What Stor-Oslo Eiendom does

Stor-Oslo Eiendom AS is a privately held Norwegian property developer founded in 2001 by Arild Rygg and headquartered at Dronning Eufemias gate 16 in the Barcode district of Oslo. The firm operates a full-service development model covering the entire value chain from land acquisition, financing, and regulatory processing through planning, construction, marketing, and handover of residential and commercial properties. It serves individual residential buyers across the Oslo region (Østlandet) and commercial tenants in mixed-use ground-floor and standalone office/retail spaces, with a portfolio of approximately 5,500 residential units and approximately 150,000 square meters of commercial space under development across 23 active projects. The company is supported by long-tenured institutional shareholders (Joh. Johansson Eiendom AS, Møller Eiendom, Klaveness Marine AS, employees at approximately 25%) following a 2.4 billion NOK equity consolidation in December 2021 that valued the property portfolio at approximately 6.5 billion NOK.

The business is differentiated by a sustainability-led operating approach: all projects carry BREEAM-NOR certification with a Very Good ambition and are aligned with EU taxonomy requirements, construction sites are fossil-free, and the proprietary Reduzer tool targets at least a 20% reduction in greenhouse-gas emissions per project versus industry baseline, alongside an 85% construction-waste sorting requirement. The firm operates Stor-Oslo PropTech AS, a wholly-owned subsidiary that invests in PropTech startups such as Spacemaker (AI-based site optimization, partner since 2016) and Dimension 10, using its own development pipeline as a testing sandbox. Revenue is generated primarily through one-time residential unit sales at handover, recurring commercial leasing through its in-house property management team, and ancillary PropTech investment returns, with project-specific pricing negotiated directly with buyers and through real estate broker partnerships. Major recent landmarks include Munch Brygge in Bjørvika (winner of the Oslo Architecture Prize 2019), Intility Arena, and Meierikvartalet in Lillestrøm, alongside strategic acquisitions such as the Drammen Sykehus site for a guaranteed minimum 850 million NOK in December 2022.

Name

Stor-Oslo Eiendom

Legal name

Stor-Oslo Eiendom AS

Website

https://soeiendom.no

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Residential Building Construction (2361), Nonresidential Building Construction (2362)

SIC

Operative Builders (1531), General Bldg Contractors - Residential Bldgs (1520), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Residential property development
• Commercial property development
• Real estate development
• PropTech solutions
• Sustainable construction

Headquarters

HQ city

Björvika

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Residential property sales: Development and sale of residential units to individual buyers. Revenue is realized upon handover of completed apartments and housing units. The company maintains a portfolio of residential developments across the Oslo region.
2. Commercial property development and leasing: Development of commercial spaces and office buildings with ground-floor retail and business premises. Properties include approximately 150,000 kvm of commercial space under development, managed through their property management team.
3. PropTech investment returns: Stor-Oslo PropTech AS invests in startups (Spacemaker, Dimension 10) to develop innovative real estate technology solutions, generating returns through equity stakes and commercial partnerships.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Stor-Oslo Eiendom AS is a Norwegian real estate developer that develops residential housing and commercial real estate in the Oslo region. The company develops, owns, and sells residential units and commercial space, while also running a PropTech subsidiary focused on technology tools for the property sector.

Product overview

Stor-Oslo Eiendom is a leading Norwegian real estate developer offering property development services across the Oslo region. The core offering is eiendomsutvikling (real estate development) encompassing the entire value chain from land acquisition, planning, and construction to sales and delivery of residential and commercial properties. The company operates a portfolio of around 5,500 homes and 150,000 sqm of commercial space across approximately 23 projects. Through its subsidiary Stor-Oslo PropTech AS, the company invests in and develops technology solutions for the real estate industry, collaborating with startups like Spacemaker and Dimension 10. The company also utilizes tools like Reduzer for climate impact analysis as part of its sustainability focus.

Differentiator

Problem solved

Functional benefit

Brands

• Stor-Oslo PropTech: Technology development subsidiary investing in startup companies in the proptech space, focusing on smart and sustainable city development

Products and services

• Residential Housing Units Residential apartments and homes developed by Stor-Oslo Eiendom in the Oslo region, intended for individual home buyers; the company's portfolio comprises approximately 5,500 homes.
• Commercial Real Estate Space Office and commercial property developed and leased to businesses, with approximately 150,000 square meters of commercial space under development.
• Real Estate Development Projects A portfolio of 23 active property development projects across residential and commercial segments in the Oslo region.
• Stor-Oslo PropTech Solutions PropTech subsidiary offering technology tools and solutions for the real estate sector, including the Reduzer climate analysis tool.
• BREEAM-NOR Certified Buildings Sustainability-certified residential and commercial buildings developed under the BREEAM-NOR environmental standard.

Quantifiable outcome

• 20% reduction in greenhouse gas emissions per project compared to industry standard
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Stor-Oslo PropTech AScoreStrategic or Co-development Partner · 1 September 2021Stor-Oslo PropTech AS is a wholly-owned subsidiary established to develop and invest in real estate technology. The company invests in and partners with startups including Spacemaker and Dimension 10, offering them access to a portfolio of real development projects as a sandbox for testing and validating new PropTech solutions. Henrik Taubøll serves on the board, bringing extensive PropTech and real estate experience including leadership roles at WeWork Nordic and PropTech Norway.
• SpacemakercoreTechnology or Integration · 1 September 2021Spacemaker is an AI-based software company that Stor-Oslo Eiendom has partnered with since 2016, first as a research partner, later as a customer and investor. The collaboration has helped save three months in the regulatory phase, increase precision in site acquisition, and identify solutions for good residential and urban development quality on complex urban sites.
• Henrik TaubøllcoreOthersHenrik Taubøll joined the board of Stor-Oslo PropTech AS as an experienced PropTech leader with a background including roles as attorney, founder of Ung i Næringseiendom, leader of WeWork Nordic, and initiator of PropTech Norway network.
• Lund + Slaatto ArkitektercoreStrategic or Co-development PartnerAward-winning architecture firm that designed Munch Brygge in Bjørvika, developed by Stor-Oslo Eiendom. The project won the Oslo Architecture Prize 2019, with the jury praising both the architects and the developer's willingness to exceed the original brief.
• Grønn Byggallianse (Green Building Alliance)coreStrategic or Co-development PartnerStor-Oslo Eiendom has been a member of Grønn Byggallianse since 2013 and works actively with the organization to promote knowledge and practice for a more sustainable construction industry. The company reports on 20 immediate environmental measures developed by Grønn Byggallianse.
• Entra EiendomcoreStrategic or Co-development PartnerMajor early strategic partner from the company's founding in 2001. Entra commissioned Stor-Oslo to develop Postgirobygget and Høgskolen i Akershus (HiAk). The company also sold Konggata 51 in Drammen to Stor-Oslo in 2022. Long-standing relationship spanning over two decades.
• SJ Arkitekter (now AART)minorStrategic or Co-development PartnerArchitecture firm (now AART) that collaborated with Stor-Oslo Eiendom on multiple projects including Hans Christian Gjefles vei 3 terrace project.
• Realdnor Property Advisors ASminorChannel Partner/ Reseller/ DistributorReal estate broker advising on the Drammen Sykehus acquisition from Vestre Viken Helseforetak.
• BNM Realist Næringsmegling ASminorChannel Partner/ Reseller/ DistributorReal estate broker advising on the Drammen Sykehus acquisition from Vestre Viken Helseforetak.
• Haavind ASminorImplementation/ SI/ Consulting PartnerLegal advisors to the seller (Vestre Viken Helseforetak) in the Drammen Sykehus transaction.
• DLA Piper ASminorImplementation/ SI/ Consulting PartnerLegal advisors to Stor-Oslo Eiendom (buyer) in the Drammen Sykehus acquisition.
• Vestre Viken HelseforetakcoreStrategic or Co-development PartnerHealth authority selling the Drammen Sykehus site and surrounding land (57 mål) to Stor-Oslo Eiendom for transformation into a new urban district with approximately 1,100 new residential units. The health authority continues operating the hospital until the new hospital on Brakerøya is completed (estimated 2026).

Scale indicators19 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Bonava: Nordic residential developer (Swedish, with significant Norwegian operations). Comparable as a project-based for-sale homebuilder targeting urban infill and sustainable housing across the Nordics.
• OBOS: Norway's largest housing cooperative and residential developer with major Oslo operations. Directly comparable as a high-volume residential developer serving individual buyers in the Oslo region, though at much larger scale.
• JM AB: Sweden's largest residential developer, primarily focused on Nordic urban housing. Comparable in business model (land acquisition → development → unit sales) and Nordic urban focus, though operating at larger scale.
• Malling & Co: Norwegian commercial real estate advisor and developer focused on Oslo. Overlapping institutional-grade commercial and mixed-use development activity, with similar focus on prime urban locations.
• Entra ASA: Norwegian commercial real estate developer and owner, headquartered in Oslo. Stor-Oslo's earliest partner and key counterparty for landmark projects (Postgirobygget, HiAk, Konggata 51), with deeply overlapping Oslo-region development focus.
• Selvaag Bolig: Oslo-headquartered residential property developer listed on Oslo Børs. Closely comparable on for-sale residential development in Greater Oslo, including overlap on the Mellomåsveien project (sold by Stor-Oslo to Selvaag).

Broad incumbents

• AF Gruppen: Norwegian construction and property group with Oslo commercial and residential exposure. Comparable as a broader construction and development incumbent operating across multiple property segments.
• Veidekke: Major Norwegian construction and residential development conglomerate. Overlaps on Oslo-region residential development as a much larger broad incumbent, combining construction contracting with property development.
• Heimstaden: European residential real estate company with significant Nordic portfolio. Operates more as a long-term residential owner/operator than for-sale developer, but comparable as a major Nordic residential real estate player with capital scale Stor-Oslo aspires to.

Emerging players

• Aspelin Ramm: Norwegian residential and commercial property developer with strong Oslo focus. Comparable as a mid-sized Norwegian developer pursuing urban mixed-use projects with sustainability focus, directly competing for similar land and buyers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/stor-oslo-prosjekt

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries4 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 Stor-Oslo Eiendom