What Micasa does

Micasa AS is a privately held Norwegian commercial real estate company founded around 2004–2005, headquartered in Tønsberg. The company acquires, develops, leases, and sells commercial properties — offices, retail spaces, restaurants, and parking — concentrated in the Eastern Norway region (Vestfold, Buskerud, and Telemark counties).

The company's core offering comprises three lines: (1) commercial property rental (Næringslokaler) covering over 50,000 m² across a portfolio of 14 properties; (2) purchase and sale of commercial real estate (Kjøp & salg); and (3) property development projects. Flagship assets include Stasjonen Tønsberg, a 6,600 m² BREEAM-certified mixed-use complex near the Tønsberg train station, Olavs (Storgaten 17), a BREEAM-certified office building launched in 2025, and Handelsbygg på Kilen, a 2,300 m² retail building under construction since 2024. The company explicitly does not develop proprietary technology; its differentiation rests on regional presence, sustainability credentials, and flexible, customized leasing.

Revenue is generated primarily through recurring lease income on owned/managed commercial space, supplemented by episodic property sales. Pricing is contact-based and not publicly disclosed. The customer base is a mix of enterprise and SMB tenants across diverse industries — including insurance (Tryg Forsikring), technology (Infobric), transportation (Unibuss), media (Tønsbergs Blad), retail (Europris, Holdbart, Musti), coworking (Evolve), dental (Colosseum Tannleger), and architecture (Spir Arkitekter). Distribution is regional and direct, via the company website, Finn.no marketplace listings, and a small in-house sales team (1–10 employees). The business is founder/owner-managed by Group CEO Steinar Krüger, with no disclosed institutional investors, parent company, or external funding.

Name

Micasa

Legal name

Micasa AS

Website

https://micasa.no

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

Micasa AS is a privately held Norwegian commercial real estate company that develops, leases, and sells commercial properties across the Vestfold, Buskerud, and Telemark regions, managing over 50,000 m² across 14 properties for enterprise and SMB tenants.

Ownership category

akta.pro rank

Headquarters

HQ city

Tønsberg

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Commercial Property Rental: Micasa generates revenue through leasing commercial properties including office spaces, retail locations, and restaurants to businesses. They manage over 50,000 m² of commercial real estate across multiple properties in the Vestfold, Buskerud, and Telemark regions.
2. Property Sales: Micasa buys and sells commercial real estate, including buildings, sections, and parking spaces. They position themselves as a solid real estate company with healthy finances and long-term approach.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Micasa AS is a Tønsberg-based commercial real estate company that owns, develops, leases, and sells commercial properties across the Vestfold, Buskerud, and Telemark regions of Norway. The company manages over 50,000 m² of commercial real estate across 14 properties, offering offices, retail spaces, restaurants, and mixed-use developments to business tenants, with additional property sales and development services.

Product overview

Micasa is a commercial real estate company offering a unified platform of property services for businesses. The portfolio comprises core offerings of commercial property rental (næringslokaler), purchase and sale services (kjøp & salg), and property development projects. Key properties include Stasjonen Tønsberg (a multi-use complex with 6,600 m2 of restaurant, bar, and office space), Olavs/Storgaten 17 (BREEAM-certified modern offices), and Handelsbygg på Kilen (new 2,300 m2 retail building under development). Properties span Tønsberg, Sandefjord, Drammen, and Skien regions with over 50,000 m2 under management.

Differentiator

Problem solved

Functional benefit

Brands

• Stasjonen: Restaurant and venue at Tollbodgaten 22, Tønsberg, operated separately from Micasa's property management business.

Products and services

• Commercial Property Rental (Næringslokaler til leie)

Named customers15 records

Segments2 records

Ideal customer profiles2 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.

• Kirkens Bymisjon (I Jobb Tønsberg)minorOthers · 1 January 2015Two-year collaboration with Kirkens Bymisjon supporting the 'I Jobb' project which helps disadvantaged people find work. Part of Micasa's community responsibility initiative.
• Erikstad Sailing TeamminorOthersSupport for Bjørnar Erikstad in Erikstad Sailing Team pursuing Paralympic goals.
• FoynhagenminorOthersProud sponsor of Foynhagen, a green concert venue at Tønsberg Brygge.
• DS KystenminorOthersSupport for restoration of the historic steamship built in 1909, operating in Tønsberg archipelago.
• Flint TønsbergminorOthersSports club sponsorship supporting football, handball, volleyball and athletics. Focus on youth development.
• TjenestehundeneminorOthersSupport for training of service dogs for police, narcotics, bomb detection, cadaver search, and firefighting.
• NatteravneneminorOthersSupport for neighborhood safety organization creating safe environments for children and youth.
• Tønsberg kommunecoreStrategic or Co-development PartnerJoint regulatory project for Skipsgateplassen development. Micasa and Tønsberg municipality are collaborating on the regulation of the Nedre Langgate, Tollbodgaten, Storgaten and Møllergaten quarter.

Scale indicators4 records

Recent moves4 records

Expansion highlights5 records

Direct peers

• Entra ASA: Entra ASA is a publicly listed Norwegian commercial real estate company focused on office properties, with a portfolio of over 1.4 million m². Directly comparable as a Norwegian CRE owner/lessor targeting business tenants in similar office and mixed-use asset classes, though at far larger scale.
• Malling & Co: Malling & Co is a Norwegian commercial real estate advisory and transaction firm serving the same eastern Norway markets as Micasa. Comparable for its regional focus, CRE advisory capability, and overlapping tenant base in the Vestfold/Oslo corridor.
• Rom Eiendom: Rom Eiendom (formerly NSB Eiendom) is a Norwegian commercial real estate company focused on station-area and urban commercial properties. Comparable as a regional CRE owner with similar urban office and retail focus and an eastern Norway footprint.

Regional players

• Castellum: Castellum is one of Sweden's largest listed commercial real estate companies with a Nordic-focused portfolio of offices and logistics. Comparable as a Nordic CRE peer with similar office and logistics property focus, but operating primarily in Sweden rather than Norway.
• Fabege: Fabege is a Swedish listed commercial real estate company focused on office properties in the Stockholm region. Comparable as a Nordic CRE owner specializing in office properties at scale, but operating primarily in Sweden rather than Norway.

Broad incumbents

• OBOS: OBOS is a major Norwegian cooperative housing and real estate group with a growing commercial real estate portfolio alongside its residential base. Comparable as a Norwegian real estate owner with diversified holdings including commercial assets in eastern Norway.
• KLP Eiendom: KLP Eiendom is one of Norway's largest institutional real estate investors with a diversified portfolio of office, retail, and hotel properties. Comparable as a major Norwegian CRE owner with institutional scale and disciplined asset management.
• DNB Næringseiendom: DNB Næringseiendom is DNB Bank's commercial real estate arm, providing financing and direct ownership in Norwegian CRE. Comparable as a major institutional CRE participant active in the same Norwegian market segments.
• Olav Thon Gruppen: Olav Thon Gruppen is one of Norway's largest privately held real estate groups with extensive commercial and retail property holdings across Norway and Sweden. Comparable as a Norwegian CRE owner/lessor with a much broader and deeper portfolio than Micasa.
• Ferd Eiendom: Ferd Eiendom is the real estate arm of the Norwegian Ferd Group, focused on commercial properties primarily in eastern Norway. Comparable as a privately held Norwegian CRE owner with a similar regional focus and multi-asset portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/micasaeiendom
• Facebookfacebook.com/micasaeiendom
• LinkedInlinkedin.com/company/micasaeiendom

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Micasa