Mustad Næringspark

What Mustad Næringspark does

Mustad Næringspark is a privately held Norwegian commercial real estate operator headquartered in Gjøvik, Innlandet County. The company rents office, warehouse, and light production space across a portfolio of four named properties — the flagship Mustad Næringspark site on Raufossvegen 40, Bright House in central Gjøvik (3,000 sqm, 15 tenants), Åmodt in Hunndalen (7,000 sqm, 13 tenants), and Støperiet near the Gjøvik transit hub (5,000 sqm, 10 tenants) — serving more than 80 tenant organizations and over 900 end-user employees. Tenants span government (Statens vegvesen), higher education (NTNU Department of Design, ~350 students), healthcare (Sykehuspartner HF, Helse INN, Evidia), engineering (Sweco, 10+ year tenure), industrial technology (Dolphitech), and SMB services, with pricing ranging from cell offices at NOK 6,400/month to 600 sqm warehouses.

Revenue is generated primarily through recurring monthly and multi-year commercial leases (subscription_recurring model), supplemented by ancillary streams including meeting room rentals (free to tenants, paid externally), parking (NOK 15/hour visitor rate), canteen operations (Kafé Kroken, Bright Café), an on-site SIT Trening fitness center, and a recreational zone (Mustad Play). Distribution is direct via the company website (mustadnaeringspark.no), property viewings, and inbound inquiries — no broker channel is used. The asset base carries deep industrial heritage: the site was part of O. Mustad & Søn, founded in 1832 and once the world's largest fish-hook producer; the real estate business was spun off as a separate entity in 2004 and the manufacturing operation sold in 2011. Operationally the company runs with a lean team of 8 employees led by Managing Director Henning Jørgentvedt.

In March 2025, after a 14-year municipal planning process, Mustad secured approval of a new regulatory plan enabling 90,000 sqm of new construction — a transformational capacity expansion that, alongside the recent launch of student apartments (Vaktmesterboligen, completion summer 2025) and ongoing tenant mix diversification into education and technology, positions the firm for a multi-year expansion phase. Core technology is limited to property management and meeting-room booking systems; there is no evidence of proprietary AI/ML capability. The operating footprint is strictly regional — Innlandet County, Norway — with no disclosed geographic expansion plans.

Name

Mustad Næringspark

Legal name

Mustad Næringspark

Website

https://mustadnaeringspark.no

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

Mustad Næringspark is a privately held Norwegian commercial real estate operator in Gjøvik, renting office, warehouse, and light production space across four properties to 80+ tenants (government, education, healthcare, engineering, SMBs), with 90,000 sqm of new construction approved in 2025.

Ownership category

akta.pro rank

Headquarters

HQ city

Gjøvik

HQ country

Norway

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Commercial Property Rental: Rental income from leasing office spaces, warehouses, and light production facilities to businesses of various sizes. Properties include Mustad Næringspark, Bright House, Åmodt, and Støperiet.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Mustad Næringspark rents commercial and business property including office spaces, warehouses, light production facilities, and shared workspaces in and around Gjøvik and Hunndalen, Norway. The portfolio comprises four main properties (Mustad Næringspark, Bright House, Åmodt, and Støperiet) hosting over 80 tenants, supplemented by on-site amenities such as cantines, meeting rooms, a fitness center, and parking facilities.

Product overview

Mustad Næringspark is a commercial real estate management company operating a property portfolio consisting of three main locations: Mustad Næringspark (the flagship property with offices, warehouses, light production, and educational spaces), Bright House (a historic building in central Gjøvik with flexible offices and meeting facilities including Bright Café and Bright Works), Åmodt (a property in Hunndalen), and Støperiet (a centrally located property near Gjøvik sentrum). The portfolio includes over 80 tenants with over 900 employees. The company supplements its core property offerings with ancillary services including Kontorhotellet (shared office hotel), cell offices, meeting room rentals (free for tenants), two cantines (Kafé Kroken and Bright Café), SIT fitness center, Mustad Play recreation zone, and parking facilities managed via the Parklys app. Properties can be customized for tenant needs, with options for new construction or renovation of existing spaces.

Differentiator

Problem solved

Functional benefit

Products and services

• Mustad Næringspark (Main Property) The main commercial real estate property offering office, warehouse, light production, storage, and educational spaces with amenities including two cantines, meeting rooms, fitness center, and parking facilities. Located at Raufossvegen 40, Gjøvik.
• Bright House A historic commercial building in central Gjøvik offering flexible office spaces, cantine facilities, and rentable meeting rooms. Houses 15 tenants across 3,000 sqm and features Bright Café and Bright Works workspaces. Named after the 'brighting' process where fish hooks were polished.
• Åmodt A commercial property located centrally in Hunndalen near Rv4 and Rema 1000. Offers spaces for lease with good infrastructure agreements and free parking. Houses 13 tenants across 7,000 sqm, located 2 km from Gjøvik city center.
• Støperiet The most centrally located property in Gjøvik near Gjøvik Gård, Mjøsstranda, and the transportation hub. Features approximately 1,800 sqm across two floors with elevator and district heating. Houses 10 tenants across 5,000 sqm with good parking capacity and short walk to city center, bus and train connections.
• Kontorhotellet (Office Hotel) Shared office space offering fixed office rentals in a professional community setting, with access to meeting rooms, kitchen facilities, and free parking. Designed for businesses seeking turnkey office solutions.
• Cellekontor i Kontorfellesskap (Cell Office in Office Community)

Quantifiable outcome

• Approved regulatory plan for 90,000 sqm of new construction after 14 years of planning

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered minor and core.

• Byggservice Innlandet ASminorImplementation/ SI/ Consulting Partner · 1 February 2025Construction partner for renovation of 'Vaktmesterboligen' property, converting it into 3 student apartments scheduled for completion summer 2025.
• Svanen Service AScoreImplementation/ SI/ Consulting Partner · 1 April 2024Cleaning services provider managing professional cleaning for Mustad Næringspark and tenants since April 2024. 19 total employees, 6 dedicated to the park. Provides janitorial services as part of property management offering.
• SIT TreningcoreStrategic or Co-development Partner · 1 October 2023SIT operates an 800 sqm modern fitness center in Mustad Næringspark. Facility includes strength and personal training zones, two group training rooms, and modern locker rooms. Available to all tenants in the park.
• NTNU - Institutt for designcoreStrategic or Co-development Partner · 1 January 2019Norwegian University of Science and Technology Department of Design has operated at Mustad Næringspark since 2019. Approximately 20 employees and 350 students. Offers study programs in interaction design, graphic design, and web development. Annual graduation exhibitions held in Bright Café.
• Kafé KrokencoreStrategic or Co-development PartnerOn-site cafeteria with outdoor seating areas. Operated as part of Mustad Næringspark amenities for tenants and visitors.
• Bright CafécoreStrategic or Co-development PartnerCafé and meeting venue located in Bright House. Hosts events up to 100 people, serves as venue for graduation exhibitions and women's day celebrations.
• Elise GegauffminorStrategic or Co-development PartnerArtist from University of the Arts London who created 15-meter mural at Mustad Play gaming zone. Inspired by Mustad's history and industrial environment along Hunnselva river.
• FNs BærekraftsmålminorStrategic or Co-development PartnerAlignment with UN Sustainable Development Goals 3 (Health), 8 (Decent work), 9 (Innovation), 12 (Responsible consumption), 13 (Climate action), and 17 (Partnerships) guiding sustainability strategy.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Fabege AB: Fabege is a Swedish office-focused CRE company concentrated in the Stockholm region. It is comparable to Mustad Næringspark as a Nordic office landlord serving corporate, public-sector and SME tenants.
• NCC Property Development: NCC Property Development develops and operates Nordic commercial properties including office parks and mixed-use estates. Its combination of office, light-industrial and amenity space is structurally comparable to Mustad Næringspark.
• Norwegian Property ASA: Norwegian Property ASA owns and manages a portfolio of commercial office properties in Norway, primarily in Oslo. Comparable to Mustad Næringspark as a Norwegian CRE landlord with multi-tenant recurring rental income.
• Entra ASA: Entra ASA is a leading Norwegian commercial real estate company focused on office properties leased to public-sector, educational and corporate tenants. It is a direct functional peer to Mustad Næringspark in Norwegian office leasing.
• Kungsleden AB: Kungsleden is a Swedish commercial real estate company that owns and manages office, industrial and mixed-use properties. It mirrors Mustad Næringspark's Nordic CRE landlord model serving diversified office and light-industrial tenants.
• Castellum AB: Castellum is one of the largest listed Nordic CRE companies, with offices, logistics and light-industrial properties across Sweden. Its multi-asset Nordic landlord model is comparable to Mustad Næringspark's office, warehouse and light production portfolio.

Broad incumbents

• Olav Thon Gruppen: Olav Thon Gruppen is one of Norway's largest privately-held real estate groups, with commercial and residential assets nationwide. It is a broad incumbent in Norwegian CRE that sets a strategic and capital benchmark for regional operators like Mustad Næringspark.
• Heimstaden AB: Heimstaden is a major Nordic residential and commercial real estate group operating across Sweden, Norway and Europe. As a broad Nordic incumbent, it sets a capital cost and strategic benchmark for smaller regional operators like Mustad Næringspark.

Regional players

• Wihlborgs Fastigheter AB: Wihlborgs is a Swedish regional office landlord focused on the Öresund area. While geographically distinct, its model of operating a regional office portfolio for SME, corporate and public-sector tenants mirrors Mustad Næringspark's Gjøvik-focused approach.

Emerging players

• Catena AB: Catena is a Swedish logistics and warehouse-focused CRE company. While Mustad Næringspark is primarily office-led, Catena is a useful peer for the warehouse and light-industrial portion of Mustad's multi-use portfolio.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/mustadnaeringspark
• Instagraminstagram.com/mustad_naeringspark

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Næringspark