Stender

What Stender does

Stender is a privately held Danish construction and project development group founded in 1995 and headquartered in Kolding, with a secondary operations office in Greve serving the Greater Copenhagen area. The group operates through three wholly-owned entities: Stender Projektudvikling ApS (project development), Stender Entreprise A/S (turnkey contracting) and Stender Innovation A/S (innovation vehicle). The business delivers totalentreprise (turnkey) contracts spanning retail, supermarket, logistics, restaurant, service-station, residential and corporate-office builds across Denmark, drawing on roughly 25 in-house staff and a network of about 60 subcontractors.

Its core offering is integrated project development: site identification and acquisition, planning, financing and execution through to handover, with anchor-tenant coordination baked in. Revenue is generated through one-time construction contracts rather than licensing or recurring fees, with project sizes ranging from single 800-2,200 sqm supermarkets to 230,000 sqm logistics developments and 27,000 sqm retail centres. Pricing is custom-quoted per project and not publicly disclosed. Go-to-market is enterprise field sales combined with repeat business from a concentrated set of Danish retail chains (NETTO, REMA 1000, ALDI, LIDL, SILVAN, Bauhaus, Elgiganten, Power, JYSK, Burger King, KFC) plus institutional logistics clients (MG Real Estate, Verdion) and several municipal housing partners.

The company is family-owned by the Stender family (founder Carsten Stender remains active; Allan Egeris Arentsen is Group Director), reports no external institutional capital, and claims highest industry creditworthiness. There is no public revenue disclosure, no technology or AI differentiation, and geographic reach is limited to Denmark despite spanning all five national regions.

Name

Stender

Legal name

Stender Projektudvikling ApS

Website

https://carstenstender.dk

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Stender is a Danish turnkey construction and project developer (founded 1995, family-owned, ~25 staff) delivering retail, supermarket, logistics, residential and service-station projects across Denmark for chains such as NETTO, REMA 1000, ALDI, LIDL, Bauhaus, MG Real Estate and Verdion.

Ownership category

akta.pro rank

Headquarters

HQ city

Kolding

HQ country

Denmark

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales

Revenue model

1. Turnkey Construction Contracts: Revenue generated through totalentreprise (turnkey) construction contracts for retail, logistics, residential, office, and service sector projects. Projects range from small individual stores to large multi-tenant commercial centres.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Stender is a Danish construction and real estate development group delivering turnkey (totalentreprise) construction and project development services. The company handles projects from initial concept and site analysis through financing, construction, and handover, covering retail centers, supermarkets, logistics facilities, restaurants, service stations, housing projects, and corporate headquarters across Denmark. Operations are executed through approximately 25 salaried staff supported by a network of 60 subcontractors.

Product overview

Stender is a Danish construction and real estate development company operating two main divisions: construction contracting (Stender Entreprise A/S) and project development (Stender Projektudvikling ApS), along with an innovation subsidiary (Stender Innovation A/S). The company specializes in turnkey construction and development of retail centers, supermarkets, logistics facilities, restaurants, service stations, housing projects, and office buildings across Denmark. With over 26 years of experience and a network of 60 subcontractors, Stender delivers complete building solutions from initial concept through construction completion.

Differentiator

Problem solved

Functional benefit

Products and services

• Retail Center Development
• Supermarket Construction
• Logistics Facility Development
• Restaurant Construction
• Service Station Construction
• Housing Development
• Office and Headquarters Construction

Named customers18 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and minor.

• AK83 ArchitectscoreImplementation/ SI/ Consulting PartnerArchitectural firm collaboration for JYSK headquarters extension project in Aarhus. Partnership for design and project execution.
• Feldthaus ArchitectscoreImplementation/ SI/ Consulting PartnerArchitectural collaboration for BMW Kolding terminal expansion. Partnership for design execution.
• Plot OwnerscoreStrategic or Co-development PartnerClose cooperation with plot owners, authorities, and users for logistics development projects. Collaborative land acquisition and planning.
• Hvidovre MunicipalitycoreStrategic or Co-development PartnerCollaboration on large housing project (Gartnerhaven) with approx. 200,000 m2 nature area with public access.
• Hillerød MunicipalitycoreStrategic or Co-development PartnerCollaboration on housing project in southern Hillerød near station, new hospital, and golf course.
• Slagelse HomescoreStrategic or Co-development PartnerPartnership on renovation and construction of 47 youth housing units for students.
• Kolding MunicipalitycoreStrategic or Co-development PartnerCollaboration on large housing project in Strandhuse area in northern Kolding on former agricultural land.
• MT (buyer of Dalum Papirfabrik project)minorStrategic or Co-development PartnerProject sold to MT after local plan approval for Dalum Papirfabrik conversion in Odense.
• ProticaminorStrategic or Co-development PartnerContract signed for housing project with 13 new homes in Copenhagen on Amagerbrogade.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Skanska AB: Swedish-headquartered major international construction and development firm with broad Nordic and global operations. Comparable to Stender through overlapping real estate development and building construction capabilities, although much larger and more geographically diversified than Stender's Danish focus.

Regional players

• Bonava AB: Nordic residential developer (formerly part of NCC) focused on multi-unit housing across the Nordics and Germany. Comparable to Stender's residential project development work, particularly its municipal housing projects in Denmark.
• YIT Oyj: Finnish construction and real estate developer covering residential, commercial, and infrastructure segments. Comparable to Stender's combined contracting and project development model across diversified building categories, primarily active in Finland rather than Denmark.
• JM AB: Sweden-based leading Nordic residential developer with project development and contracting activities. Comparable to Stender's housing development arm, particularly in municipal and multi-unit residential partnerships, though primarily active in Sweden rather than Denmark.
• Catena AB: Sweden-based logistics real estate company that develops, owns, and manages logistics properties. Adjacent peer to Stender's logistics facility development work with MG Real Estate and Verdion, though Catena operates as a long-term property owner rather than a construction-led developer.
• AF Gruppen ASA: Norwegian contractor with building construction, civil engineering, and property development operations across Scandinavia. Comparable to Stender as a Nordic contractor-developer combining turnkey building construction with own project development activities, primarily operating in Norway and Sweden rather than Denmark.

Direct peers

• Veidekke ASA: Norwegian construction and real estate developer active across Scandinavia including Denmark. Comparable to Stender as a Nordic contractor-developer with turnkey building construction and project development arms serving retail, residential, and public-sector clients.
• Per Aarsleff Holding A/S: One of Denmark's largest construction and infrastructure contractors. Comparable to Stender as a leading Danish general contractor with overlapping activities in building construction, foundations, and project development across the Danish market.
• NCC AB: Swedish-headquartered construction and property development firm with significant operations across the Nordics, including Denmark. Comparable to Stender through its dual model of building contracting and real estate project development across residential, commercial, and logistics.
• MT Højgaard A/S: Major Danish construction and civil engineering firm (recently merged with Per Aarsleff). Directly comparable to Stender as a Denmark-headquartered building contractor and developer competing for similar enterprise, public-sector, and infrastructure contracts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/stendergroup
• Facebookfacebook.com/stendergroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 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 Stender