What Freja Ejendomme does

Freja Ejendomme A/S is a Danish state-owned (A/S) real estate company, wholly owned by the Danish state via the Ministry of Finance (Finansministeriet), headquartered at Gammel Kongevej 60 in Frederiksberg. The company receives surplus properties from state agencies and regions on a twice-yearly transfer cycle, then develops and sells them with the mandate of maximising proceeds for the state and creating urban value for surrounding communities. The portfolio spans unusually diverse asset classes — prisons, hospitals, barracks, lighthouses, listed heritage buildings, and large urban-development areas — reflecting the breadth of state real estate it is asked to dispose of.

Operations consist of three core service lines delivered via the company's website (frejaejendomme.dk): a searchable catalogue of available investment and development properties (Ejendomme), a newsletter-and-buyer-registry (Nyhedsbrev & K\u00f8berkartotek) that matches Danish institutional buyers and developers to new listings, and a portfolio of long-horizon urban transformation projects (Udviklingsprojekter), including OUH in Odense (274,000 m²), Jernbanebyen in Copenhagen (365,000 m²), Cortex Park in Odense (\u2248200,000 m² target), Vridsl\u00f8se (160,000 m²), and M\u00f8rkh\u00f8j Bygade (52,000 m²). Content publication under the Freja Magasinet imprint (annual magazine on Issuu) and a library of case studies round out the public-facing surface. There is no proprietary AI, platform technology, API, or developer SDK disclosed; technology use is limited to standard property and project-management systems.

The revenue model is property-transaction-based, supplemented by lease income on assets held during development. Pricing is set per-asset in Danish Kroner (e.g., Pontoppidanstr\u00e6de 103 in Aalborg at DKK 17M; Vestre Stationsvej 8-10 in Odense at DKK 39.5M; Fredrik Bajers Vej 3B laboratory at DKK 46.25M). Distribution is hybrid: in-house sales (sales managers, an internal erhvervsm\u00e6gler) plus mandated commercial brokers (Nordicals, Colliers, EDC Erhverv Poul Erik Bech) and direct website listings. The customer base is concentrated among institutional investors, pension funds (PFA, PKA), large real-estate consortia (Baneby/NREP/Novo Holdings/Industriens Pension), construction developers (ALFA Development, 5E Byg, A. Enggaard), municipalities (Odense, Fures\u00f8), and educational/government tenants (Aalborg Universitet, Syddansk Universitet, Region Syddanmark). FY2025 revenue of approximately DKK 1,136 million was disclosed in the 2025 annual report, with the company employing ~24 staff across management, legal, sales, project development, finance, IT, and operations.

Name

Freja Ejendomme

Legal name

Freja Ejendomme A/S

Website

https://frejaejendomme.dk

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

11–50 employees

Short description

Freja Ejendomme A/S is a Danish state-owned real estate company that develops and sells surplus properties transferred from state agencies and regions, managing a diverse portfolio of hospitals, prisons, heritage buildings, and large urban transformation projects across Denmark for institutional buyers and pension-backed developers.

Ownership category

akta.pro rank

Headquarters

HQ city

Frederiksberg

HQ country

Denmark

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property Development and Sales: Freja Ejendomme receives properties from state agencies and regions (typically twice per year via Finansministeriet) and is tasked with developing and selling them at maximum profit. Revenue is generated through the sale of developed properties to private buyers, developers, and institutional investors. The company also earns lease income from properties held during the development period.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Freja Ejendomme is the Danish state's mandated real estate company that receives surplus properties from state agencies and regions, develops them, and sells them to private buyers, developers, and institutional investors. Its portfolio spans highly diverse asset types including prisons, hospitals, barracks, heritage-listed buildings, lighthouses, and large urban development areas. The company manages the full property lifecycle from intake and planning through development to sale or lease, generating revenue through one-off property transactions and rental income during the holding period.

Product overview

Freja Ejendomme A/S is a Danish state-owned real estate company whose core business is developing and selling properties transferred from state agencies and regions. The company does not operate a unified software platform but offers several web-based services: (1) Ejendomme (Property Listings) — a searchable catalogue of commercial and investment properties for sale or lease across Denmark; (2) Nyhedsbrev & Køberkartotek — a newsletter and buyer registry that notifies users of matching new listings; (3) Udviklingsprojekter — a showcase of large-scale urban development projects including OUH transformation, Jernbanebyen, Cortex Park, Vridsløse, and Mørkhøj Bygade; (4) Freja Magasinet — a digital magazine with articles on property transformations and heritage buildings; and (5) Cases — a library of completed project case studies. All services are accessed via the company's website at frejaejendomme.dk.

Differentiator

Problem solved

Functional benefit

Products and services

• Ejendomme (Property Sales Listings) Searchable catalogue of commercial, investment, and development properties available for sale across Denmark, listed directly by Freja Ejendomme with detailed information, photos, downloadable prospectuses, and pricing in DKK. Targets institutional investors, developers, and private buyers seeking former state-owned assets.
• Udlejning (Property Leasing) Leasing service for selected properties held by Freja Ejendomme during the development cycle and heritage properties offered for rent, including multi-year non-cancellable leases to educational and government tenants. Pricing structured as annual rent in DKK.
• Udviklingsprojekter (Urban Development Projects) Large-scale urban transformation projects delivered in partnership with municipalities and private developers. Projects convert obsolete state facilities (hospitals, prisons, barracks) into mixed-use urban districts with housing, commercial space, and public amenities, targeting DGNB Gold sustainability certification.
• Nyhedsbrev & Køberkartotek (Newsletter & Buyer Registry) Free subscription and buyer registry service that allows prospective buyers to register their criteria and receive notifications via email or phone when matching properties become available for sale or lease.

Quantifiable outcome

• OUH transformation: 274,000 m² area (equivalent to 3× Tivoli, ~35 football fields) to be transformed into a new urban quarter with ~200,000 m² of buildings
• +3 more outcomes

Named customers9 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered core and minor.

• Realdania By & BygcoreStrategic or Co-development Partner · 1 January 2025Realdania By & Byg holds a 25% stake in the joint area development company for the transformation of the current Odense Universitetshospital (OUH) into a new urban quarter. The partnership also conducted an idea competition (idékonkurrence) with 122 proposals submitted and 450,000 Kr. in prizes, focusing on sustainable urban development and heritage preservation.
• Odense KommunecoreStrategic or Co-development Partner · 1 January 2025Odense Municipality holds an 18% stake in the joint area development company for the OUH transformation. The municipality is a key stakeholder in the project, providing local government alignment and planning authority. The project aims to create a new urban quarter on the vacated hospital site.
• 5E BygminorStrategic or Co-development Partner · 1 January 20235E Byg completed a combined office and parking building in Cortex Park in spring 2023, and built two residential buildings with a third under construction.
• Baneby Konsortiet (NREP, Novo Holdings, Industriens Pension)coreStrategic or Co-development Partner · 1 January 2021Baneby Konsortiet (jointly owned by NREP, Novo Holdings, and Industriens Pension) purchased ~78,000 m² of the Jernbanebyen site from Freja Ejendomme in autumn 2021. DSB Ejendomsudvikling owns the remaining ~287,000 m². All parties are jointly developing the 365,000 m² Jernbanebyen urban district project in Copenhagen.
• PKAE (PKA and A. Enggaard)coreStrategic or Co-development Partner · 1 January 2020PKAE (a consortium of labor market pension company PKA and contractor/developer A. Enggaard) purchased the 160,000 m² Vridsløselille Statsfængsel site from Freja Ejendomme in 2020. The 'Vridsløse' project plans 1,400–1,600 homes and mixed-use development. Freja was a central actor until handover in 2025.
• ALFA DevelopmentcoreStrategic or Co-development Partner · 1 January 2020ALFA Development purchased the ~52,000 m² Mørkhøj Bygade site from Freja Ejendomme in 2020. The project in Gladsaxe municipality will transform the former DTU Fødevareinstituttet site into a mixed-use district with housing, commercial space, and green areas. Freja remained a central actor through planning approval.
• PFAcoreStrategic or Co-development Partner · 1 January 2019PFA purchased two large plots in Cortex Park, Odense in late 2019, developing two commercial buildings of 11,500 m² and 5,500 m² with capacity for ~900 workplaces. Buildings achieved DGNB Gold certification. Tenants include Focus Advokater, Ernst & Young, and Fynsk Erhverv.
• Furesø KommuneminorStrategic or Co-development Partner · 1 January 2015Freja Ejendomme collaborated with Furesø Municipality on the transformation of Flyvestation Værløse into a residential area. The cooperation accelerated development, bringing ~1,000 new residents and half the profit to the municipality.
• Cultura Heritage OrganizationsminorStrategic or Co-development PartnerFreja Ejendomme works with Kulturstyrelsen (Cultural Heritage Agency) on the preservation and transformation of heritage properties. This is a recurring partnership across multiple heritage property sales, ensuring regulatory compliance and quality restoration standards.
• DGNB (Danish Green Building Council)minorStrategic or Co-development PartnerFreja Ejendomme's sustainability strategy is aligned with DGNB certification. Major projects like Jernbanebyen, Vridsløse, and Mørkhøj Bygade target DGNB Gold certification at district level. DGNB provides the framework for Freja's project-specific sustainability strategies.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/freja-ejendomme-a-s
• Facebookfacebook.com/Freja-Ejendomme-AS-100066799540809

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 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 Freja Ejendomme