MORTENSEN

What MORTENSEN does

Mortensen Gruppen A/S is a Horsens, Denmark-based project development and investment company founded and led by Michael Mortensen, operating with a lean team of approximately 8 employees. The company develops, owns, and operates real estate across Central Jutland through an integrated platform spanning residential plot sales, commercial leasing, logistics facilities, hospitality, and truck parking — supported by sister company HM Entreprenør, which provides in-house civil engineering and construction capability.

The core product set includes five major active assets: Recharge City, an EU Platinum-certified 270,000 m² truck parking and EV-charging facility (operational from March 2024); Erhvervspark Vega, a 28,000 m² logistics terminal anchored by Zizzi (12,000 m² lease); Hatting Bakker, a sustainable mixed-use district with planned residential, commercial, and healthcare components (nursing home, daycare, dementia center, neurocenter); Fredesmark (42 residential plots at 850,000–1,495,000 DKK) and Præstelunden (residential plots); Stjernholmgården (Zleep Hotels, 164 rooms); and Løvenørnsgade 12 (mixed-use commercial renovation in central Horsens). The company holds a land bank exceeding 200 hectares across these districts.

The business model combines one-time revenue from residential plot sales with recurring rental income from commercial, logistics, hospitality, and truck-parking tenants. Distribution is handled through direct enterprise leasing for commercial assets and via EDC, Nybolig, and Colliers for residential and investment-grade commercial sales. Funding appears to be founder equity and project-level debt; the firm is privately held and does not disclose revenue or capital structure.

Name

MORTENSEN

Legal name

Mortensen Gruppen A/S

Website

https://mortensengruppen.dk

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Real Estate Development

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Transitional/Development Land Brokerage (Entitled, In-Path-of-Growth) (BPAJADAJ)

akta.pro secondary industries

Land & Development Site Brokerage (BPAJABAG), Contract Warehousing / Dedicated Warehousing (Dry) (TLALAAAB)

Keywords

• Real estate development
• Commercial property leasing
• Residential land sales
• Logistics terminal rental
• Truck parking facilities

Headquarters

HQ city

Horsens

HQ country

Denmark

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Property Development and Sales: Development and sale of land parcels, residential plots, and commercial properties. Revenue generated from selling developed land and building plots to end buyers.
2. Property Rental and Leasing: Rental income from commercial tenants including office spaces, logistics terminals, warehouses, restaurants, and retail/showroom spaces. Properties include Recharge City facilities and Erhvervspark Vega logistics center.
3. Investment in Companies and Projects: Investment in and development of companies and projects with potential and societal relevance. The company invests in real estate and areas with great potential and develops them.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

MORTENSEN is a Danish project development and investment company that acquires, develops, and either sells or leases real estate across residential, commercial, logistics, and infrastructure segments in Central Jutland. Core activities span land and area development, end-to-end property development (leveraging sister company HM Entreprenør for construction), commercial property rental (offices, warehouses, logistics terminals, showrooms, restaurants), and the operation of Recharge City, Europe's first EU-platinum certified truck parking and charging center on the E45 motorway.

Product overview

MORTENSEN is a project development and investment company operating as a single unified business rather than a platform-plus-modules architecture. The company offers a portfolio of distinct products and services including: Recharge City (Europe's first EU-platinum certified parking and charging center), Hatting Bakker (sustainable recreational district), Fredesmark (residential development), and logistics/warehouse facilities. These products are developed through two core service lines — project development (real estate, infrastructure, logistics, construction) and land/area development — both leveraging close collaboration with sister company HM Entreprenør for construction execution. The company also offers various commercial rental properties including offices, warehouses, showrooms, and restaurant spaces across Horsens and surrounding areas.

Differentiator

Problem solved

Functional benefit

Brands

• Recharge City: Europe's first and largest parking and charging center with EU Platinum certification, located at exit 57 Horsens Syd on the E45 motorway.
• Hatting Bakker
• Fredesmark

Products and services

• Recharge City Europe's first and largest truck parking and charging center with EU platinum certification, offering 450 secured parking spaces with 24-hour surveillance, EV charging stations, a 164-room hotel, restaurants, fuel stations, workshops, and Scania Academy training facilities for transport industry professionals traveling the E45 corridor.
• Hatting Bakker Sustainable and recreational district development in Horsens Municipality featuring hills and valley landscapes, climate basin for water management, biodiversity focus, and planned care facilities including nursing home, daycare, dementia center, and neurocenter, combining nature and urban life.
• Fredesmark Residential development project in Juelsminde comprising 42 parcel house plots plus three additional planned residential areas with focus on community living and good neighbor relations, marketed to private families and individuals seeking single-family home sites.
• Logistics Terminal at Erhvervspark Vega Modern DGNB Gold certified logistics center of approximately 28,000 m² featuring 12.5m ceiling height, ramps, gates, office facilities, and parking, located adjacent to DSV's logistics center in Erhvervspark Vega, Horsens Vest, available for lease to logistics and warehouse operators.
• Præstelunden Parcel Plots Residential plots for sale in Præstelunden, Odder, ranging from 830 to 1,075 m² and priced between 895,000 and 1,325,000 kr, sold through Nybolig Odder with green surroundings, proximity to nature, city center, and tram line.
• Project Development and Investment Services Project development and investment services covering real estate, infrastructure, logistics, and construction projects, with activities spanning from bare land acquisition through completed projects, targeting projects with societal relevance and potential to lift cities, industries, and businesses.
• Land and Area Development Services Acquisition, development, and sale of land and properties for both private residential and commercial purposes, working in collaboration with sister company HM Entreprenør for construction execution, including identifying high-potential areas and developing them into usable property.
• Office Rental at Recharge City Flexible office spaces at Recharge City along E45 motorway, offering 150-700 m² units on 1st floor at 950 kr/m² or 2nd floor at 1,050 kr/m² annually, with customizable layouts, meeting rooms, quiet zones, kitchen facilities, and parking with EV charging, targeted at companies seeking modern offices near major transport corridors.
• Warehouse Rental at Vejlevej 13 Central Horsens warehouse space of 2,162 m² with 4.5m ceiling height, overhead gates with direct access, fenced and secured area, easy access to city center and motorway, priced at 450 kr/m² annually.
• Showroom Rental at Uraniavej 6 Light-filled showroom or office space of 135-138 m² at Uraniavej 6 in Horsens commercial area near E45, with own entrance, free parking, and shared canteen access, targeted at retailers or office users seeking smaller flexible spaces.

Quantifiable outcome

• Recharge City developed from bare field to completion in under 2 years (September 2022 - March 2024)
• +3 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core, major and minor.

• HM Entreprenør A/ScoreStrategic or Co-development PartnerSister company and construction partner. HM Entreprenør provides construction and civil engineering services for Mortensen's development projects. This partnership enables integrated project delivery from land development through to completed construction, ensuring quality and speed. HM Entreprenør has many years of experience with construction work, contributing to quality delivery at high pace.
• ZizzimajorOthersDanish fashion company that signed lease agreement for approximately 12,000 m² of the new 28,000 m² logistics terminal at Erhvervspark Vega. Zizzi is moving their warehouse and logistics facilities from Billund to the new terminal, creating 75-100 new jobs in Horsens.
• DSVminorOthersInternational logistics company with new logistics center adjacent to Mortensen's new logistics terminal in Erhvervspark Vega, creating synergies in the logistics hub area.
• EDC Ejendoms Centret JuelsmindecoreChannel Partner/ Reseller/ DistributorReal estate agency handling the sale of Fredesmark residential plots (42 parcel house plots) in Juelsminde.
• Nybolig OddercoreChannel Partner/ Reseller/ DistributorReal estate agency handling the sale of Præstelunden residential plots in Odder.
• CollierscoreChannel Partner/ Reseller/ DistributorInternational commercial real estate services firm acting as agent for Mortensen's logistics and commercial properties.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Verdion: European logistics and warehouse real estate developer focused on build-to-suit and speculative logistics investments. Comparable to Mortensen in developing mid-size modern logistics assets across Europe.

Direct peers

• Catena AB: Swedish-listed logistics real estate company owning and developing warehouse and logistics properties across the Nordics. Directly comparable to Mortensen's Erhvervspark Vega logistics terminal and broader Nordic logistics-developer profile.
• Sagax: Stockholm-listed real estate company focused on warehouse and industrial properties across Europe. Comparable in business model and target asset class to Mortensen's logistics and warehouse rental portfolio.
• Logicenters: NREP-backed Nordic logistics real estate owner and developer with modern, certified logistics facilities across Denmark and the Nordics. Closely comparable to Mortensen's DGNB-certified logistics terminal and build-to-suit approach.
• Wihlborgs Fastigheter: Swedish commercial real estate company focused on the Öresund region with offices, logistics and mixed-use properties. Comparable in geography-adjacent Nordic commercial development and tenant base to Mortensen's Central Jutland portfolio.
• Pandox: Stockholm-listed hotel property investor and operator active across Europe. Comparable to the Zleep Hotels component of Recharge City and to Mortensen's hotel/hospitality real estate angle within mixed-use developments.
• Panattoni: Largest privately held logistics real estate developer in Europe, building speculative and BTS logistics facilities across multiple countries. Comparable to Mortensen in developing modern logistics parks anchored by single large tenants (e.g., Zizzi).
• TK Development: Danish-headquartered property development company with residential and commercial projects primarily in Denmark and the Nordics. Closest direct geographic and business-model peer for Mortensen's land subdivision and project development activities.

Broad incumbents

• Bonava: Listed Nordic residential developer active in Denmark, Sweden, Finland, Norway, Germany and the Baltics. Comparable to Mortensen's residential land subdivision business at Fredesmark and Præstelunden, but operating at broader scale and geographies.
• NCC: One of the largest Nordic construction and real estate development companies with both building and property-development operations. Comparable in vertically integrated construction + development capability to Mortensen's HM Entreprenør partnership model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mortensengruppen

Compliance4 records

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 MORTENSEN