Linstow
Linstow is a Norwegian real estate company that owns, develops, and manages commercial, healthcare, hotel, and residential properties across Norway and the Baltic states. It operates as a wholly owned subsidiary of A. Wilhelmsen AS.
- Company typePrivate
- Founded1990
- HeadquartersOslo, Norway
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Linstow does
Linstow is a Norwegian real estate company that owns, develops, and manages properties across multiple segments including office, healthcare, hotel, retail, and residential. Founded in 1990 by Sparebank NOR to manage repossessed properties following the late-1980s financial crisis, the company was acquired by A. Wilhelmsen AS in 1999 and has since operated as a wholly owned subsidiary of the diversified Norwegian conglomerate. The portfolio spans Norway (headquartered in Oslo at Ullevålsveien 68) and the Baltic states (Latvia, Estonia, and Lithuania), with regional operations managed through Linstow Baltic SIA. The company serves enterprise corporate tenants, public and private healthcare providers, government entities, hotel operators, and residential development partners through major joint ventures.
The company's product portfolio includes office developments (Kronprinsens gate 9, Qvarteret), healthcare properties (Romerike Helsebygg, Helsehusene i Fredrikstad under the Linstow Helse sub-brand), hotel properties (Comfort Hotel Bergen Airport, Baltic hotels), the Sjøparken Agnes residential project in Stavern, and shopping centers. A distinguishing capability is the Building Health research initiative with SINTEF, which develops health-promoting urban development methodologies integrating health science into property development. The company targets BREEAM-NOR certification (minimum Very Good for offices, Excellent for other segments), Eco-Lighthouse certification across all Norwegian properties, Green Key certification for hotels, and ISO 14001 at Bergen Airport, supporting a 60% greenhouse gas footprint reduction target by 2030.
Linstow generates revenue through long-term rental income from owned properties, one-time development sales, and recurring hotel operations. Pricing is negotiated case-by-case with enterprise tenants through annual billing cycles. The company pursues major projects through strategic partnerships and joint ventures, notably LinRi Holding (50/50 with GC Rieber Eiendom in Bergen) and Agnes Utvikling AS (50/50 with Grendahl Holding for residential development). In 2025, operating revenues exceeded 2 billion NOK with pre-tax profit of 367 million NOK, supported by 1,200+ employees and 1.24 billion NOK invested during the year.
Linstow firmographics
Firmographics- Name
- Linstow
- Legal name
- Linstow AS
- Website
- https://linstow.no
- Company type
- Private
- Founded year
- 1990
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Linstow is a Norwegian real estate company that owns, develops, and manages commercial, healthcare, hotel, and residential properties across Norway and the Baltic states. It operates as a wholly owned subsidiary of A. Wilhelmsen AS.
- Ownership category
- akta.pro rank
Linstow industry classification
Industry- Product category
- Commercial Real Estate Development
- NAICS
- Real Estate Property Managers (53131), Real Estate and Rental and Leasing (53), Rental and Leasing Services (532)
- SIC
- Operators Of Nonresidential Buildings (6512), Real Estate Agents & Managers (For Others) (6531), Real Estate (6500)
- akta.pro primary industry
- Mixed-Use Property Management (BPAJAGAE)
- akta.pro secondary industries
- Healthcare & Senior Housing Real Estate Asset Management (BPAJAMAH), Residential Real Estate Asset Management (BPAJAMAA)
Keywords
Where Linstow is headquartered
LocationHeadquarters
- HQ city
- Oslo
- HQ country
- Norway
- HQ region
- Europe
Offices5 records
Markets served
Linstow business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Infrastructure, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Property Rental and Lease Income: Long-term rental income from office, healthcare, hotel, and retail properties owned and managed by Linstow across Norway and the Baltic region.
- Property Development Sales: Revenue from development and sale of residential and commercial properties, including joint ventures such as Sjøparken Agnes (50/50 with Grendahl Holding) and LinRi Holding (50/50 with GC Rieber).
- Hotel Operations: Revenue from hotel portfolio including Comfort Hotel Bergen Airport and properties in Riga and Vilnius, with occupancy rates of 73% and revenue growth of 15%.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Custom lease agreements for commercial office space |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Linstow product offering
Product offeringCore offering
Linstow owns, develops, and manages commercial and residential real estate across Norway and the Baltic states, covering office, healthcare, hotel, retail, and residential segments. The company provides integrated property services from acquisition and planning through construction, leasing, and ongoing facility management, with sustainability (BREEAM-NOR, Eco-Lighthouse) and health-promoting design as portfolio standards.
Product overview
Linstow is a Norwegian real estate company that owns, develops, and manages properties across Norway and the Baltic states. The company's portfolio spans multiple segments including office, healthcare, shopping centers, hotels, and residential properties. Core operations are organized under Linstow's main real estate services, with Linstow Helse serving as a dedicated sub-brand for healthcare property development and management. The company also conducts the Building Health research initiative with SINTEF focused on health-promoting urban development. Notable properties and projects include Romerike Helsebygg, Helsehusene i Fredrikstad, Sjøparken Agnes residential development, Qvarteret and Kronprinsens gate 9 office projects in Oslo, and Satekles Business Centre in Riga.
Differentiator
Problem solved
Functional benefit
Brands
- Linstow Helse: Healthcare property division developing and managing health centers that integrate public and private health-related services.
- Linstow Baltic
Products and services
- Linstow Core Real Estate Services Integrated property ownership, development, and management across office, healthcare, hotel, retail, and residential segments in Norway and the Baltic states, serving enterprise tenants, healthcare providers, and hotel operators.
- Linstow Helse Dedicated division developing and managing healthcare properties that integrate public and private health-related services, with facilities including Romerike Helsebygg and Helsehusene i Fredrikstad.
- Linstow Baltic hotel and shopping center portfolio Hotel and shopping center operations in Baltic capitals including Comfort Hotel Bergen Airport in Norway and international hotels in Riga and Vilnius, targeting 73% occupancy and 15% revenue growth in 2025.
- Sjøparken Agnes residential development Waterfront residential development in Stavern featuring apartments, townhouses, and seafront houses, developed in partnership with Grendahl Holding through Agnes Utvikling AS.
- Kronprinsens gate 9 office development Office building rehabilitation and expansion project in Vika, Oslo, targeting BREEAM-NOR Excellent certification with modern flexible workspaces for corporate tenants.
- Qvarteret office development New office building development in the upper Kvadraturen district of Oslo, near fully leased, with first tenants scheduled to move in 2027.
- Satekles Business Centre Office center completed in Riga, Latvia, in 2025, serving as SEB's new headquarters as part of Linstow's Baltic property portfolio.
- Den gamle Veterinærhøgskolen (Adamstuen) urban development Major urban development project at the former Norwegian School of Veterinary Science in Oslo, conducted in partnership with Oslobygg to create an open, vibrant city district, including a pilot circular urban furniture operating model with Vestre.
- Romerike Helsebygg Health center in Lillestrøm that brings together public and private healthcare services, serving as a hub for health-related activities and community services.
- Helsehusene i Fredrikstad
Quantifiable outcome
- Hotel occupancy rate of 73% and profitability 18% above pre-pandemic levels
- +2 more outcomes
Companies that use Linstow
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles4 records
Linstow technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Linstow partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered flagship, major, core and minor.
- VestreflagshipPilot collaboration testing circular operating model for urban furniture at Den gamle Veterinærhøgskolen on Adamstuen. Vestre provides furniture designed for long service life and easy repair while taking responsibility for maintenance phases. The project combines circular resource management with social inclusion.
- Unikum ASflagshipSocial enterprise owned by Kirkens Bymisjon and Oslo kommune, responsible for operation, repair, and ongoing maintenance of urban furniture at Adamstuen pilot project. Provides employment and inclusion opportunities for people facing barriers to the labour market.
- Strøm Gundersen (AF Gruppen)majorContractor agreement for rehabilitation, extension and vertical expansion of office building at Kronprinsens gate 9 in Vika, Oslo. Contract value of 284 million NOK (excl. VAT) as collaborative design-and-build contract. Project includes BREEAM-NOR Excellent certification targeting.
- Aktiv mot kreftcorePartnership with the foundation established in 2007 that works to integrate physical activity as part of cancer treatment and rehabilitation. Linstow becomes the first real estate company to become a corporate sponsor, supporting the organization's 24 Pusterom facilities at Norwegian hospitals and nearly 1000 AKTIV instructors.
- GC Rieber EiendomcoreStrategic partnership through LinRi Holding (50/50 joint venture) for properties at Damsgårdsveien 161-171 in Laksevåg, Comfort Hotel Bergen Airport, and Expo- and Midtbygget at Flesland. The transaction contributed over 200 million NOK to Linstow's annual results and establishes a platform for portfolio development with a strong local partner.
- VilMerminorPartnership for Hverdagstreffet initiative at Romerike Helsebygg, providing social activities for elderly in Lillestrøm three times weekly. VilMer coordinates activities and manages volunteers for the inclusive meeting place concept.
- OslobyggcoreCollaboration on development of Den gamle Veterinærhøgskolen (former Norwegian School of Veterinary Science) at Adamstuen. Partners are preparing a joint zoning plan for the next phase of development, aiming to create an open, vibrant urban district.
- SINTEFcoreResearch and innovation partnership on Building Health project - a research initiative exploring how urban development and buildings can promote health, physical activity, and social participation. The project is funded by Norges Forskningsråd under 'Innovation in the Industrial Sector' (IPN) and runs until April 2026. Researchers study Demenslandsbyen Carpe Diem and Center for kræft og sundhet in Copenhagen to develop knowledge-based concepts.
- Grendahl HoldingcoreJoint venture partner (50/50) in Agnes Utvikling AS for Sjøparken residential development in Stavern. The 250-decare waterfront area will include 600 diverse homes and 80,000 m² commercial space upon completion.
- Akershus FylkeskommunecorePublic-private collaboration since 2019 on joint zoning plan for bus terminal site and expansion of Romerike Helsebygg near Lillestrøm Station. Development encompasses 92,000 m² BRA distributed between health building expansion and bus terminal site, aligned with Innovasjonsdistriktet for Romerike NODE60.
Scale indicators12 records
Recent moves7 records
Expansion highlights6 records
Linstow competitors and assessment
Company assessmentDirect peers
- Entra ASA: Entra is a leading Norwegian commercial real estate company focused on office properties, particularly in the Oslo region. Linstow and Entra are direct co-investors through the OSU joint venture at Oslo S, and Entra is the most natural Norwegian office-peer benchmark for Linstow's portfolio.
- Olav Thon Eiendomsselskap: Olav Thon is one of Norway's largest privately held real estate groups with major office and retail exposure in Oslo and nationwide, plus selected Nordic holdings. Comparable to Linstow's mixed commercial approach (office, retail, hotels) and long-term family/conglomerate ownership model.
- Norwegian Property ASA: Norwegian Property owns and manages a portfolio of prime office buildings concentrated at Aker Brygge and Tjuvholmen in Oslo – directly overlapping Linstow's high-end Oslo office positioning. Both companies target institutional and enterprise tenants for premium office stock.
- Møller Eiendom: Møller Eiendom is a Norwegian commercial real estate company with a portfolio of office buildings concentrated in Oslo. Comparable to Linstow's Norwegian office strategy and a direct competitor for premium Oslo office tenants; relevant for benchmarking like-for-like market positioning.
Broad incumbents
- Castellum AB: Castellum is one of Sweden's largest commercial real estate companies spanning office, logistics, retail and mixed-use assets across the Nordics. Comparable scale and segment breadth to Linstow's Norwegian-Baltic portfolio and likewise pursuing sustainability/ESG certification across the portfolio.
- Heimstaden AB: Heimstaden is a major Swedish-headquartered residential real estate company operating across the Nordics and select European markets, with a long-term ownership culture akin to Linstow's Wilhelmsen backing. Both companies share patient-capital ownership and a multi-segment Nordic strategy, though Heimstaden is far larger and focused on residential.
Regional players
- Selvaag Bolig ASA: Selvaag Bolig is one of Norway's largest residential developers, focused on Oslo and greater Norway. Comparable to Linstow's residential development ambitions (e.g., Sjøparken Agnes) and Norwegian footprint, though Linstow's residential is a smaller piece of a broader mixed-use strategy.
- Baltic Horizon Fund (NHCT): Baltic Horizon is a Nasdaq Tallinn-listed closed-end real estate fund focused on commercial assets in the Baltic capitals (Tallinn, Riga, Vilnius). Directly competes with Linstow Baltic for institutional tenants in Riga and Tallinn and operates in the same retail/office micro-markets.
Emerging players
- Citycon Oyj: Citycon is a Finnish-listed owner and developer of shopping centers across the Nordics and Baltics. Comparable to Linstow Baltic's shopping center holdings in Riga and Tallinn, with overlapping Baltic tenant relationships and retail-real-estate operating model.
- Pandox AB: Pandox is a Swedish hotel property company owning and managing hotel real estate across the Nordics and Europe. Comparable to Linstow's Baltic and Bergen hotel operations (Comfort Hotel Bergen Airport, Riga and Vilnius assets) and hotel asset strategy, though with a more focused hotel mandate.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Linstow social profiles
Digital presenceLinstow compliance and trust
Trust signalCompliance4 records
Linstow financial estimates
Financial estimateRevenue estimate
Valuation estimate
Linstow leadership team
Management profileNumber of profiles
Profiles10 records
Linstow subsidiaries and ownership
Company hierarchySubsidiaries4 records
Linstow funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Linstow 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 Linstow
What does Linstow do?
Linstow owns, develops, and manages commercial and residential real estate across Norway and the Baltic states, covering office, healthcare, hotel, retail, and residential segments. The company provides integrated property services from acquisition and planning through construction, leasing, and ongoing facility management, with sustainability (BREEAM-NOR, Eco-Lighthouse) and health-promoting design as portfolio standards.
Is Linstow a public or private company?
Linstow is a private company. It is classified as corporate owned and is currently operating.
When was Linstow founded?
Linstow was founded in 1990. It employs 501 to 1,000 people.
Where is Linstow based?
Linstow is headquartered in Oslo, Norway, in the Europe region.
How does Linstow make money?
Three revenue lines are on record. Property Rental and Lease Income is the primary driver. The others are property Development Sales and hotel Operations.
Who are Linstow's main competitors?
Direct peers on record are Entra ASA, Olav Thon Eiendomsselskap, Norwegian Property ASA and Møller Eiendom. Broad incumbents are Castellum AB and Heimstaden AB. Regional players are Selvaag Bolig ASA and Baltic Horizon Fund (NHCT). Emerging players are Citycon Oyj and Pandox AB.
Does Linstow have an API?
No public API is recorded for Linstow.
What industry is Linstow in?
Linstow's product category is Commercial Real Estate Development. Its primary akta.pro industry code is BPAJAGAE, Mixed-Use Property Management, with a secondary code of BPAJAMAH, Healthcare & Senior Housing Real Estate Asset Management. Its NAICS code is 53131 and its SIC code is 6512.