Hydroparken

What Hydroparken does

Hydroparken AS is a Norwegian commercial real estate company that leases office, warehouse, and combined office/warehouse space within a UNESCO World Heritage-listed industrial park in Notodden, Telemark. The park consists of approximately 35 historic buildings constructed from 1905 onward, spanning roughly 45,000–60,000 sqm on 76–80 decares of land situated between Notodden town centre and Heddalsvannet, with a rail line running directly into the site. Hydroparken serves approximately 100 tenants across diverse industries, including hydrogen technology (Nel Hydrogen Electrolysers, 130+ employees on-site), healthcare (AlfaCare AS), professional services (ECIT Services), coworking startups (Nyby, PortalOne, MyProduction via Birkeland Skaperverksted in Building 55), and on-site business development organisations (NUAS, StartOpp, Telemark Næringshage, Proventia). Tenant spaces range from small offices (~70 workstations) to large multi-level warehouses (up to ~1,818 sqm).

The business operates a recurring subscription-style revenue model based on rental payments from long- and short-term lease agreements, with rates negotiated individually and not publicly disclosed. The company distributes available space through its own website (hydroparken.no), Finn.no marketplace listings, and referrals from on-site partners. Hydroparken AS is wholly owned by Bryn Eiendom AS (established 1969, Oslo), which acquired the site in 2010 and has since driven a long-term restoration programme under the principle of 'vern gjennom bruk' (preservation through use). Day-to-day operations are led by Managing Director Henriette Høva with a small in-house operations team of approximately 4–5 driftsteknikere under Operations Manager Torgeir Lia. The site is staffed by an in-house maintenance crew, hosts Stasjonen Café as an on-site amenity, and coordinates with Riksantikvaren and Notodden kommune on all exterior heritage work given the 2015 UNESCO listing.

Name

Hydroparken

Legal name

Hydroparken AS

Website

https://hydroparken.no

Company type

Private

Founded year

1905

Operating status

Operating

Headcount range

11–50 employees

Short description

Hydroparken AS is a Norwegian commercial real estate company leasing office, warehouse, and combined spaces across approximately 35 UNESCO World Heritage-listed industrial buildings (~60,000 sqm) in Notodden, Telemark, serving roughly 100 tenants across diverse industries.

Ownership category

akta.pro rank

Headquarters

HQ city

Notodden

HQ country

Norway

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. Commercial Real Estate Leasing: Rental income from leasing office, warehouse, and combined office/warehouse spaces to approximately 100 tenants across 35 historic industrial buildings. Tenants span diverse industries including industry, technology, healthcare, crafts, creative sectors, and professional services. Revenue is generated through recurring rent payments from long-term and short-term lease agreements.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Hydroparken AS is a commercial property park in Notodden, Norway, leasing office, warehouse, and combined office/warehouse spaces in approximately 35 historical industrial buildings spanning roughly 45,000–60,000 sqm to around 100 business tenants. The portfolio serves businesses of all sizes across industries including industrial production, technology, healthcare, crafts, creative sectors, and professional services, with property management handled by an in-house operations team of four technicians and a café (Stasjonen Kafé) on site.

Product overview

Hydroparken is a commercial real estate property park offering rental of office spaces, warehouses, and combined office/warehouse solutions. The portfolio includes flexible commercial spaces ranging from small offices (approximately 70 workstations) to large warehouses (up to approximately 1,818 sqm across multiple levels) in 35 historical industrial buildings spanning approximately 60,000 sqm. The property management services include building maintenance handled by an in-house operations team of 4 technicians. An on-site café (Stasjonen Kafé) provides meeting and dining facilities for tenants.

Differentiator

Problem solved

Functional benefit

Products and services

• Office Space Rental

Quantifiable outcome

• ~100 diverse tenants across 35 buildings, demonstrating sustained demand and occupancy
• +1 more outcomes

Named customers8 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

Seven partnerships are on record, tiered core and minor.

• Bryn Eiendom AScoreOthers · 1 January 2010Bryn Eiendom AS (part of Bryn Eiendom Group, established 1969) acquired Hydroparken in 2010. Bryn Eiendom is the largest owner and lessor of office premises in the Bryn area of Oslo and also owns two other large industrial properties (Rommen in Oslo and Bjerkås in Slemmestad). Bryn Eiendom drives the long-term investment, restoration, and development strategy for Hydroparken.
• Norsk Industriarbeidermuseum / VerdensarvsenteretcoreStrategic or Co-development PartnerHydroparken collaborates with Norsk Industriarbeidermuseum (Norwegian Industrial Workers' Museum) and the World Heritage Centre for the communication and preservation of Hydroparken and its exciting industrial history. The museum is involved in heritage interpretation and public engagement around the Rjukan-Notodden Industrial Heritage.
• Notodden kommunecoreStrategic or Co-development PartnerNotodden Municipality is a key partner, collaborating on events such as the 10-year anniversary of World Heritage status and 120th anniversary of Norsk Hydro's founding. The municipality is involved in the ongoing development and promotion of Hydroparken as a cultural and business destination.
• Telemark fylkeskommune (Telemark County Municipality)minorStrategic or Co-development PartnerTelemark County Municipality has provided financial support for Hydroparken's restoration projects, including rehabilitation work on heritage buildings. Eystein Andersen from the county has been cited as a key supporter of restoration efforts.
• Vernemyndighetene (Heritage authorities)coreStrategic or Co-development PartnerHydroparken works closely with heritage authorities (Riksantikvaren and local heritage bodies) to ensure that restoration and development projects are carried out in an archaeologically and architecturally correct manner. This collaboration is a prerequisite for all exterior work, given the World Heritage listing.
• Nel Hydrogen ElectrolyserscoreOthersNel Hydrogen Electrolysers is a major tenant in Hydroparken (Buildings 1 and 160). The company, which spun off from Norsk Hydro Elektrolysører, provides solutions for production, storage and distribution of hydrogen from renewable energy. Its roots trace directly to the hydrogen production that started in Hydroparken in the 1920s. Nel has grown from 28 to over 130 employees at the Notodden site (2018–2022).
• Stasjonen kaféminorOthersStasjonen kafé operates within Hydroparken, providing a café and meeting place for tenants and visitors. The train emerges behind the café, which serves as a natural gathering point for both colleagues and guests. Operated by a separate entity.

Scale indicators8 records

Recent moves1 record

Market position

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/hydroparken

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 Hydroparken