken, Norway's only bank specializing in housing cooperatives, and LeieEie AS alongside A. Utvik AS and Bate Boligbyggelag.

Name

BORI

Legal name

BORI BBL

Website

https://bori.no

Company type

Private

Founded year

1946

Operating status

Operating

Headcount range

101–250 employees

Short description

BORI BBL is a Norwegian housing cooperative founded in 1946 that serves over 37,000 members with priority purchase rights on new homes, while managing approximately 31,000 dwellings across 730+ housing cooperatives nationwide via forretningsførsel, developer services, and digital board tools.

Ownership category

akta.pro rank

Product category

Housing Cooperative Services

NAICS

Residential Property Managers (531311), New Housing For-Sale Builders (236117)

SIC

Operators Of Apartment Buildings (6513), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

HOA / Condominium Association Management (BPAJAFAH)

akta.pro secondary industry

Single-Family Rental (SFR) Property Management (BPAJAFAB)

Keywords

• Housing cooperative services
• Property management
• Real estate development
• Rental brokerage
• Residential construction

Headquarters

HQ city

Lillestrøm

HQ country

Norway

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Membership fees: Individuals pay a membership fee to join BORI. Members gain access to priority purchase rights on new homes, rental housing foundations, member benefits, and property management services. Membership is a prerequisite for most of BORI's services and creates the cooperative's primary member base of over 37,000.
2. Property management and business management services: BORI charges housing cooperatives (borettslag and sameier) for forretningsførsel (business management), including accounting, annual meetings, compliance, HMS, maintenance planning, and digital board portals. Revenue is generated through service contracts with managed housing companies.
3. Developer and builder services: BORI earns fees from property developers and builders for services including establishment of housing cooperatives, sectioning (seksjonering), budgeting, constitution of boards, and ongoing business management. These are project-based professional services tied to new housing development.
4. Rental management services: Through BORI Utleiemegler, the company earns revenue from managing rental properties for private owners and landlords across Eastern Norway. The subsidiary handles tenant placement, lease management, and rental administration.
5. LeieEie co-investment revenue: As a co-owner in LeieEie AS (since 2023), BORI benefits from the alternative home purchase models LeieEie and DelEie. LeieEie AS purchases up to 20% of units in development projects and resells them via rent-to-own and shared ownership models, with BORI members receiving priority purchase rights. This creates indirect revenue through the combined 100,000+ member base.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

BORI BBL is a Norwegian housing cooperative (boligbyggelag) founded in 1946 that provides a membership-based housing platform with priority purchase rights (forkjøpsrett) on new homes, full property development and acquisition services for builders, and business management (forretningsførsel) for housing cooperatives (borettslag) and homeowner associations (sameier). It also offers digital tools including the Nabonett member portal, Styreportalen board portal, BORI HMS compliance system, and BORI VLP maintenance planning tool, supported by rental brokerage (BORI Utleiemegler) and co-owned specialist services such as BoligBanken and LeieEie/DelEie alternative home-ownership models.

Product overview

BORI BBL (Boligbyggelag) is a Norwegian housing cooperative offering a comprehensive platform of services for members seeking housing, developers building new properties, and housing cooperatives (borettslag and sameier) in need of management and administration. The core platform combines a membership program offering priority purchase rights (forkjøpsrett) on new homes with a full suite of property development and management services. The product portfolio centers on three pillars: (1) Member housing access via forkjøpsrett and Nabonett member portal; (2) Developer services including property acquisition (akkvisisjon), subdivision (seksjonering), establishment of borettslag and sameie, forretningsførsel (business management), and project/rehabilitation services through BORI Prosjekt; and (3) Digital management tools including Nabonett (resident/member portal), Styreportalen (board portal), BORI HMS (health/safety compliance), and BORI VLP (maintenance planning). Supporting services include rental housing foundations, rental brokerage (BORI Utleiemegler), insurance brokerage, legal assistance (Ræder Bing), BoligBanken (co-owned specialist bank), fulltegningsforsikring (pre-sale insurance via NBBL), and alternative purchase models (LeieEie/DelEie co-owned by BORI). The cooperative is ISO 9001:2015 certified and is the only housing cooperative in Norway holding this certification.

Differentiator

Problem solved

Functional benefit

Brands

• Nabonett: Digital platform for BORI members and residents to access member benefits and housing information
• Styreportalen
• BORI HMS
• BORI VLP
• BoligBanken
• BORI Prosjekt
• BORI Utleiemegler

Products and services

• Medlemskap / Forkjøpsrett (Membership with Priority Purchase Rights) Annual membership program that gives individual consumers priority purchase rights (forkjøpsrett) on newly built homes in Norway, bypassing the open market queue. Membership also unlocks access to BORI's rental housing foundations, member benefits program, and the Nabonett member portal.
• Boligbygging og boligutvikling (Housing Construction and Development) New housing construction and property development services delivered through BORI Boligutvikling and BORI Utbygging AS. Delivered for developers and members, covering site acquisition, planning, construction oversight, and final handover to housing cooperatives.
• Forretningsførsel (Business Management for Housing Cooperatives)

Quantifiable outcome

• 87% of customers are satisfied with BORI's response time
• +2 more outcomes

Named customers2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• LeieEie AScoreStrategic or Co-development Partner · 13 October 2023BORI became a co-owner of LeieEie AS in 2023 alongside A. Utvik AS and Bate Boligbyggelag, creating a combined 100,000+ member base. LeieEie AS offers LeieEie (rent-to-own) and DelEie (shared ownership from 10%) models that help buyers without sufficient equity access homeownership. BORI members receive priority purchase rights on LeieEie properties.
• Romerike SparebankcoreGTM or Marketing PartnerBORI partnered with Romerike Sparebank to guarantee its members top-5 loan terms in the market (referenced against finansportalen.no), including ongoing quarterly adjustments. This gives BORI members access to competitive mortgage rates as a member benefit.
• BoligBankencoreStrategic or Co-development PartnerBORI is a co-owner of BoligBanken, Norway's only bank specializing exclusively in housing cooperatives. BoligBanken offers loans, savings, and operating accounts to borettslag and sameier at competitive rates. BORI customers receive favorable terms through this partnership.
• Ræder BingcoreImplementation/ SI/ Consulting PartnerBORI's housing cooperative customers receive access to Ræder Bing, a law firm specializing in housing law. Customers get 30 minutes of free legal advice per new case and discounted rates on further legal services. Ræder Bing also co-hosts BORI's free developer seminars.
• NBBL FulltegningsforsikringcoreChannel Partner/ Reseller/ DistributorNBBL Fulltegningsforsikring provides full-subscription insurance (fulltegningsforsikring) that allows developers to start construction at 30% pre-sale rather than the typical 60%. BORI acts as a distribution channel for this insurance product and advises developers on its use.
• Söderberg & PartnersminorChannel Partner/ Reseller/ DistributorBORI uses Söderberg & Partners as its insurance broker partner to help housing cooperatives obtain the right insurance coverage at the right price through insurers including Fremtind, Gjensidige, and Protector.
• Ragn-SellsminorChannel Partner/ Reseller/ DistributorRagn-Sells offers waste container services at fixed prices to BORI members and housing cooperatives, with a 10% BORI discount available via a promotional code.
• Hadeland GlassverkminorGTM or Marketing PartnerHadeland Glassverk partners with BORI to offer member events (BORI-dager) and exclusive discounts to BORI members at its glassworks location. The partnership provides members with special pricing (e.g., 20% discount during member days).
• PrivatMeglerenminorChannel Partner/ Reseller/ DistributorPrivatMegleren is a real estate agent partner featured at BORI's developer seminars, sharing experiences with cooperative housing sales compared to owner-occupied housing sales.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Market position

Strengths4 records

Competitive moat5 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BORI