Merkantilbygg
Merkantilbygg AS is a privately held Norwegian real estate company founded in 1979 that owns, develops, and operates more than 2,000 rental units, three Geilo hotels, Frogner House serviced apartments in Oslo, and the Risvollen senior living facility, serving individual tenants, tourists, business travelers, and commercial/industrial clients across Norway.
- Company typePrivate
- Founded1979
- HeadquartersOslo, Norway
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Merkantilbygg does
Merkantilbygg AS is a privately held Norwegian real estate company founded in 1979 by Pål Georg Gundersen and headquartered at Colbjørnsens gate 1 in Oslo. The company operates as a vertically integrated property owner, developer, and operator with a portfolio of more than 2,000 rental units concentrated in the Oslo area and Geilo, supplemented by holdings in Moss, Porsgrunn, Hønefoss, Nesodden, Eidsvoll, and Hammerfest. Through more than 100 subsidiaries, Merkantilbygg runs a multi-segment platform spanning residential rental, student housing, commercial and industrial property, senior living, serviced apartments, and mountain hospitality.
The company's revenue is generated from six identifiable streams: recurring residential rental of 2,000+ apartments, parking, and commercial premises; one-time property development sales (e.g., Spro Havn on Nesodden, Highland Fjellandsby and Bardøla Fjelltun on Geilo); hotel operations at three Geilo properties (Vestlia Resort, Highland Lodge, Bardøla Fjelltun); serviced apartments through the Frogner House brand in Oslo; senior living at Risvollen on Slemdal; and commercial/industrial leases including Aker Solutions and Wärtsilä at the Moss Verft site. Pricing is unit-based, with development units listed from approximately NOK 1.78M (Bardøla) to NOK 3.58M (Highland Lodge), and rental pricing is quote-based and not publicly disclosed.
Merkantilbygg's go-to-market is sales-led and direct, with no third-party distribution layers. The company markets through its corporate website (merkantilbygg.no) and dedicated brand sites for each hotel, residence, and development project, distributing rentals partly via the Hybel.no portal and securing corporate serviced-apartment agreements directly. The firm has no disclosed technology platform or proprietary software; the GTM rests on direct customer relationships, brand reputation built over 40+ years, and a multi-segment portfolio that provides recurring rental income alongside cyclical development cash flows.
Merkantilbygg firmographics
Firmographics- Name
- Merkantilbygg
- Legal name
- Merkantilbygg AS
- Website
- https://merkantilbygg.no
- Company type
- Private
- Founded year
- 1979
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Merkantilbygg AS is a privately held Norwegian real estate company founded in 1979 that owns, develops, and operates more than 2,000 rental units, three Geilo hotels, Frogner House serviced apartments in Oslo, and the Risvollen senior living facility, serving individual tenants, tourists, business travelers, and commercial/industrial clients across Norway.
- Ownership category
- akta.pro rank
Where Merkantilbygg is headquartered
LocationHeadquarters
- HQ city
- Oslo
- HQ country
- Norway
- HQ region
- Europe
Offices1 record
Markets served
Merkantilbygg business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Supply Chain, Marketing or Sales
Revenue model
- Residential Property Rental: The company rents out over 2000 apartments, parking spaces, and commercial premises primarily to private individuals across Norway, with focus on Oslo and Geilo areas.
- Property Development Sales: Merkantilbygg develops and sells residential properties including apartments, townhouses, and cabins through projects like Spro Havn, Highland Fjellandsby, and Bardøla Fjelltun.
- Hotel Operations: The company owns and operates hotels on Geilo including Vestlia Resort, Bardøla Fjelltun, and Highland Lodge, generating revenue from accommodation, dining, and conference services.
- Apartment Hotel Services: Frogner House Apartments provides fully furnished rental apartments in Oslo for business travelers and tourists, with services including utilities, housekeeping, and corporate agreements.
- Senior Living: Risvollen offers private senior apartments with care services including meals, activities, health personnel, and maintenance for elderly residents.
- Commercial Property Rental: Merkantilbygg rents commercial spaces including restaurants (Le Benjamin, L'Ardoise) and industrial facilities (Moss Verft to Aker Solutions and Wärtsilä).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | One time/ perpetual license | Spro Havn apartments: 38 m² to 192 m² |
| Unit Pricing | One time/ perpetual license | Highland Lodge: 43 m² - 128 m², from kr 3,575,000 |
| Unit Pricing | One time/ perpetual license | Bardøla Fjelltun: from kr 1,775,000 |
| Unit Pricing | One time/ perpetual license | Highland Fjellandsby: 49 m² - 124 m², from kr 3,175,000 |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels3 records
Merkantilbygg product offering
Product offeringCore offering
Merkantilbygg AS is a vertically integrated Norwegian real estate company that owns, develops, and manages residential apartments, commercial premises, hotels, serviced apartments, and senior living facilities. The company rents out over 2,000 apartments, parking spaces, and commercial premises primarily to private individuals across Norway, develops and sells residential properties including apartments, townhouses, and cabins, and operates hotels and serviced apartments in Oslo and Geilo.
Product overview
Merkantilbygg AS is a Norwegian real estate company founded in 1979 that owns, develops, and manages properties across multiple segments. The company operates a unified platform of property services comprising residential rental (2,000+ units via Utleie), student housing, and commercial properties, alongside subsidiary brands including Spro Havn (Nesodden residential development), Highland Fjellandsby and Bardøla Fjelltun (Geilo apartment projects), Frogner House Apartments (Oslo serviced apartments), three Geilo mountain hotels (Vestlia Resort, Highland Lodge, Bardøla Fjelltun), and Risvollen Eldreboliger (56 senior living apartments). The portfolio spans Oslo, Geilo, Moss, Porsgrunn, and other Norwegian locations with over 100 subsidiary companies managing more than 2,000 rental units.
Differentiator
Problem solved
Functional benefit
Brands
- Vestlia Resort: Ski and spa resort in Geilo, one of Norway's leading resorts with hotel operations, restaurants, and swimming facilities.
- Highland Lodge
- Bardøla Fjelltun
- Frogner House Apartments
- Risvollen
- Spro Havn
Products and services
- Utleie (Rental Services)
Quantifiable outcome
- 2000+ rental units managed
- +1 more outcomes
Companies that use Merkantilbygg
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles5 records
Merkantilbygg technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Merkantilbygg partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights6 records
Merkantilbygg competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Customer concentration
Merkantilbygg social profiles
Digital presenceMerkantilbygg financial estimates
Financial estimateRevenue estimate
Valuation estimate
Merkantilbygg leadership team
Management profileNumber of profiles
Profiles4 records
Merkantilbygg subsidiaries and ownership
Company hierarchySubsidiaries6 records
Merkantilbygg funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Merkantilbygg 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 Merkantilbygg
What does Merkantilbygg do?
Merkantilbygg AS is a vertically integrated Norwegian real estate company that owns, develops, and manages residential apartments, commercial premises, hotels, serviced apartments, and senior living facilities. The company rents out over 2,000 apartments, parking spaces, and commercial premises primarily to private individuals across Norway, develops and sells residential properties including apartments, townhouses, and cabins, and operates hotels and serviced apartments in Oslo and Geilo.
Is Merkantilbygg a public or private company?
Merkantilbygg is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Merkantilbygg founded?
Merkantilbygg was founded in 1979. It employs 11 to 50 people.
Where is Merkantilbygg based?
Merkantilbygg is headquartered in Oslo, Norway, in the Europe region.
How does Merkantilbygg make money?
Six revenue lines are on record. Residential Property Rental is the primary driver. The others are property Development Sales, hotel Operations, apartment Hotel Services, senior Living and commercial Property Rental.
Does Merkantilbygg have an API?
No public API is recorded for Merkantilbygg.