Name

Mustad Property

Legal name

Mustad Eiendom

Website

https://mustadeiendom.no

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Commercial Real Estate / Property Development

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (53112), Rental and Leasing Services (532)

SIC

Operators Of Nonresidential Buildings (6512), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Specialty & Entertainment Venue Property Management (BPAJAGAO)

Keywords

• Commercial real estate
• Property development
• Urban redevelopment
• Heritage building rehabilitation
• Mixed-use properties

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Distribution channels1 record

Marketing channels4 records

Core offering

Mustad Property develops, owns, and manages commercial real estate in the Lilleaker/Lysaker area of Oslo, transforming former industrial buildings from the 1860s into modern office, retail, and event spaces. The company leases premises directly to commercial tenants, operates the CC Vest shopping center, and runs mixed-use venues for sport, recreation, concerts, and community activities. Its portfolio hosts 400 businesses and 8,000 daily workers, with the CC Vest shopping center attracting over 4 million annual visitors.

Product overview

Mustad Eiendom is a family-owned property development company with a long-term sustainable perspective on local management and development of the Lilleaker/Lysaker area. The company has operated since 1875 and manages a portfolio that includes the main Mustad Eiendom property development operations, the Lilleakerbyen urban development project, CC Vest shopping center, multiple event venues (Møllefossen Café, Naturen Brasserie, Fåbro Gård, The Bakery, Ekolito, Pink Lady, Villa Tullin), and sub-brands Fåd (activity/recreation area), Lilleaker Live (concert venue), and Fåbro Hage (heritage garden). The portfolio serves 400 businesses, 8,000 workers, and CC Vest attracts over 4 million annual visitors.

Differentiator

Problem solved

Functional benefit

Products and services

• Mustad Eiendom Property development and long-term management of commercial properties in the Lilleaker/Lysaker area of Oslo, hosting 400 businesses and 8,000 workers.
• Lilleakerbyen Urban development project creating a mixed-use city district on both sides of Lysakerelva, including workplaces, housing, commerce, dining, culture, and recreation.
• CC Vest Shopping center in Lilleaker with 90 retail stores, attracting over 4 million visitors annually.
• Fåd Activity area in Lilleakerbyen focused on sport, recreation, activities, and nature experiences; winner of the national Cityprisen 2025 award.
• Lilleaker Live Concert venue at Møllefossen Café in Lilleakerbyen featuring year-round programming with varied concert series across multiple genres.
• Fåbro Hage Heritage garden within Lilleakerbyen with history dating back to 1750, featuring apple trees, vegetable garden, chickens, and flowers maintained by a local farmer; hosts seed library, community gardening groups, and farm markets.
• Møllefossen Café (event venue) Event venue at Lilleakerveien 2E in Lilleakerbyen with capacity for 60 persons.
• Naturen Brasserie (event venue) Event venue at Vollsveien 13H with capacity for 130 persons, part of Norrøna House.
• Fåbro Gård (event venue) Conference and day event venue at Mustads Vei 12, equipped with screen, speakers, and projector.
• The Bakery (event venue) Event venue at Lilleakerveien 2A with capacity for 140 persons.
• Ekolito (event venue) Event venue at Mustads Vei 1 with capacity for 80-100 persons.
• Pink Lady (event venue) Event venue at Lilleakerveien 2B with capacity for 40 persons.
• Villa Tullin (event venue) Event venue at Mustads Vei 10 with capacity for 80 persons.
• Vollsveien 13H Rehabilitated commercial building at Vollsveien 13H in Lysaker, transformed from a 1860s paper factory into a modern flexible building with offices, retail, restaurant, event facilities, and the Gneis climbing center; achieves 58.5% lower carbon footprint than new construction.

Quantifiable outcome

• 58.5% lower carbon footprint compared to new construction at Vollsveien 13H
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Kima ArkitekturcoreStrategic or Co-development PartnerArchitecture firm partnered on Vollsveien 13H rehabilitation project, contributing to the design of the transformed industrial building into modern office and public spaces.
• HENT AScoreStrategic or Co-development PartnerConstruction company that collaborated on the Vollsveien 13H project, implementing the extensive rehabilitation of the 1860s industrial building.
• Carl's (by ORO)minorOthersNominee project for Cityprisen 2025, competitor project demonstrating industry standards
• Vertikal Nydalen (by Avantor)minorOthersNominee project for Cityprisen 2025, competitor project demonstrating industry standards

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Steen & Strøm: Major Norwegian shopping center operator managing multiple retail destinations. Directly comparable to Mustad's CC Vest operations and broader mixed-use retail property management.
• AF Eiendom: Property development arm of AF Gruppen, focused on Norwegian commercial and residential development. Comparable to Mustad's mixed-use development pipeline and tenant mix.
• Entra ASA: Norwegian commercial real estate company focused on office properties, primarily in the Oslo region. Closely comparable to Mustad's office leasing business and Oslo-centric portfolio.
• Höegh Eiendom: Norwegian real estate developer with a portfolio of commercial and residential properties in Oslo. Comparable as an Oslo-focused developer pursuing mixed-use and urban regeneration projects.
• Norwegian Property ASA: Norwegian listed commercial real estate company owning and managing office properties in central Oslo. Directly comparable as an Oslo-focused commercial landlord with similar tenant profile.
• Aspelin Ramm: Oslo-based property developer focused on urban transformation and mixed-use projects. Comparable to Mustad's Lilleakerbyen urban development approach and heritage-to-modern repositioning strategy.
• Olav Thon Gruppen: One of Norway's largest privately-held real estate groups, operating shopping centers and commercial properties nationwide. Directly comparable as a Norwegian commercial property owner with a strong shopping center portfolio overlapping CC Vest's format.
• Avantor: Norwegian real estate developer operating major urban projects including Vertikal Nydalen. Comparable as a Norwegian property developer pursuing mixed-use urban regeneration; explicitly identified as a Cityprisen 2025 competitor.

Others

• Malling & Co: Norwegian commercial real estate advisory and brokerage firm. Comparable as a Norwegian CRE market participant serving overlapping tenant and investor clients, though operating in advisory rather than principal ownership.

Broad incumbents

• KLP Eiendom: Real estate arm of Norway's largest pension fund, operating a broad portfolio of office, retail, and hotel properties. Comparable as a major Norwegian commercial property investor, though operating at significantly larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries5 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 Mustad Property