Borg Forvaltning

What Borg Forvaltning does

Borg Forvaltning AS is a Norwegian private limited company headquartered in Trondheim that operates as a full-service property house covering the entire lifecycle of commercial real estate. The company delivers seven core service lines — property management (forvaltning), leasing and transactions (næringsmegling), advisory (rådgivning), project management (prosjektledelse), energy and environment (energi og miljø), accounting (regnskap, delivered through wholly-owned subsidiary Regnskapshuset Borg), and surveying (oppmåling) — plus add-on modules including technical due diligence and contract management. It serves commercial property owners, investors, buyers, sellers, and developers across Norway, with measurable outcomes in energy optimization (e.g., 16.8% consumption reduction at Gamle Kirkeplass 7 in Drammen, 8.5% at Sjøsiden Horten). The firm is certified to ISO 9001:2015 and ISO 14001, manages approximately 1 million square meters across ~150 properties, and leads development projects valued at ~NOK 1.5 billion.

The company generates revenue across multiple mechanics: recurring management fees from property oversight contracts, transaction commissions on commercial brokerage, professional services fees for advisory and project management, and accounting/financial management fees through the Regnskapshuset Borg subsidiary. Pricing is bespoke and not publicly disclosed. Go-to-market is sales-led and direct, with senior relationship managers engaging enterprise owners and investors through referrals, industry networking, and direct outreach. Distribution runs through four offices — Trondheim (HQ), Oslo/Lysaker, Bergen, and Kristiansund — covering Central, Eastern, Western, and Nordmøre Norway. The firm is privately held with no disclosed external PE/VC backing, led by CEO Eirik Jacobsen (appointed Sept 2022) and Chair Finn Haugan (former CEO of Sparebank 1 SMN), and employs ~70-75 staff. The planned spin-off of the commercial brokerage line into a separate entity signals an intent to specialize the transaction business.

Name

Borg Forvaltning

Legal name

Borg Forvaltning AS

Website

https://borgforvaltning.no

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

101–250 employees

Short description

Borg Forvaltning is a Trondheim-based, privately held Norwegian property house delivering full-lifecycle commercial real estate services — management, leasing, advisory, project management, energy, accounting, and surveying — to owners, investors, and developers through offices in Trondheim, Oslo, Bergen, and Kristiansund.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Real Estate Property Managers (53131)

SIC

Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Energy, Utilities & Sustainability Management (BPABAAAF)

Keywords

• Commercial property management
• Real estate advisory
• Commercial brokerage services
• Energy consulting services
• Project management consulting

Headquarters

HQ city

Trondheim

HQ country

Norway

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property Management Services: Ongoing management, technical operations, and administration of commercial properties. Revenue is earned through management fees charged to property owners and investors for oversight of their portfolios.
2. Commercial Real Estate Brokerage (Næringsmegling): Buying, selling, and leasing of commercial real estate. The company plans to spin off commercial brokerage into a separate entity. Revenue is earned through transaction commissions.
3. Advisory and Consulting Services: Advisory services including property development, regulatory processes, risk and profitability analyses, financing, construction management, legal matters, and ESG/sustainability consulting.
4. Project Management Services: Leading projects through feasibility studies, regulatory matters, hiring architects/advisors/contractors, design, construction phase, completion, and warranty period.
5. Accounting and Financial Management: Regnskapshuset Borg is an authorized accounting firm providing bookkeeping, payroll, financial reporting, annual accounts, tax advice, contract management, and common cost accounting.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Borg Forvaltning is a full-service competence house for commercial real estate in Norway, providing property management, leasing and transactions, advisory, project management, energy and environmental services, accounting, and surveying across all phases of a property's lifecycle. The firm manages approximately 1,000,000 m² across around 150 commercial properties and leads development projects valued at approximately NOK 1.5 billion.

Product overview

Borg Forvaltning is a comprehensive real estate competence house offering a full-scale service portfolio within commercial real estate. The company's services span all phases of the property lifecycle and include the following core offerings: Forvaltning (Property Management) for administration and technical/financial oversight; Utleie og transaksjon (Leasing and Transactions) for commercial property sales and rentals; Rådgivning (Consulting) for advisory across legal, financial, and development matters; Prosjektledelse (Project Management) for development and renovation projects; Energi og miljø (Energy and Environment) for sustainability and energy optimization; Regnskap (Accounting) delivered through Regnskapshuset Borg as an authorized accounting firm; and Oppmåling (Surveying) for property measurement. Additional specialized modules include Teknisk due diligence for technical property assessments and Kontraktsforvaltning for lease and contract administration. The company operates from offices in Trondheim (headquarters), Oslo, Bergen, and Kristiansund, managing approximately 1,000,000 m² across 150 properties with 64-70+ employees.

Differentiator

Problem solved

Functional benefit

Products and services

• Forvaltning (Property Management)

Quantifiable outcome

• 16.8% reduction in energy consumption (139,123 kWh) at Gamle Kirkeplass 7, Drammen, from 2023 to 2024
• +5 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Arctic Real Estate Management AScoreStrategic or Co-development PartnerArctic Real Estate Management AS engages Borg Forvaltning for technical management, operations, and energy management of their property portfolio. A key case study is Gamle Kirkeplass 7 in Drammen, where Borg's targeted energy and environmental work created value for the owner, tenants, and the environment — already showing measurable results.
• Campus Kristiansund 1 AS (Bane NOR Eiendom AS and RELOG – Reitan Gruppen)coreStrategic or Co-development PartnerCampus Kristiansund 1 AS, owned by Bane NOR Eiendom AS and RELOG – Reitan Gruppen, selected Borg for the operations and management of Campus Kristiansund. This represents Borg's first major mandate in the Nordmøre region, supporting the company's geographic expansion.
• Kosmorama and Trondheim KammermusikkfestivalminorOthersBorg Forvaltning entered a sponsorship/partnership with Kosmorama and Trondheim Kammermusikkfestival, cultural organizations in Trondheim, as part of the post-pandemic cultural recovery effort.
• EnovacoreOthersEnova is a Norwegian government enterprise providing financial support for energy optimization in buildings. Borg assists clients in applying for and securing Enova grants for energy improvement projects. For example, the Gamle Kirkeplass 7 project received 30% Enova support (NOK 3 million), and Lilletunveien 6A received support for energy improvements targeting 45% consumption reduction.

Scale indicators8 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Akershus Eiendom: Norwegian commercial property owner-operator with in-house management, development and advisory capabilities, providing a comparable Norwegian CRE services and management benchmark.
• Malling & Co: Leading Norwegian commercial real estate services firm offering property management, brokerage, advisory and project management — the closest direct Norwegian peer to Borg's full-service 'competence house' model.
• Newsec: Pan-Nordic commercial real estate services provider with strong property management, advisory, and transaction capabilities across the Nordics, competing with Borg for larger mandates in Norway.
• OBOS Eiendom: Major Norwegian real estate group with commercial property management, development and advisory arms — overlaps with Borg's full-lifecycle CRE service offering in the Norwegian market.
• Krogsveen: Norwegian real estate services firm covering brokerage, property management and advisory — directly comparable to Borg's commercial brokerage and management services.

Others

• Enova SF: Norwegian state enterprise funding energy-efficiency projects in buildings; Borg regularly secures Enova grants on behalf of clients (e.g., NOK 3M for Gamle Kirkeplass 7) — a key ecosystem partner rather than a competitor.

Broad incumbents

• CBRE Norge: Norwegian operation of CBRE, the world's largest commercial real estate services firm, with deep resources in capital markets, valuation and advisory — competes with Borg especially on larger institutional mandates.
• Cushman & Wakefield Norge: Norwegian branch of global CRE services firm Cushman & Wakefield, active in valuation, agency leasing and capital markets — a broader incumbent competing for advisory and transaction mandates.
• JLL Norge: Norwegian arm of JLL, a global real estate services firm with property management, investment sales and advisory — competes with Borg across multiple service lines as a broad incumbent.
• Colliers Norge: Norwegian arm of global CRE services firm Colliers, offering brokerage, advisory and property management — competes with Borg for advisory and transaction mandates as a larger, broader incumbent.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

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 Borg Forvaltning