Hathon

What Hathon does

Hathon is a Norwegian family-owned real estate investment, development, and management company founded in 2000 by Halgrim Thon after a 31-year tenure at Olav Thon Gruppen, including 18 years as CEO of the listed Olav Thon Eiendomsselskap ASA. Operating as Hathon Holding AS with Hathon Eiendom AS, the company owns and manages a portfolio of commercial, retail, office, residential, hotel, and educational properties across Norway, Sweden, and Denmark, serving enterprise tenants such as Scandic Hotels and Nakuhel kindergarten. The platform is organized across 16+ wholly-owned property holding subsidiaries and minority joint venture interests, including a 50% stake in Scandic Copenhagen Spectrum, a 20% stake in Swedish developer STOS Fastigheter, and positions in Norra Hamnen, Sveanor Fastigheter, and Utstillingsplassen Eiendom.

Name

Hathon

Legal name

Hathon Holding AS

Website

https://hathon.no

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

1–10 employees

Short description

Hathon is a family-owned Norwegian real estate investment, development, and management company serving commercial, retail, hotel, and educational tenants across Norway, Sweden, and Denmark through owned properties and joint ventures.

Ownership category

akta.pro rank

Headquarters

HQ city

Oslo, Oslo

HQ country

Norway

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Real Estate Rental Income: Long-term property holdings generating recurring rental income from commercial and retail tenants across Norway, Sweden, and Denmark.
2. Property Development Projects: Development projects including Hattefabrikken, Hausmanns Hus, and Moerveien 10 generating returns through property appreciation and lease-up.
3. Financial Investments: Portfolio includes financial investments in stocks and securities.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Hathon (Hathon Holding AS) is a privately held Norwegian real estate investment and development company that owns, develops, and manages a portfolio of commercial, office, retail, hotel, educational, kindergarten, and residential properties across Norway, Sweden, and Denmark. The company generates recurring rental income from long-term property holdings leased to commercial tenants, while also executing development projects such as Hausmanns Hus (~11,000 m²) and Hattefabrikken (~2,145 m²) in Oslo, and Moerveien 10 (~13,000 m²) in Ås. Available leasable commercial premises (e.g., Storgaten 35/37 and Øvre Langgate 40/42 in Tønsberg) are marketed directly through its website and Finn.no.

Product overview

Hathon is a full-service property developer and manager operating as Hathon Holding AS. The company operates as a unified real estate platform with a portfolio of owned and managed properties across Norway (primary market), Sweden, and Denmark. The core offering encompasses property investment, development projects, and asset management services. Key development projects include Hattefabrikken (historic conversion, 2,145 m²) and Hausmanns Hus (11,000 m²) in Oslo, Moerveien 10 office project in Ås (13,000 m²), and the Scandic Copenhagen Spectrum hotel (50% ownership, 42,300 m²) in Denmark. The company also manages available commercial premises for lease such as Storgaten 35/37 and Øvre Langgate 40/42 in Tønsberg.

Differentiator

Problem solved

Functional benefit

Brands

• Hausmanns Hus: Property development project at Calmeyers gate 12/Hausmannsgate 21 in Oslo, approximately 11,000 m²
• Hattefabrikken

Products and services

• Commercial Real Estate Leasing

Named customers2 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

Two partnerships are on record, tiered core and minor.

• Halgrim ThoncoreOthersHalgrim Thon brings 31 years of real estate experience including 18 years as CEO of Olav Thon Eiendomsselskap ASA. Co-owner of Hathon Holding AS alongside Olav Engebret Thon and Jorunn Marie Thon.
• Olav Thon GruppenminorOthersFormer employer of Halgrim Thon. Hathon was established after Halgrim's departure in 2000 to build his own portfolio.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Entra ASA: Oslo-listed owner and developer of prime Norwegian office properties. Comparable in focus on Scandinavian commercial real estate with active development pipeline, though materially larger.
• Norwegian Property ASA: Oslo-listed commercial real estate company focused on prime office properties in central business districts across Norway's largest cities. Closely comparable to Hathon's core office/retail strategy.
• Fabege AB: Swedish listed property company focused on prime Stockholm office properties and urban development. Comparable commercial developer profile in a Scandinavian capital.
• Olav Thon Gruppen: Norway's largest private real estate group, operating commercial, retail, and hotel properties across Scandinavia. Direct peer — same geography, same asset classes, and Hathon founder Halgrim Thon spent 31 years here before founding Hathon.
• Heimstaden Bostad: Swedish-headquartered residential and mixed-use real estate investor with significant Norwegian and Danish exposure. Comparable Scandinavian multi-country platform, though focused more on residential.
• Castellum AB: One of Sweden's largest listed commercial real estate companies with offices, logistics, and mixed-use assets. Comparable Scandinavian commercial property investor/developer.
• Wallenstam AB: Swedish property company focused on commercial and residential development in Stockholm and Gothenburg. Comparable Scandinavian developer with active project pipeline.

Emerging players

• Pandox AB: Swedish hotel property specialist with Northern European portfolio. Comparable to Hathon's 50% ownership of Scandic Copenhagen Spectrum and hotel exposure.

Broad incumbents

• KLP Eiendom: Real estate arm of Norway's largest pension fund, owning a diversified portfolio across offices, retail, hotels, and residential in Scandinavia. Broader incumbent with institutional capital base.
• Balder AB: Large Swedish listed real estate company with diversified commercial, residential, and development assets across Scandinavia. Comparable broad Scandinavian platform, though much larger.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hathon-holding-as

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries21 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 Hathon