Orkla Real Estate

What Orkla Real Estate does

Orkla Real Estate (legal name: Orkla Eiendom AS) is a Norwegian property development and management company that operates as a wholly-owned subsidiary of Orkla ASA, the publicly-listed Norwegian industrial conglomerate. The company manages, develops, and realizes real estate primarily released from Orkla Group's operations, and additionally provides specialized real estate expertise to other Orkla subsidiaries. Its portfolio spans commercial office assets (notably Orkla House, a 24,000 m2 BTA headquarters completed in February 2019, and Drammensveien 151, a 16,000 m2 BTA office building), heritage office properties (the Sofienlund complex including a circa-1813 heritage-protected farmhouse), and a pipeline of residential developments including Sofienlunden (12 units, 2019), Sandakerveien 56/Torshovhøyden (~130 units, JV with Macama Invest), Denja Hage in Larvik (73 units, JV with Finansgruppen Eiendom), and the planned Kexstaden mixed-use project (~84,000 m2) in Sweden. Recent acquisitions of Miera 22 and Artilerijas 55 in July 2025 mark expansion into the Baltic market. The company is staffed by a lean team of approximately 15 employees including Managing Director, CFO, Project and Development Director, and specialized property/facility/accounting managers, with most development work executed via joint ventures and external project-management partners.

The business model is transaction- and asset-based: revenue is generated through one-time sales of developed residential units (marketed via project-specific websites such as torshovhoyden.no, denjahage.no, and kexstaden.se), ongoing rental income from leased commercial and heritage office properties (with commercial space marketed via finn.no), and ancillary services to Orkla Group companies. Go-to-market is sales-led and relationship-driven rather than platform-led, with internal Orkla Group demand anchoring baseline occupancy and external property buyers providing diversification. No AI/ML capabilities, digital platform, or proprietary technology stack is evident — the differentiators are capital backing from Orkla ASA, heritage-property expertise, and Orkla brand credibility accumulated over 80+ years of real estate activity since 1941.

Customers are a mix of internal Orkla Group usage (Orkla ASA occupies Orkla House as its headquarters), small retail tenants within Orkla properties (Define Frisør, Cafe D, Sofienlund Spiseri), fully-leased heritage office tenants at Sofienlund, and external residential buyers across Norwegian (Oslo, Larvik) and Swedish (Kungälv) markets. Strategic concentration on Orkla Group as the anchor tenant-customer makes the entity highly dependent on parent-group strategy, while the residential development pipeline and Baltic acquisitions suggest measured, JV-enabled expansion of addressable market.

Name

Orkla Real Estate

Legal name

Orkla Eiendom AS

Website

https://orklaeiendom.no

Company type

Private

Founded year

1941

Operating status

Operating

Headcount range

1–10 employees

Short description

Orkla Real Estate (Orkla Eiendom AS) is a Norwegian property development and management firm, wholly owned by Orkla ASA, that develops and manages real estate — primarily released from Orkla Group's operations — including commercial offices, heritage properties, and residential projects in Norway, Sweden, and the Baltics.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Lessors of Real Estate (5311), Lessors of Other Real Estate Property (53119)

SIC

Real Estate Dealers (For Their Own Account) (6532), Lessors Of Real Property, Nec (6519), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support) (BPAJANAC)

akta.pro secondary industry

Real Estate M&A / Joint Venture Advisory (Platform Deals, Partnerships) (BPAJANAF)

Keywords

• Real estate development
• Property management
• Residential development
• Commercial property leasing
• Mixed-use development

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property Development and Sales: Orkla Real Estate develops and sells residential and commercial properties, primarily from Orkla's own real estate portfolio. Revenue is generated through the sale of developed properties (one-time transaction-based revenue) and ongoing property management services.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Orkla Real Estate (Orkla Eiendom AS) is the real estate arm of the Orkla Group, focused on the investment, development, and sale of properties originating primarily from Orkla's own operations. The company develops residential apartments, commercial office space, and mixed-use projects, while also providing specialist real estate expertise to Orkla Group companies and managing the group's property portfolio across Norway and Sweden.

Product overview

Orkla Real Estate is a property development and investment company focused on managing, developing, and realizing real estate from Orkla's operations. The company operates a portfolio of commercial and residential properties in Norway and Sweden, including completed properties (Orkla House headquarters, Sofienlunden residential, Sofienlund heritage property, Drammensveien 151 office building) and ongoing projects (Kexstaden mixed-use in Sweden, Denja Hage residential in Larvik, Sandakerveien 56/Torshovhøyden residential in Oslo). The company's strategy centers on real estate development and property management for Orkla's corporate needs while also developing properties for sale.

Differentiator

Problem solved

Functional benefit

Products and services

• Orkla House Approximately 24,000 m2 BTA headquarters building on Skøyen in Oslo, featuring 5 to 16 floors, housing Orkla's main office along with retail and food service tenants.
• Sofienlunden Residential development of 12 owner-occupied three-room apartments centrally located on Skøyen, with units of 78–86 m2 BRA, balconies, up to 2.7m ceiling height, and access to a shared rooftop terrace.
• Sofienlund, Oslo Property complex at Drammensveien 155 on Skøyen consisting of three buildings: a circa 1813 empire-style farmhouse (270 m2, heritage-protected since 1924), a circa 1850 side building (351 m2), and a 2012 new building (500 m2), all fully leased for office use.
• Drammensveien 151, Oslo 5-story office building with 2 basement levels totaling approximately 16,000 m2 BTA centrally located on Skøyen in Oslo, featuring office spaces, an atrium with reception and lounge, canteen, gym, locker rooms, storage, and underground parking.
• Kexstaden Planned mixed-use development of approximately 84,000 m2 in Kungälv, Sweden, covering residential, office, and mixed commercial uses including a marina, cafes, and shops.
• Denja Hage, Larvik Residential development on the former Denja factories site in Larvik comprising 73 modern, energy-efficient apartments across 5 buildings on an approximately 11,900 m2 plot, developed in joint venture with Finansgruppen Eiendom AS.
• Sandakerveien 56 (Torshovhøyden) Residential project of approximately 130 apartments across 4 phases near the Akerselva river in Oslo, marketed as Torshovhøyden, with panoramic city views and units ranging from 2 to 5 rooms, jointly developed with Macama Invest AS (Orkla Eiendom 80% / Macama 20%).
• Property Management Services Specialist real estate management services provided to Orkla Group companies, covering office and operational facilities, facility management, contract management, accounting, and service management across Orkla's real estate portfolio.

Named customers4 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

Five partnerships are on record, tiered core and minor.

• Scandinavian Development AScoreStrategic or Co-development Partner · 1 February 2019Joint venture partner for Orkla House development. Scandinavian Development AS was responsible for project development of the 24,000 m2 BTA headquarters building for Orkla, completed February 2019. Also partnered for Sandakerveien 56 residential project.
• Constructive Development AScoreImplementation/ SI/ Consulting Partner · 1 February 2019Project management partner for Orkla House. Responsible for project management of the headquarters development. Also involved in Sandakerveien 56 project.
• Macama Invest AScoreStrategic or Co-development PartnerJoint venture partner for Sandakerveien 56 project with 20% ownership stake (Orkla Eiendom holds 80%). The project developed approximately 130 apartments in four phases.
• Arcasa ASminorOthersMentioned as project partner for Sandakerveien 56 residential development.
• Finansgruppen Eiendom AScoreStrategic or Co-development PartnerJoint venture partner for Denja Hage project in Larvik. The project involves converting a former food production facility into 73 modern apartments across 5 buildings.

Scale indicators3 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Entra ASA: Norwegian commercial real estate company focused on office properties in and around Oslo. Most directly comparable as a premium Oslo office landlord-developer with active project development; Orkla House and Drammensveien 151 compete for the same Skøyen tenant base.
• OBOS: Norwegian residential real estate developer and cooperative operating across Oslo and major Norwegian cities. Comparable as a Norwegian developer active in multi-phase apartment projects (overlaps with Orkla Real Estate's Sandakerveien 56 and Denja Hage).
• Olav Thon Eiendomsselskap: One of Norway's largest privately held real estate groups with residential and commercial portfolios nationwide. Closely comparable as a diversified Norwegian owner-developer-operator with mixed residential, retail, and office holdings.
• Eiendomsspar AS: Norwegian diversified real estate investor that acquired the substantial majority of Orkla's portfolio from Orkla Eiendom in 1991. Materially comparable as a diversified Oslo real estate owner with a direct historical connection to the same asset pool.

Broad incumbents

• Heimstaden AB: Major Nordic residential real estate owner and operator with portfolios across Norway, Sweden, Denmark, Germany and beyond. Comparable as a Nordic-scaled owner-operator in residential real estate, though wider geographic and customer footprint than Orkla Real Estate.
• Wallenstam AB: Swedish residential and commercial property developer with Stockholm and Gothenburg focus. Comparable as a Swedish mixed-use developer-owner, particularly relevant to Orkla Real Estate's Kexstaden project near Gothenburg.
• Fabege AB: Swedish commercial real estate company focused on prime office properties in Stockholm. Comparable as a Nordic prime-office landlord-developer, especially relevant for Kexstaden's office component.
• Kungsleden AB: Swedish commercial real estate company owning and developing office, retail and industrial properties. Comparable as a Swedish mid-market office and mixed-use developer, similar in scale and focus to Orkla Real Estate's Nordic ambitions.
• Castellum AB: One of Sweden's largest commercial real estate companies with Nordic exposure (Sweden, Denmark, Norway). Overlapping function as office property owner-developer, particularly relevant given Kexstaden's Swedish footprint.
• Catena AB: Swedish real estate company specializing in logistics, industrial and commercial properties with growth focus. Comparable as a Nordic property developer with active project pipeline and JV transactions, though logistics-tilted versus Orkla Real Estate's office/residential focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Orkla Real Estate