Aker Property Group

What Aker Property Group does

Aker Property Group is a Norwegian real estate firm headquartered at Lysaker (Fornebu, Bærum) and operating as a wholly-owned subsidiary of Aker ASA, the industrial investment vehicle controlled by Kjell Inge Røkke. The firm runs three integrated business lines: property development (residential, hotel, and office projects including the 65,000 sqm Fornebuporten and the 32,500 sqm Aker Tech House); full-service property management delivered through wholly-owned operating subsidiaries FP Drift AS (technical operations, fire protection, project management) and FP Soft Service AS (facility services, co-working, catering, retail at Fornebuporten); and strategic investment in Nordic real estate companies, including 7.5% of Sveafastigheter AB, 8.63%/28.76% voting in SBB, 26% of Veslefrikk, and 33.84% of Public Property Invest ASA, providing exposure to assets with gross property value exceeding NOK 100 billion.

The company's economic model combines recurring rental income from directly owned commercial and residential properties at Fornebu, project-based development margins on residential and office builds, and equity-method income from its listed minority stakes. All new buildings are planned to be BREEAM certified, embedding sustainability differentiation into the development pipeline. Tenants span oil and gas, renewables, construction, technology, and major international non-profits; residential exposure is rent-regulated via Sveafastigheter in Sweden and social infrastructure via SBB and PPI across the Nordics.

Go-to-market is enterprise, relationship-based: direct leasing with corporate tenants, strategic partnerships with portfolio companies, and brand leverage from the Aker ASA parent. Geographic footprint covers Norway, Sweden, Finland, Denmark, and the United Kingdom. Recent strategic posture (2024-2025) is one of aggressive capital deployment — divesting the Lily Country Club operating company to Strawberry in August 2024 and acquiring stakes in four Nordic real estate companies during 2025 — culminating in the November 2025 announcement to assemble the largest listed social infrastructure real estate platform in Europe.

Name

Aker Property Group

Legal name

Aker Property Group

Website

https://akerproperty.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Aker Property Group is a Norwegian real estate firm and wholly-owned subsidiary of Aker ASA that develops, owns, and manages commercial and residential property in Norway while holding strategic minority stakes in Nordic listed real estate companies across Sweden, Finland, and Denmark.

Ownership category

akta.pro rank

Product category

Commercial Real Estate

NAICS

Nonresidential Property Managers (531312), Lessors of Real Estate (5311), Lessors of Other Real Estate Property (53119)

SIC

Real Estate Operators (No Developers) & Lessors (6510), Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

akta.pro secondary industries

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE), Residential Real Estate Asset Management (BPAJAMAA), Property Management Advisory & Leasing Administration (FSAEAJAN)

Keywords

• Commercial real estate development
• Property management services
• Real estate investment
• Social infrastructure property
• Residential property development

Headquarters

HQ city

Lysaker

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property Development: Developing properties from land acquisition to completion of residential, hotel and office projects. Focus on cultivating thriving communities rather than merely constructing buildings.
2. Property Management: Managing industrial properties, commercial properties and hotels through subsidiaries including FP Drift AS, FP Service AS, and Lily Akerkvartalet AS. Full-service provider in real estate operations and hospitality.
3. Strategic Real Estate Investments: Active investor in other real estate companies—both listed and unlisted—to strengthen portfolio and achieve diversified growth. Ownership stakes in Sveafastigheter AB (7.5%), Samhällsbyggnadsbolaget i Norden AB (8.63% share capital, 28.76% voting rights), Veslefrikk (26%), and Public Property Invest ASA (33.84%).

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Aker Property Group develops, owns, and manages commercial, residential, and social infrastructure real estate in the Nordics. It operates a full-service real estate platform spanning property development from land acquisition through project completion, ongoing property management and hospitality services via subsidiaries (FP Drift AS, FP Soft Service AS), and strategic investments in listed and unlisted Nordic real estate companies including Sveafastigheter AB, SBB, Veslefrikk, and Public Property Invest ASA.

Product overview

Aker Property Group operates as a Norwegian real estate firm offering an integrated platform of property development, property management, and real estate investment services. The core offering consists of developing properties from land acquisition through completion of residential, hotel, and office projects, complemented by full-service property operations and hospitality management through subsidiaries FP Drift AS and FP Soft Service. The company also maintains strategic investments in listed and unlisted real estate companies including Sveafastigheter AB (7.5% ownership), SBB (8.63% share capital/28.76% voting rights), Veslefrikk (26% ownership), and PPI (33.84% ownership), providing exposure to assets with gross property value exceeding NOK 100 billion. Notable developed properties include Fornebuporten (65,000 sqm office), Aker Tech House (32,500 sqm), and residential developments at Fornebuporten (450 units combined).

Differentiator

Problem solved

Functional benefit

Products and services

• Property Development End-to-end development of residential, hotel, and office properties from land acquisition through completion, targeting corporate tenants and residential occupants in the Nordic region.
• Property Management Full-service real estate operations and hospitality management for industrial properties, commercial properties, and hotels through subsidiaries including FP Drift AS, FP Soft Service AS, and Lily Akerkvartalet AS.
• Real Estate Investment Active and long-term real estate investment in both listed and unlisted Nordic real estate companies to strengthen portfolio and achieve diversified growth.
• Fornebuporten Office Development 65,000 sqm office building development at Fornebu, Norway, serving as a commercial real estate property for corporate tenants.
• Aker Tech House 32,500 sqm office building at Fornebu designed by Wingårdhs Arkitekter, developed by Aker Property Group as a commercial office property.
• Fornebuporten Bolig 1 Residential development consisting of 300 units at Fornebuporten, Fornebu, Norway.
• Fornebuporten Bolig 2 Residential development consisting of 150 units at Fornebuporten, Fornebu, Norway.
• Office Space for Rent Commercial office space available for rent at Fornebu, Norway, including units at John Strandudsvei 14 and Aker Tech House ranging from 1,500-3,000 sqm.
• FP Drift AS Property Operations Property management and operations subsidiary providing technical management, fire protection management, consulting assistance, and project management for properties at Fornebuporten.
• FP Soft Service Facilities Management Facility services operator for commercial real estate and co-working brand at Fornebuporten, offering catering, conference rooms, meeting rooms, shops, fitness centers, and health services.

Quantifiable outcome

• Gross property value exposure exceeding NOK 100 billion through strategic investments

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Entra ASA: Norwegian commercial real estate company specializing in prime office properties. Directly comparable to APG in Norwegian CRE focus and Fornebu/Oslo-area tenant base, though Entra is publicly listed and pure-play CRE.
• Fabege AB: Swedish CRE company focused on prime office properties in Stockholm. Comparable to APG's office development and management at Fornebu — both develop and hold premium sustainable office assets for corporate tenants.
• Norwegian Property ASA: Norwegian CRE company focused on prime office buildings in Oslo. Comparable to APG's commercial office portfolio at Fornebu and similar tenant mix of energy, tech, and professional services firms.
• KLP Eiendom: Norwegian real estate arm of KLP pension fund, focused on commercial and residential property in Norway. Comparable to APG's Norwegian commercial portfolio and long-term ownership philosophy.
• Public Property Invest ASA (PPI): Nordic leader in social infrastructure properties (police stations, courthouses, healthcare). Directly comparable as APG's 33.84%-owned investee and operates in identical social infrastructure asset class across Norway, Sweden, Finland.
• Samhällsbyggnadsbolaget i Norden AB (SBB): Nordic real estate company focused on social infrastructure and rent-regulated residential across Sweden, Norway, Finland, Denmark. Directly comparable as APG's largest investee and operates in identical asset classes; APG is also SBB's largest shareholder.

Broad incumbents

• Balder AB: Swedish real estate company with diversified Nordic and European property exposure. Comparable as a Nordic real estate operator/investor, though Balder is broader in geography and asset class than APG.
• Castellum AB: One of Sweden's largest listed real estate companies with diversified Nordic CRE exposure. Comparable to APG's diversified Nordic investment approach, though Castellum is a pure-play public REIT versus APG's hybrid developer-investor model.
• Vasakronan AB: Sweden's largest real estate company, owned by Swedish pension funds, focused on prime office, retail, and residential. Comparable to APG's Nordic CRE strategy and long-term institutional ownership model.
• Heimstaden AB: Major European residential real estate company with significant Nordic presence. Comparable to APG's residential exposure via Sveafastigheter stake, though Heimstaden operates at much larger scale and is publicly listed.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/fp-eiendom

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries7 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 Aker Property Group