What Thon Eiendom does

Thon Eiendom is the commercial real estate division of Thon Gruppen, a privately held Norwegian conglomerate, and operates as Norway's largest private commercial real estate landlord. The company leases approximately 500 commercial properties spread across Norway and Sweden, organized into five core product lines: office premises (Kontorlokaler), retail premises (Butikklokaler), restaurant and food-service venues (Serveringslokaler), warehouse and logistics facilities (Lager og logistikk), and the flexible coworking brand Thon Flex. The portfolio spans city-center locations, shopping centers, established trading districts, and logistics hubs, with named assets including Vika Atrium, Youngs gate 2-4, Stortorvet 2, and Triaden Helsetorg in Oslo and Lørenskog.

Name

Thon Eiendom

Legal name

Thon Eiendom

Website

https://thoneiendom.no

Company type

Private

Founded year

1950

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Thon Eiendom is the commercial real estate division of Norway's Thon Gruppen, leasing approximately 500 office, retail, restaurant, warehouse, and coworking properties across Norway and Sweden to corporate, retail, food-service, and logistics tenants.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Leasing

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Nonresidential Property Managers (531312)

SIC

Real Estate (6500), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Specialty & Entertainment Venue Property Management (BPAJAGAO)

Keywords

• Commercial real estate leasing
• Office space rental
• Retail property leasing
• Warehouse logistics leasing
• Flexible coworking spaces

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Marketing or Sales

Revenue model

1. Commercial Property Leasing: Recurring rental income from leasing office spaces, retail locations, restaurant/café venues, and warehouse/logistics facilities to businesses across Norway and Sweden. Tenants pay regular rent, typically under long-term lease agreements.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Thon Eiendom is the commercial real estate division of Thon Gruppen and Norway's largest private commercial real estate company, leasing roughly 500 properties across Norway (and Swedish shopping centers) to business tenants. Its core offerings are long-term rental of central offices, street-level and shopping-center retail premises, restaurant/F&B venues, warehouse and logistics facilities, flexible coworking under the Thon Flex brand, and shopping center B2B units, supported by dedicated on-site property management and janitorial teams. The portfolio is also being developed and renewed through property development projects such as the upcoming Triaden Helsetorg.

Product overview

Thon Eiendom operates a multi-product commercial real estate platform offering rental of various property types across Norway. The core offerings include office premises (Kontorlokaler), retail premises (Butikklokaler), restaurant/service premises (Serveringslokaler), warehouse and logistics facilities (Lager og logistikk), and the flexible coworking product Thon Flex. Additional services include shopping center B2B opportunities and property development projects. The company manages approximately 500 properties through Thon Gruppen, Norway's largest private real estate company, providing tailored solutions for businesses of varying sizes including startups and entrepreneurs.

Differentiator

Problem solved

Functional benefit

Brands

• Thon Flex: Flexible co-working concept for short-term office rental, located in Oslo city center at Vika Atrium, Karl Johans gate 5, Torggata 35 and Stenersgata 2A.

Products and services

• Kontorlokaler (Office Premises) Central office premises for businesses, located in city centers and shopping areas across Norway, with dedicated operations teams providing property maintenance and janitorial services. Targeted at companies seeking central, professionally managed office locations.
• Butikklokaler (Retail Premises) Retail spaces available at street level or in shopping centers, positioned in high-traffic shopping streets and destinations for retailers seeking prime visibility. Targeted at retail businesses and shopping concepts.
• Serveringslokaler (Restaurant and Food Service Premises) Premises for restaurants and food service establishments, available in central streets or in shopping centers throughout Norway, with space customization to fit individual F&B concepts. Targeted at restaurants, cafés, bars and quick-service operators.
• Lager og logistikk (Warehouse and Logistics Premises) Warehouse and logistics facilities available in connection with several Thon properties, leased individually or in combination with office premises. Ranges from large terminal operations with high ceilings to small parts storage for smaller businesses. Targeted at logistics operators and companies with storage needs.
• Thon Flex (Flexible Coworking) Flexible short-term coworking concept offered in Oslo city center at Vika Atrium, Karl Johans gate 5, Torggata 35, and Stenersgata 2A. Suitable for companies with varying space needs, startups, project groups and entrepreneurs seeking flexible lease terms.
• Kjøpesenter B2B (Shopping Center B2B) Shopping center business-to-business offering including booth/stand rental opportunities within Thon's shopping center portfolio across Norway and Sweden. Targeted at retailers and F&B tenants seeking positions in high-foot-traffic shopping destinations.
• Prosjekter (Property Development Projects) Property development and construction projects including new builds and comprehensive renovations of commercial properties — for example Triaden Helsetorg at Lørenskog, the renovation of Vika Atrium, Stortorvet 2 in Oslo, and Kjøpmannsgata 15 in Trondheim. Targeted at future commercial tenants and the broader real estate market.

Quantifiable outcome

• Portfolio of 500+ properties across Norway

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Regional players

• Citycon Oyj: Citycon is a Finnish-listed Nordic shopping center operator with properties in Finland, Norway, Sweden, Denmark, and the Baltics. It competes with Thon Eiendom's shopping center B2B operations, particularly in the Nordic cross-border retail real estate market.
• Vasakronan AB: Vasakronan is Sweden's largest commercial real estate company, owned by AP pension funds, with offices, retail, and logistics across major Swedish cities. It directly parallels Thon Eiendom's diversified commercial property approach in a closely related Nordic market.
• Wihlborgs Fastigheter AB: Wihlborgs is a Swedish commercial real estate company focused on properties in the Öresund region, with offices and commercial space. It is comparable to Thon Eiendom's office and commercial leasing model in a Swedish regional context.
• Castellum AB: Castellum is one of Sweden's largest listed commercial real estate companies, with offices, logistics, and retail properties across Sweden and Denmark. It is highly comparable to Thon Eiendom's diversified commercial real estate model and is a regional peer given Thon Eiendom's Swedish footprint.
• Fabege AB: Fabege is a Swedish commercial real estate company specializing in prime office properties in Stockholm. Comparable to Thon Eiendom's office segment (Kontorlokaler) with similar corporate tenant base, though focused on a different Nordic capital city.

Direct peers

• Entra ASA: Entra ASA is a leading Norwegian commercial real estate company focused on office properties in Oslo and other Norwegian cities. It is directly comparable to Thon Eiendom in operating model (owning and leasing commercial space), customer base (corporate tenants), and Norwegian geographic focus, though Thon Eiendom is more diversified across property types.
• Norwegian Property ASA: Norwegian Property ASA owns and manages a portfolio of commercial properties concentrated in Oslo, including office buildings and retail space. It directly competes with Thon Eiendom in the Norwegian commercial real estate market with similar tenant types and asset categories.
• Steen & Strøm: Steen & Strøm is one of Norway's largest shopping center operators, owned by Klépierre. It overlaps directly with Thon Eiendom's shopping center operations (Norwegian and Swedish shopping centers, kjøpesenter B2B), targeting similar retail tenants and operating in the same commercial real estate category.
• KLP Eiendom: KLP Eiendom is the real estate arm of Norway's largest pension company, managing a substantial Norwegian commercial property portfolio including offices, retail, and hotels. It is directly comparable to Thon Eiendom as a major Norwegian institutional commercial real estate owner.

Others

• Olav Thon Gruppen: Olav Thon Gruppen is the parent conglomerate of Thon Eiendom, with diversified operations across real estate, hotels, restaurants, and shopping centers. While not a direct peer, it is thematically related as the controlling group and provides ecosystem context for Thon Eiendom's commercial real estate operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Thon Eiendom