Trym

What Trym does

Trym is an integrated real estate and construction group headquartered in Trondheim, Norway, founded in 2003 by Karl Johan Kopreitan and family-controlled through the Finnbuan AS holding entity. The group develops, builds, sells, and leases residential and commercial properties across the Trondheim region, operating through Trym Eiendom AS (property development and management) and, historically, Næringsbygg AS (construction contracting) and Trym Bygg AS (general contracting). Following the 2022 sale of a 66.6% stake in Trym Anlegg (rail infrastructure, now Aarsleff Rail) and the September 2025 merger of Trym Bygg into Ruta Entreprenør (Trym retaining 18%), the group is repositioning around asset-light property development.

The company's product surface centers on residential apartment projects (Gildheim ~240 units, Ranheim Vestre ~105 units, Liljendal III 133 units, Nye Valentinlyst, Nye Selsbakkhøgda ~115 units, Varden Byåsen, and the forthcoming TUN32 and Brøset developments targeting 1,735–1,800 additional homes) and commercial real estate including Dybdahlsgården (BREEAM Excellent, 8,600 sqm), a Jaguar/Land Rover dealership at Ranheim Vestre (~4,400 sqm), Norway's largest climbing center at Gildheim (~3,700 sqm), and the landmark Tyholttårnet. All residential projects meet BREEAM Very Good sustainability standards, and the group holds Miljøfyrtårn environmental certification across subsidiaries, enabling buyer access to favorable Husbanken green financing.

Trym monetizes through three streams: (1) one-time residential property sales under a build-for-sale model, (2) recurring commercial rental income from office, retail, and specialized facilities, and (3) historically, professional construction contracting services. Distribution combines direct sales via project websites, FINN.no marketplace listings, the EiendomsMegler 1 brokerage partnership, and the differentiated Maks100 program with SpareBank 1 SMN offering up to 100% financing for first-time buyers without equity requirements. Joint-venture partnerships with Heimdal Bolig, Fredensborg Bolig, Byggteknikk (Brøset), Bane Nor Eiendom (Cecilienborg), and Realinvest (TUN32) provide risk-sharing on large-scale developments. FY2024 revenue was 766 MNOK with an equity base of 686 MNOK and ~114–125 full-time employees pre-merger.

Name

Trym

Legal name

Trym AS

Website

https://trym.no

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

101–250 employees

Short description

Trym is a Trondheim-based, family-controlled integrated property developer and builder developing BREEAM-certified residential and commercial real estate across the Trondheim region, serving individual homebuyers, commercial tenants, and joint-venture partners.

Ownership category

akta.pro rank

Product category

Real Estate Development and Construction

NAICS

New Multifamily Housing Construction (except For-Sale Builders) (236116), New Housing For-Sale Builders (236117), Offices of Real Estate Agents and Brokers (5312)

SIC

General Bldg Contractors - Residential Bldgs (1520), Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Residential General Contracting (New Build) (IMAFAAAB)

akta.pro secondary industries

Mixed-Use Property Management (BPAJAGAE), Transitional/Development Land Brokerage (Entitled, In-Path-of-Growth) (BPAJADAJ)

Keywords

• Residential property development
• Commercial real estate
• Construction contracting services
• Sustainable building development
• Property sales and leasing

Headquarters

HQ city

Trondheim

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Property Development and Sales: Development and sale of residential apartments and houses across Trondheim region. Core business driving the company's build-for-sale strategy with a significant land portfolio.
2. Commercial Property Rental: Rental income from commercial properties including office spaces, retail, and industrial facilities. Property management handled in partnership with CBRE for technical operations.
3. Construction Services: Construction contracting through Næringsbygg AS for third-party developers and own projects. Also serves as general contractor for various clients including public sector.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Trym is an integrated real estate development and construction group that develops, builds, and sells BREEAM-certified residential apartments and houses (Gildheim, Nye Valentinlyst, Ranheim Vestre, Varden Byåsen, Liljendal III, TUN32, Nye Selsbakkhøgda) and develops, leases, and manages commercial properties (offices, retail, specialized facilities) in the Trondheim region. Through its construction subsidiary Næringsbygg AS the group also provides contracting services for third-party developers and public sector clients, while partner financing solutions (Maks100 with SpareBank 1 SMN, Husbanken green loans) lower buyer barriers to entry.

Product overview

Trym is an integrated real estate and construction company based in Trondheim, Norway, founded in 2003. The company operates through two main segments: property development (residential and commercial) and contracting. Their residential portfolio includes multiple named projects across Trondheim such as Gildheim (240 apartments), Varden Byåsen, Nye Valentinlyst (230 units in cooperative), Ranheim Vestre (105 units), Liljendal (300+ units across phases), TUN32-Leangen Sentrum, and Nye Selsbakkhøgda. The commercial property division manages office buildings, retail spaces, and specialized properties including Dybdahlsgården (BREEAM Excellent), Tyholttårnet landmark, and Norges største klatresenter. Trym also offers financing solutions including Maks100 (100% financing) and Sponset Boligkjøp (sponsored home purchase) in partnership with SpareBank 1 SMN. The contracting subsidiary Næringsbygg AS handles construction for both Trym's own projects and external clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Property Development (Gildheim, Nye Valentinlyst, Ranheim Vestre, Varden Byåsen, Liljendal III, TUN32 – Leangen Sentrum, Nye Selsbakkhøgda) Development and sale of BREEAM Very Good-certified residential apartments and houses across Trondheim, including named projects such as Gildheim (~240 apartments in 8 buildings on Leangen), Nye Valentinlyst (apartments near Valentinlystsenteret), Ranheim Vestre (~105 owner-occupied apartments), Varden Byåsen (apartments on Hallset with ground-floor commercial), Liljendal III (133 apartments), TUN32 - Leangen Sentrum (first phase of a new urban district), and Nye Selsbakkhøgda (~115 cooperative apartments). Targets individual and family homebuyers, with first-time buyers served via the Maks100 100% financing program.
• Commercial Property Development and Leasing (Næringsarealer, Dybdahlsgården, Varden Byåsen Næringssenter, Travbanevegen 7) Development, ownership, and leasing of commercial properties in and around Trondheim, including offices, retail spaces, warehouses, and specialized facilities. Portfolio includes Dybdahlsgården (BREEAM Excellent-certified ~8,600 sqm office building at Lerkendal, completed 2021 with NTNU as tenant), Varden Byåsen Næringssenter (retail/commercial center on Hallset), and Travbanevegen 7 (Norway's largest climbing center, ~3,700 sqm at Gildheim, developed for Grip Klatring). Offers both ready-made and custom build-to-suit spaces with CBRE providing 24/7 Site Support for tenants.
• Construction Contracting Services (Næringsbygg AS) General construction contracting delivered through Næringsbygg AS for third-party developers and public sector clients, as well as for Trym's own projects. Serves institutional clients including Bane NOR, Statens Vegvesen, and Steinkjer kommune, and other developers. Order backlog was NOK 860 million at Q2 2023.
• Maks100 100% Home Financing Program Financing solution delivered in collaboration with SpareBank 1 SMN that enables homebuyers to finance up to 100% of a new home purchase from Trym's residential projects without any equity. The program assesses payment ability rather than requiring the traditional 15% equity, making homeownership accessible for first-time buyers declined by traditional banks. Effective interest rates offered include 5.66% over 25 years under the green first-home loan.
• Sponset Boligkjøp (Sponsored Home Purchase) Service where Trym covers key buyer expenses including mortgage interest and common costs for six months from the date of property handover, reducing the carrying cost burden for new homeowners during the transition period.

Quantifiable outcome

• BREEAM Very Good minimum certification on all residential projects
• +4 more outcomes

Named customers7 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

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and major.

• RealinvestcoreStrategic or Co-development PartnerJoint development partnership for TUN32 - Leangen Sentrum project, a major new urban district at the entrance to Trondheim city. Trym Eiendom and Realinvest collaborate on large-scale development plans for the area.
• Bane Nor EiendomcoreStrategic or Co-development PartnerPartnership for Cecilienborg development near Nidelva and Marienborg station. Bane Nor Eiendom and Trym have submitted a regulatory plan enabling transformation of former industrial area into approximately 26,000 sqm BRA of residential and 2,000 sqm BRA of commercial space.
• Heimdal Bolig, Fredensborg Bolig and ByggteknikkcoreStrategic or Co-development PartnerFour equal partners (each 25%) in Brøset development company, securing Trondheim's most attractive development site of over 311 acres. The joint venture plans approximately 1,735-1,800 homes for about 4,000 residents, developing the area into Norway's greenest neighborhood.
• Grip Klatring ASmajorStrategic or Co-development PartnerPartnership for Norway's largest climbing center at Gildheim (approximately 3,700 sqm). Trym Eiendom developed the facility and Grip Klatring serves as sole tenant. The project represents successful build-to-suit development for a specialized commercial tenant.
• CBREmajorImplementation/ SI/ Consulting PartnerTechnical operations partnership for Trym's commercial properties. CBRE provides 24/7 Site Support customer service center handling all operational and maintenance matters for commercial tenants. CBRE is the primary contact point for all technical service requests.
• IK Lykke EiendommajorStrategic or Co-development PartnerJoint venture partner (50% ownership) for Dybdahlsgården commercial building development. IK Lykke Eiendom co-owned the property development with Trym before sale to KLP Eiendom.
• Nardo Bil GruppenmajorStrategic or Co-development PartnerPartnership for Jaguar and Land Rover dealership building at Ranheim Vestre. Nardo Bil operates the exclusive dealership, while Trym developed and built the facility to Jaguar/Land Rover supplier specifications (approximately 4,400 sqm).
• EiendomsMegler 1majorChannel Partner/ Reseller/ DistributorReal estate agent partnership for residential property sales. EiendomsMegler 1 assists with sales processes for multiple Trym projects including Liljendal and Heimdal Atrium, providing professional brokerage services.

Scale indicators18 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Block Watne: Norwegian homebuilder developing single-family houses and apartments primarily in the Trondheim and broader Norwegian market. Closely comparable in build-for-sale residential product and target buyer segment.
• Selvaag Bolig ASA: Listed Norwegian residential property developer focused on Oslo, Greater Stavanger, and Trondheim regions. Directly comparable as a Norwegian build-for-sale homebuilder with similar customer base and project-based revenue model.
• Fredensborg Bolig: Norwegian residential developer operating across multiple regions including Trondheim and Trym's JV partner at Brøset. Comparable in for-sale residential focus and willingness to take on large multi-phase developments.
• Heimdal Bolig: Trondheim-focused residential property developer and Trym's JV partner at the Brøset project. Directly comparable by geography (Trondheim), product (residential), and project scale (large multi-phase developments).

Broad incumbents

• OBOS: Norwegian member-owned housing cooperative developing thousands of homes annually across Norway. Comparable as a large-scale residential developer with strong buyer-financing relationships.
• Skanska Norge: Norwegian arm of Swedish multinational Skanska, active in both commercial construction and residential development in Norway. Overlaps with Trym's integrated model at larger scale.
• Veidekke ASA: Major Scandinavian construction and property development group with a significant residential development arm in Norway. Larger-scale incumbent with overlapping integrated construction + property development model.
• NCC Norge: Nordic contractor and developer with residential operations in Norway. Comparable in mixed construction + property development model and Norwegian project exposure.
• AF Gruppen ASA: Norwegian contracting and property development group with both civil/building construction and real estate development. Overlaps with Trym's former construction arm and integrated property business.

Emerging players

• Consto AS: Norwegian construction contractor with growing footprint in Trondheim and Northern Norway. Comparable as a Norwegian contractor competing for construction work in the same regions Trym operates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/trymnorge
• LinkedInlinkedin.com/company/trym-as

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries12 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 Trym