Credo Gruppen
Credo Gruppen AS is a Norwegian family-owned property developer and manager building and selling residential units (apartments, single-family homes, townhouses) across Innlandet and Bergen, while managing ~50,000 sqm of commercial real estate in Hamar through subsidiary Credo Gruppen Eiendom.
- Company typePrivate
- Founded1991
- HeadquartersHamar, Norway
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
Credo Gruppen firmographics
Firmographics- Name
- Credo Gruppen
- Legal name
- Credo Gruppen AS
- Website
- https://credogruppen.no
- Company type
- Private
- Founded year
- 1991
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Credo Gruppen AS is a Norwegian family-owned property developer and manager building and selling residential units (apartments, single-family homes, townhouses) across Innlandet and Bergen, while managing ~50,000 sqm of commercial real estate in Hamar through subsidiary Credo Gruppen Eiendom.
- Ownership category
- akta.pro rank
Credo Gruppen industry classification
Industry- Product category
- Residential Real Estate Development
- NAICS
- Real Estate Property Managers (53131), Real Estate and Rental and Leasing (53)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Land Subdividers & Developers (No Cemeteries) (6552)
- akta.pro primary industry
- Commercial Real Estate Asset Management (BPAJAMAB)
Keywords
Where Credo Gruppen is headquartered
LocationHeadquarters
- HQ city
- Hamar
- HQ country
- Norway
- HQ region
- Europe
Offices2 records
Markets served
Credo Gruppen business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Residential Property Sales: Credo Gruppen develops and sells new residential properties including single-family homes, apartments, and townhouses. Revenue is generated through one-time sales of completed or pre-sold units to individual buyers.
- Commercial Property Management and Rental: Credo Gruppen Eiendom manages and rents out commercial real estate including office, warehouse, retail, and combination properties in the Hamar region. The company manages approximately 50,000 sqm of commercial property.
- Residential Property Rental: The company also manages and rents out residential apartments in Hamar and Ringsaker areas.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | Residential properties sold at fixed prices |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Credo Gruppen product offering
Product offeringCore offering
Credo Gruppen is a Norwegian real estate developer that builds and sells new residential properties (single-family homes, apartments, and townhouses) in the Innlandet and Bergen regions, while also managing and leasing approximately 50,000 sqm of commercial real estate in the Hamar region. The company delivers turnkey projects from land regulation through construction and offers a house chain (Hus1 Norge) supporting dealers and property developers.
Product overview
Credo Gruppen is a Norwegian real estate development company operating as a unified platform with multiple sub-brands and subsidiaries. The core business areas are Credo Bolig (residential development) and Credo Gruppen Eiendom (commercial property management). Credo Bolig develops properties from single-family homes to large apartment complexes across Innlandet and Bergen regions, with the process spanning from land regulation to turnkey delivery. Credo Gruppen Eiendom manages approximately 50,000 sqm of commercial real estate including the Storhamarsenteret shopping center. The subsidiary Hus1 Norge provides pre-designed house models and dealer support services. Key residential projects include Storhamar Torg (53 apartments), Jessnes (14 single-family homes), Villa Telje (7 homes), Essotomta (planned 88+ apartments), and various other developments. The company was founded in 1991 and has offices in Hamar and Bergen.
Differentiator
Problem solved
Functional benefit
Brands
- Credo Gruppen Eiendom: Property management and rental division managing commercial and residential properties in the Hamar region.
- Hus1 Norge
Products and services
- Credo Bolig (Residential Property Development) A business unit under Credo Gruppen specializing in residential property development, building single-family homes and apartment complexes in Innlandet and Bergen region, managing the full process from land regulation to turnkey delivery.
- Credo Gruppen Eiendom (Commercial Property Management) Property management and rental services for commercial real estate in the Hamar region, managing 50,000 sqm of commercial properties including offices, warehouses, retail, and mixed-use buildings.
- Storhamarsenteret (Shopping Center) A retail shopping center on Hamar West owned by Credo Gruppen, featuring office and retail spaces for lease, with a strong local neighborhood center profile and 300 parking spaces.
- Hus1 Norge (House Chain and Dealer Network) A house chain and subsidiary of Credo Gruppen providing pre-designed house models (Herregård, Moderne, Klassisk series) and acting as a partner and supporter for dealers and property developers in Norway.
- Storhamar Torg (Residential Project) Residential apartment complex in Hamar consisting of two modern buildings (8 and 9 floors) with 53 apartments ranging from 2-4 rooms (50-166 sqm).
- Jessnes (Residential Project) Residential development project in Ringsaker municipality featuring 14 modern single-family homes in a picturesque location near Lake Mjøsa, approximately 10 minutes from Hamar city center.
- Villa Telje (Luxury Residential Project) Luxury residential project on Domkirkeodden in Hamar, consisting of 7 single-family homes developed from the Lindman estate alongside the historic Villa Telje with its stabbur (storehouse).
- Essotomta (Planned Residential Project)
Quantifiable outcome
- Properties built to TEK 17 standards with 5-year warranty and complaint rights under Bustadoppføringslova
Companies that use Credo Gruppen
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Credo Gruppen technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Credo Gruppen partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered significant, minor and core.
- Tema Eiendom ASsignificantTema Eiendom sold Stallgården (Torggata 82) to Credo Gruppen in December 2021 after constructive negotiations. Credo Gruppen had originally sold the property to Tema Eiendom 20 years earlier. The acquisition was completed in Q1 2022, returning the historically significant property to its founding location. Credo plans to establish restaurant operations on the ground floor.
- Innlandet Næringsmegling (Jonas Karlsen)minorInnlandet Næringsmegling served as advisor in the Stallgården transaction, providing advisory services for the property acquisition.
- Hus1 NorgecoreCredo Gruppen owns Hus1 Norge, a house chain/network that provides A-to-Z concepts for property developers and dealers across Viken, Innlandet, and Vestlandet (from Molde to Bømlo). Hus1 Norge supports dealers in optimizing land use and streamlining building processes.
Scale indicators3 records
Recent moves8 records
Expansion highlights5 records
Credo Gruppen competitors and assessment
Company assessmentRegional players
- Bonava: Nordic residential developer listed in Stockholm that builds and sells homes in the Nordics. Comparable to Credo's project-based residential developer model, though Bonava operates primarily in Swedish, Finnish, German, and Baltic markets rather than Norway.
- Snekkern Andersen / regional Innlandet builder: Smaller Norwegian regional house builder serving local municipalities. Comparable as a same-category residential construction competitor for Innlandet-region single-family and small multi-family projects.
Broad incumbents
- OBOS: Norway's largest member-owned housing developer, building thousands of homes annually nationwide. Comparable because both operate integrated land-to-turnkey residential development models with in-house sales, even though OBOS has materially greater scale and national reach.
- Veidekke Entreprenør: Major Norwegian contractor and residential developer with nationwide operations and its own housing product lines. Comparable as a same-industry incumbent with overlapping residential development and broader construction scale.
- AF Gruppen: Norwegian construction and property group with significant project development and civil contracting. Overlaps with Credo's construction-led residential and commercial development activity at the broader industry level.
Direct peers
- OBOS Block Watne (combined reference) — replaced with Malling & Co: Norwegian commercial real estate advisory and asset management firm active in commercial leasing and asset management. Comparable to Credo Gruppen Eiendom's commercial property management arm managing ~50,000 sqm of office, retail and warehouse space.
- JM Norge: Norwegian arm of Swedish residential developer JM AB, producing apartment and townhouse projects in Norwegian urban markets. Comparable to Credo's apartment-focused projects (e.g., Storhamar Torg, Hellandskollen) and similar buyer profile.
- Selvaag Bolig: Listed Norwegian residential property developer focused on Greater Oslo and selected regional markets. Closest publicly traded comparator for Credo's land acquisition, development, and sale of homes and apartment projects with similar customer type.
- Betonmast Boligbygg: Norwegian residential developer focused on apartment buildings and housing projects for Norwegian buyers. Comparable to Credo's mid-rise and apartment development projects and similar end-buyer use case.
- Block Watne: Norwegian home builder and residential developer constructing single-family homes and apartments across Norway, also active in Innlandet-region-adjacent geographies. Directly comparable to Credo's house-building operations and Hus1 Norge prefab/dealer model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights8 records
Customer concentration
Credo Gruppen social profiles
Digital presenceCredo Gruppen financial estimates
Financial estimateRevenue estimate
Valuation estimate
Credo Gruppen leadership team
Management profileNumber of profiles
Profiles4 records
Credo Gruppen subsidiaries and ownership
Company hierarchySubsidiaries6 records
Credo Gruppen funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Credo Gruppen M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Credo Gruppen
What does Credo Gruppen do?
Credo Gruppen is a Norwegian real estate developer that builds and sells new residential properties (single-family homes, apartments, and townhouses) in the Innlandet and Bergen regions, while also managing and leasing approximately 50,000 sqm of commercial real estate in the Hamar region. The company delivers turnkey projects from land regulation through construction and offers a house chain (Hus1 Norge) supporting dealers and property developers.
Is Credo Gruppen a public or private company?
Credo Gruppen is a private company. It is classified as family owned and is currently operating.
When was Credo Gruppen founded?
Credo Gruppen was founded in 1991. It employs 11 to 50 people.
Where is Credo Gruppen based?
Credo Gruppen is headquartered in Hamar, Norway, in the Europe region.
How does Credo Gruppen make money?
Three revenue lines are on record. Residential Property Sales are the primary driver. The others are commercial Property Management and Rental and residential Property Rental.
Who are Credo Gruppen's main competitors?
Regional players on record are Bonava and Snekkern Andersen / regional Innlandet builder. Broad incumbents are OBOS, Veidekke Entreprenør and AF Gruppen. Direct peers are OBOS Block Watne (combined reference) — replaced with Malling & Co, JM Norge, Selvaag Bolig, Betonmast Boligbygg and Block Watne.
Does Credo Gruppen have an API?
No public API is recorded for Credo Gruppen.
What industry is Credo Gruppen in?
Credo Gruppen's product category is Residential Real Estate Development. Its primary akta.pro industry code is BPAJAMAB, Commercial Real Estate Asset Management. Its NAICS code is 53131 and its SIC code is 6532.