What Schage Eiendom does

Schage Eiendom AS is a family-owned Norwegian real estate company headquartered in Oslo that develops, owns, and manages commercial and residential properties, with origins tracing to 1936 and current corporate identity established in 2010. The company's core assets include Skøyen Atrium, a 62,000+ sqm office complex in Oslo serving as one of Norway's largest with 35+ tenants including Fortum (26,000 sqm), Yara, EY, Huddly, IKEA, and H&M, and Nordre Jarlsberg Brygge, a residential development project in Sande regulated for approximately 1,600 apartments of which 536 have been built since 2006. Revenue is generated through commercial property rental (over 300 million NOK annually from main properties), residential unit sales at development projects, and equity participation in Norway's Best Group, a tourism operator with over 850 million NOK annual revenue covering Flåm, Myrkdalen, and acquired destinations (Narvikfjellet, Polar Park).

The company operates a BREEAM-NOR-certified and Miljøfyrtårn-certified property portfolio with proprietary service offerings including the Arena by Schage coworking concept (~150 memberships, 200 workspaces) and integrated facility management via the Coor service partnership (technical management, cleaning, reception, conference center, cafeterias, 'Sentralen' service center). Its go-to-market combines direct enterprise sales for premium office leases with channel partnerships (Malling & Co, Akershus Eiendom) for tenant acquisition. Schage has won multiple industry awards including Cityprisen 2024, Årets Bygg 2024, and OMA Awards 2023, and holds industry-leading 89% tenant satisfaction at Skøyen Atrium.

The 2023–2024 period marked a major strategic repositioning: Schage divested Stortorvet 7 (sold to KLP for 2.5+ billion NOK, Norway's largest single-property transaction since 2020), Scala Eiendom, and Rortunet shopping center to focus capital on core Skøyen Atrium operations and residential development. New leadership was installed in 2024, including CEO Matilda Vinje (from Bonava Oslo/AF Gruppen/BCG) and CFO Christian Haug (from Stor-Oslo Eiendom). The company operates under Schage Holding AS, controlled by the Schage family through Sollerud Holding AS and Beetle Invest AS.

Name

Schage Eiendom

Legal name

Schage Eiendom AS

Website

https://schage.no

Company type

Private

Founded year

1936

Operating status

Operating

Headcount range

11–50 employees

Short description

Schage Eiendom is a family-owned Norwegian real estate company headquartered in Oslo that develops, owns, and manages premium commercial office properties (notably Skøyen Atrium, 62,000 sqm) and residential waterfront communities (Nordre Jarlsberg Brygge), serving large corporate tenants and high-net-worth residential buyers, with a minority stake in Norway's Best Group tourism.

Ownership category

akta.pro rank

Product category

Commercial Real Estate

NAICS

Real Estate Property Managers (53131), Lessors of Other Real Estate Property (53119), Rental and Leasing Services (532)

SIC

Operators Of Nonresidential Buildings (6512), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Luxury & High-End Residential Brokerage (BPAJAAAC)

Keywords

• Commercial real estate
• Property management
• Residential development
• Sustainable buildings
• Office leasing

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Commercial Property Rental: Rental income from office and commercial properties including Skøyen Atrium (62,000 sqm), generating stable cash flow from multiple tenants across various industries
2. Residential Property Development Sales: Sale of completed residential units at Nordre Jarlsberg Brygge development project, contributing to sales revenue alongside commercial operations
3. Tourism Investment Holdings: Ownership stake in Norway's Best Group (23%), a major Norwegian tourism company with operations including Myrkdalen, Flåm, and other destinations generating over 850 million NOK annual revenue
4. Property Development and Sales: Development and sale of commercial properties including Stortorvet 7 (sold to KLP for 2.5+ billion NOK) and Scala Eiendom stake, representing major transaction-based revenue

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Schage Eiendom is a family-owned Norwegian real estate company that develops, owns, and manages commercial and residential properties, primarily in the Oslo region. Its current core assets are Skøyen Atrium, a 62,000+ sqm office complex, and Nordre Jarlsberg Brygge, a residential waterfront development in Sande. The company also operates the Arena by Schage coworking concept within Skøyen Atrium and holds a 23% stake in Norway's Best Group (tourism).

Product overview

Schage Eiendom is a family-owned Norwegian real estate company that creates value through future-oriented investments, professional development, and management of commercial and residential properties. The company operates a portfolio of owned properties including Skøyen Atrium (a 62,000+ sqm office complex in Oslo with integrated coworking through Arena by Schage), Nordre Jarlsberg Brygge (residential development in Sande), and a majority stake in Norway's Best Group (travel and tourism). The company has divested several major properties including Stortorvet 7 (sold to KLP), Rortunet shopping center, and Quadrum Business City in Vilnius. Schage also provides flexible workspace solutions, property management services, and tenant services including conference facilities, restaurants, and coworking spaces.

Differentiator

Problem solved

Functional benefit

Brands

• Arena by Schage: Coworking concept launched in 2021 within Skøyen Atrium, offering flexible office solutions with approximately 150 memberships and capacity for around 200 workspaces

Products and services

• Skøyen Atrium (Office Complex) A 62,000+ square metre multi-tenant office complex in Oslo, fully owned by Schage Eiendom. Includes offices, a conference centre, retail areas, two staff restaurants, gym, bicycle parking, service desk, and coworking spaces through Arena by Schage. Tenants include Fortum (26,000 sqm), Yara, Scatec, St1 (2,250 sqm), NorgesGruppen/Lime Petroleum/Mercell (2,700 sqm), and Aera Payment & Identification (1,200 sqm). BREEAM-NOR 'Excellent' certified.
• Nordre Jarlsberg Brygge (Residential Development) A waterfront residential development project in Sande, Norway, regulated for approximately 1,600 apartments and commercial space. Schage Eiendom is the sole owner, with 536 apartments developed since 2006 and amenities including marina facilities, restaurant, bakery, and communal areas. Ranked 7th nationally in customer satisfaction (KTI) with 77 points.
• Arena by Schage (Coworking) Proprietary flexible workspace and coworking concept located within Skøyen Atrium, offering private offices, fixed and flexible workspaces for companies of all sizes from sole proprietorships to large enterprises with approximately 150 memberships and 200 workspaces. Subscription-based pricing offered monthly.
• Norway's Best Group (Tourism Stake) Schage Eiendom holds a 23% ownership stake in Norway's Best Group, a major Norwegian tourism company that owns, develops, and operates quality travel destinations and experiences including Myrkdalen ski resort, Flåm railway, The Fjords fjord cruises, four hotels in Flåm/Aurland, Narvikfjellet and Polar Park. The group generates over 850 million NOK in annual revenue.
• Commercial Property Management Services Comprehensive building services for commercial tenants including technical property management, cleaning, reception, conference facilities, cafeterias, restaurants, gym facilities, and a dedicated on-site services centre ('Sentralen'). Achieved 89% tenant satisfaction, the highest score among major Norwegian property companies surveyed.

Quantifiable outcome

• 89% tenant satisfaction score - industry highest in Norway
• +3 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Six partnerships are on record, tiered core and minor.

• CoorcoreStrategic or Co-development Partner · 1 January 2025Major service partnership where Coor becomes sole provider of all facility services at Skøyen Atrium (62,000 sqm), including technical property management, cleaning, reception, conference center, cafeterias, and restaurant operations. Coor relocates its headquarters to the building. Menus developed in collaboration with celebrity chef Sebastian Myhre.
• Norway's Best GroupcoreStrategic or Co-development Partner · 1 January 2024Schage Eiendom holds 23% ownership stake in Norway's Best Group, a major Norwegian tourism company with operations including Myrkdalen ski resort, Flåm railway, and multiple attractions. The company generates over 850 million NOK in annual revenue and serves as a strategic investment in Norwegian tourism infrastructure.
• Scala EiendomminorStrategic or Co-development Partner · 1 January 2023Schage previously owned shopping center company which was sold to new Norwegian owners including CC Eiendom, Joh. Johannson Eiendom, and Colligo alongside existing owners Fredriksborg and Norgesgruppen. Schage retains no ownership following transaction.
• Kronprinsparets FondminorGTM or Marketing Partner · 1 January 2022Social partnership supporting youth initiatives and combating social exclusion. Schage contributes to the fund supporting projects including UngInvest AIB, mentor program Catalysts, and Flyt leisure program. Fund aims to reach 10,000 Norwegian youth over five years.
• Malling & CocoreChannel Partner/ Reseller/ Distributor · 1 January 2020Real estate advisor acting as broker for Schage Eiendom, assisting with tenant acquisition and property transactions including Stortorvet 7 leasing.
• Akershus EiendomcoreChannel Partner/ Reseller/ Distributor · 1 January 2020Real estate advisor serving as broker for Schage, assisting with leasing at Skøyen Atrium and acting as advisor for tenants including EY and Spaces at Stortorvet 7.

Scale indicators9 records

Recent moves13 records

Expansion highlights6 records

Direct peers

• Norwegian Property ASA: Norwegian listed office real estate company focused on prime Oslo CBD and Nydalen/Økern assets; directly comparable to Schage's Skøyen Atrium office portfolio in both geography and asset class.
• Entra ASA: Norway's largest pure-play commercial office landlord operating in Oslo and the largest Norwegian cities; closest direct peer given similar tenant profile (large corporate headquarters) and sustainability focus.
• Olav Thon Eiendomsselskap: Privately-held Norwegian real estate group operating across office, retail and residential; comparable given its mixed-use Norwegian portfolio and family-ownership structure similar to Schage.
• Selvaag Bolig ASA: Listed Norwegian residential developer focused on Greater Oslo; directly comparable to Schage's Nordre Jarlsberg Brygge waterfront master plan in geography and product.
• OBOS: Norway's largest residential developer/cooperative with substantial in-house property management; comparable scale and segment to NJB and broader Schage development/property management business.
• Bonava: Nordic residential developer (formerly NCC Housing) with Norway operations; comparable given direct overlap with NJB-style residential master plans and recent CEO Matilda Vinje's prior role heading Bonava Oslo.

Broad incumbents

• KLP Eiendom: Institutional Norwegian real estate arm of KLP pension fund; acquirer of Stortorvet 7 from Schage in 2024, making it a directly relevant counterparty and broader benchmark for prime Oslo office ownership.
• Skanska Norge: Norwegian arm of major Nordic developer/contractor with commercial and residential projects across Oslo; comparable to Schage's mixed development, construction and property management operations.

Emerging players

• AF Eiendom: Norwegian real estate developer affiliated with AF Gruppen, focused on Oslo-area residential and commercial projects; comparable to Schage on segment and geography, and former employer of current Schage CEO.

Others

• Malling & Co: Norwegian commercial real estate advisor serving as Schage's brokerage partner for Stortorvet 7 and Skøyen Atrium leasing; relevant ecosystem peer in tenant acquisition and asset disposition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 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 Schage Eiendom