What Fritzøe Eiendom does

Fritzøe Eiendom is a Norwegian property development and management company headquartered in Hammerdalen, Larvik, in the Vestfold og Telemark region. Founded in 1985 as a subsidiary of the holding company Treschow-Fritzøe AS, the firm traces its real estate lineage to the 17th-century Fritzøe Jernverk ironworks and operates within the historic Hammerdalen industrial district. It employs approximately 12 people and combines property ownership, asset management, construction project execution, and tenant services under one integrated operating unit.

The company's revenue mix spans commercial property rental, residential rental (including 40 student apartments in the Mølla building at NOK 7,200–7,500/month), parking operations across 1,500–1,700 spaces, property sales, and facility management. Capital projects include the new Saga office building (Breeam-NOR v6.0 Excellent, launched December 2024), the renovation of the historic Materialforvaltningen building, and a 5,000 sqm warehouse conversion for tenant ABAX. In 2024 the company executed its first cross-border project, a 22,700 sqm logistics center in Nässjö, Sweden, for sister company CEOS Fritzøe AB. The portfolio is certified under the Miljøfyrtårn environmental scheme, and Fritzøe Eiendom ranked first in the 2024 Norsk Leietakerindeks with a tenant satisfaction score of 84/100. Leadership is Petter Falkgård Andersen (CEO since March 2021), and in September 2025 the company divested the Farris Bad property to Norwegian Hospitality Group as part of portfolio rationalization.

Name

Fritzøe Eiendom

Legal name

Fritzøe Eiendom AS

Website

https://fritzoeeiendom.no

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

11–50 employees

Short description

Fritzøe Eiendom is a Norwegian property development and management company in Larvik that owns, leases, and develops commercial and residential real estate in the historic Hammerdalen district, alongside parking and facility management services.

Ownership category

akta.pro rank

Product category

Real Estate Development and Property Management

NAICS

Real Estate Property Managers (53131), Residential Property Managers (531311), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120)

SIC

Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512), Operators Of Apartment Buildings (6513)

akta.pro primary industry

Mixed-Use Property Management (BPAJAGAE)

akta.pro secondary industries

Office Property Management (BPAJAGAA), Hospitality (Hotel) Property Management (BPAJAGAG), Master Lease & Rental Arbitrage Student Housing Management (BPAJAJAD)

Keywords

• Commercial property leasing
• Residential property development
• Real estate management
• Urban redevelopment services
• Sustainable building certification

Headquarters

HQ city

Larvik

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Commercial Property Rental: Fritzøe Eiendom generates revenue by developing and renting out commercial properties (næringslokaler) including office spaces and retail locations. They serve a wide range of business tenants across their property portfolio in Hammerdalen and surrounding areas. The company has a strong focus on tenant satisfaction, regularly measured via Norsk Leietakerindeks, and has consistently ranked at the top of national tenant satisfaction surveys with scores of 84/100 and 1st place rankings.
2. Residential Property Rental: Fritzøe Eiendom generates rental income from residential units, including student housing (40 studio apartments in Mølla) and residential apartments at Fritzøe Brygge, Sanden Brygge, and Øvre Verksgård. Studio apartments range from 17-27 m2 with monthly rent from 7,200-7,500 NOK, with rent including utilities, internet, and shared facilities.
3. Parking Management: Fritzøe Eiendom administers approximately 1,500-1,700 parking spaces across Hammerdalen, serving both the public and commercial tenants. Revenue is generated through hourly parking (via Easypark/Parkly apps) and monthly rental agreements. Fast chargers are available at some parking locations.
4. Property Sales (Bolig): Fritzøe Eiendom develops and sells residential properties (boliger til salgs) to end buyers, contributing to revenue through one-time property transactions rather than recurring income.
5. Facility Management and Maintenance Services: Fritzøe Eiendom operates its own in-house service team that provides building management, maintenance, cleaning, snow removal, and landscaping services to tenants. This is embedded in the overall property management offering and supported through a service center and dedicated app for issue reporting.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Fritzøe Eiendom is a property developer and manager operating primarily in Larvik, Norway. It develops, leases, and manages commercial spaces (office and retail) and residential properties, and stewards the transformation of the historic Hammerdalen industrial district into a modern mixed-use urban neighborhood. The company also provides facility management, parking administration, and a dedicated service center for tenants and residents.

Product overview

Fritzøe Eiendom is a property development and management company operating primarily in Larvik, Norway. Its core offering is the development and stewardship of the Hammerdalen mixed-use district — a historic industrial area spanning 600+ years — which has been systematically transformed since the 1980s into a modern urban neighborhood. The company's portfolio comprises multiple distinct product lines: (1) residential properties for sale, including apartments in new developments; (2) commercial spaces (næringslokaler) leased to businesses; (3) student housing in the renovated Mølla building; (4) flagship office developments such as the new Saga building targeting Breeam-NOR v6.0 Excellent certification; (5) the Farris Bad hospitality destination; (6) Fritzøe Brygge, a waterfront dining and retail area; (7) a proprietary mobile app for tenant service requests; and (8) managed parking via Parkly/Easypark. The company also operates a service center providing maintenance, caretaker, and concierge services to tenants and residents. Its sustainability strategy is anchored in Miljøfyrtårn certification and Breeam standards across projects.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Spaces (Næringslokaler)

Quantifiable outcome

• 1st place nationally in Norsk Leietakerindeks (Norwegian Tenant Index) customer satisfaction survey, confirming top-tier tenant satisfaction among Norway's leading commercial property landlords
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Partnerships

Five partnerships are on record, tiered minor and core.

• Norwegian Hospitality GroupminorOthers · 1 September 2025Norwegian Hospitality Group purchased the Farris Bad property from Fritzøe Eiendom in September 2025. This sale enables Farris Bad to continue expanding as a destination of significant importance for Larvik's tourism and identity. The Langestrand Park residential project was set aside as a result of this transaction.
• CEOS Fritzøe ABcoreStrategic or Co-development Partner · 1 January 2023CEOS Fritzøe AB is the sister company of Fritzøe Eiendom. Fritzøe Eiendom is building a new 22,700 kvm green logistics center in Nässjö, Sweden for CEOS Fritzøe AB. The project includes office, warehouse, and production areas, targeting Breeam Excellent or Very Good certification, with completion planned for April 2024. This represents Fritzøe Eiendom's first cross-border construction project.
• NEMEETminorStrategic or Co-development Partner · 1 January 2023NEMEET conducts annual tenant satisfaction surveys (Norsk Leietakerindeks) for Fritzøe Eiendom. Fritzøe Eiendom achieved top scores (84/100, 1st place nationally) in these surveys, demonstrating industry-leading tenant satisfaction. Morten Olaisen, CEO of NEMEET, noted that Fritzøe Eiendom ranks among Norway's best commercial property landlords.
• Grønn Byggallianse (Green Building Alliance)minorStrategic or Co-development Partner · 1 January 2023Fritzøe Eiendom is a member of Grønn Byggallianse (Green Building Alliance), supporting the company's sustainability agenda and commitment to environmentally responsible property development. Membership is aligned with the company's Miljøfyrtårn certification.
• Helge Klyve ASminorImplementation/ SI/ Consulting Partner · 1 January 2018Helge Klyve AS served as the coordinating contractor for the Mølla Syd transformation project (5,000 kvm warehouse conversion for ABAX), completed in October 2019. The company was also involved in the Mølla building rehabilitation project more broadly.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• AF Eiendom: AF Eiendom is the property development arm of AF Gruppen, developing commercial and residential real estate in Norway. Comparable to Fritzøe Eiendom in developing mixed-use districts and sustainable certified properties for institutional and commercial tenants.
• Malling & Co: Malling & Co is a Norwegian commercial property manager focused on office leasing and tenant representation. Directly comparable to Fritzøe Eiendom's commercial leasing and property management operations, particularly around tenant service quality and Norsk Leietakerindeks-style benchmarking.
• Höegh Eiendom: Höegh Eiendom is a Norwegian family-owned real estate developer and long-term holder of commercial and mixed-use properties. Comparable to Fritzøe Eiendom as a long-horizon, multi-generational developer focused on district-scale urban transformation and commercial/residential mixed-use portfolios.
• Aspelin Ramm: Aspelin Ramm is a major Norwegian real estate developer known for large-scale, mixed-use urban development projects. Directly comparable to Fritzøe Eiendom in long-term mixed-use district development, sustainability focus, and Breeam-certified commercial space.

Broad incumbents

• Steen & Strøm: Steen & Strøm is a leading Nordic owner, manager, and developer of shopping centers and commercial properties. Comparable to Fritzøe Eiendom's mixed-use and commercial property operations, particularly the Fritzøe Brygge waterfront retail/dining component.
• Entra ASA: Entra ASA is a leading Norwegian commercial real estate company owning and managing office properties across Norway's main cities. Comparable to Fritzøe Eiendom as a commercial landlord focused on office leasing and tenant satisfaction, though at significantly larger scale and broader geography.
• Olav Thon Eiendomsselskap: Olav Thon Eiendomsselskap is one of Norway's largest real estate companies with extensive commercial and retail property holdings. Comparable to Fritzøe Eiendom as a commercial landlord and mixed-use property manager, though at much greater scale and broader geographic footprint.
• Bane NOR Eiendom: Bane NOR Eiendom develops commercial real estate on and around Norwegian railway stations. Tangentially comparable to Fritzøe Eiendom as a long-horizon Norwegian real estate developer focused on location-driven commercial properties, though more infrastructure-adjacent.

Regional players

• Salt Eiendom: Salt Eiendom (formerly Salto Eiendom) is a Norwegian real estate developer with focus on office, commercial, and mixed-use properties in the Oslo region. Comparable to Fritzøe Eiendom as a commercial/mixed-use developer; notably, current Fritzøe CEO Petter Falkgård Andersen was previously CEO at Salto Eiendom.
• Rom Eiendom: Rom Eiendom is a Norwegian commercial real estate company developing and managing office and mixed-use properties, primarily in the Vestfold region. Comparable to Fritzøe Eiendom as a regional commercial landlord with a focus on tenant satisfaction and Breeam-certified developments in southern Norway.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/fritzoeeiendom

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

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 Fritzøe Eiendom