Smedvig
- Company typePrivate
- Founded1915
- HeadquartersStavanger, Norway
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Smedvig does
Smedvig is a 4th generation family-owned investment group headquartered in Stavanger, Norway, founded in 1915. Originally a shipping company, the group evolved through canning, petroleum, and offshore drilling before reorganizing as a diversified, long-duration family office with activities across commercial real estate, public and private investment funds, venture capital, and IT services. Smedvig's largest business is Smedvig Eiendom, a commercial real estate operation with a 4.5bn NOK portfolio across 173,000 sqm of standing assets and 477,000 sqm of development potential, generating approximately 239m NOK in annual rental income. Flagship assets include the ARK building (completed 2024), Løkkeveien 103 (WELL Platinum, 2022), and the Innovasjonsparken campus housing 150+ companies served by the Life@Work integrated service and amenity platform. Internationally, Smedvig is expanding into the UK through the Trehus / One Maidenhead timber-framed office development in the Thames Valley (target 2026), developed in partnership with HUB Residential.
Complementing the real estate platform, Smedvig Investment Management holds AIFM authorization granted in July 2020 and manages public-facing funds, while Smedvig Capital Ltd (based in London since 1996) and Smedvig Ventures conduct private equity and B2B tech venture investing across Europe. Veni AS operates an IT services subsidiary. Across these activities the group manages approximately $2.4bn USD in assets with a lean team of 74 employees, reflecting a capital-efficient operating model. Revenue is generated through rental income, fund management fees on AUM, returns from direct and fund investments, and IT services, with the family ownership structure (majority held by Anna Margaret Smedvig since 2016) providing patient capital for multi-year development and investment cycles. Governance is complemented by the North Star Foundation, established in 2019 to formalize philanthropic and impact-investing activity.
Smedvig firmographics
Firmographics- Name
- Smedvig
- Legal name
- Smedvig AS
- Website
- https://smedvig.no
- Company type
- Private
- Founded year
- 1915
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Smedvig industry classification
Industry- Product category
- Commercial Real Estate
- NAICS
- Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Portfolio Management and Investment Advice (523940), Rental and Leasing Services (532)
- SIC
- Real Estate Operators (No Developers) & Lessors (6510), Investment Advice (6282), Investors, Nec (6799)
- akta.pro primary industry
- Managed Account / SMA Multi-Manager Platforms (FSANAGAL)
Keywords
Where Smedvig is headquartered
LocationHeadquarters
- HQ city
- Stavanger
- HQ country
- Norway
- HQ region
- Europe
Offices3 records
Markets served
Smedvig business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Commercial Real Estate Rental Income: Smedvig Eiendom generates recurring rental income from commercial properties including office spaces, co-working facilities, and retail units across Norway and the UK. The portfolio comprises 173,000 sqm of property under management generating 239m NOK in annual rental income.
- Property Development and Sale: Smedvig develops new properties for sale or long-term investment, including residential apartments (Mesnakvartalet with 107 apartments) and commercial buildings. The property portfolio has a market value of 4.5bn NOK with development potential of 477,000 sqm.
- Alternative Investment Fund Management: Smedvig Investment Management AS manages public funds investing in global fund managers including long-only funds, hedge funds, and fixed income products. The company received AIFM authorization in July 2020 and manages alternative investment funds.
- Private Fund Investments: The family office invests in selected private equity, venture capital, real estate, and infrastructure funds globally since 1996. Managed by teams in London and Stavanger, including late-stage venture and growth funds.
- Venture Capital Investments: Smedvig Ventures invests €4-8m in B2B tech companies across Europe in rounds up to €20m, targeting companies with €750K ARR. Manages portfolio including Minut, Masabi, Druid AI, Mavenoid, proSapient, Xeneta, Infinity, and EdgeTier.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Public parking at Smedvigkvartalet |
| Other | Annual | Peder Smedvig Scholarship Fund |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Smedvig product offering
Product offeringCore offering
Smedvig is a family-owned investment company that primarily invests in, develops, and manages commercial real estate through its subsidiary Smedvig Eiendom, operating a portfolio of 173,000 sqm across Norway and the UK generating 239m NOK in annual rental income. Beyond real estate, the group manages alternative investment funds (public funds), private equity and venture capital fund investments via Smedvig Capital Ltd and Smedvig Ventures, and operates co-working spaces and digital tenant services across its property portfolio.
Product overview
Smedvig is a family office with four core business areas: Smedvig Eiendom (real estate investment, development and management), Smedvig Investment Management (Alternative Investment Fund Manager for public funds), Smedvig Capital Ltd (private equity and venture fund investments), and Smedvig Ventures (B2B tech venture capital in Europe). Smedvig Eiendom operates a portfolio of commercial properties across Norway (Stavanger, Hamar, Lillehammer) and UK, offering tenant services through the Life@Work digital platform and co-working spaces including Valter, Destilleriet, and Nest. The real estate portfolio includes properties like Smedvigkvartalet, Site 4016 (ARK, Spinn, WOOD), Innoasis, and Innovasjonsparken. Investment management covers public funds (global fund managers) and private funds (private equity, venture capital, real assets). The group also operates community initiatives through North Star foundation and Peder Smedvig Scholarship Fund.
Differentiator
Problem solved
Functional benefit
Products and services
- Smedvig Eiendom (Commercial Real Estate) Commercial real estate investment, development, and management company operating primarily in Stavanger with properties in Norway and the UK, managing 173,000 sqm of property with 4.5bn NOK market value and generating 239m NOK in annual rental income.
- Smedvig Ventures (B2B Tech Venture Capital) Venture capital arm investing EUR 4-8m in European B2B technology companies (UK, Nordics, and Benelux) in rounds up to EUR 20m, targeting companies with at least EUR 750K ARR. Portfolio includes Minut, Masabi, Druid AI, Mavenoid, proSapient, Xeneta, Infinity, and EdgeTier.
- Smedvig Investment Management (Public Funds) Alternative Investment Fund Manager supervised by the Financial Supervisory Authority of Norway, managing public funds investing in global fund managers including long-only funds, hedge funds, and fixed income products.
- Smedvig Capital Ltd (Private Funds) Private equity and venture fund investment team managing investments in private equity, venture capital, real estate, and infrastructure globally from London since 1996, including late-stage venture and growth funds in technology, healthcare, and life sciences.
- Valter Co-working (Stavanger) Full-service co-working space at Smedvigkvartalet operated in collaboration with Investore Finans, providing flexible workstations, meeting rooms, and roof terrace for investors and finance industry professionals.
- Destilleriet Co-working Modern co-working offices for start-ups and companies in the Stavanger area.
- Nest Co-working (Hamar) Workstation and professional co-working environment at the Hamar location, part of Smedvig's co-working portfolio.
- Smedvigkvartalet Multi-building office complex in Stavanger city center housing co-working spaces (Valter), parking facilities (450 spaces with 20 EV charging spots), and multiple commercial tenants.
- Site 4016 (Stavanger) Development project area in Stavanger including the ARK building (10,000 sqm, BREEAM-NOR Excellent, WELL Gold), Spinn (circular innovation hub recognized as FutureBuilt reference project), and WOOD development.
- Innoasis Community space for start-ups and established businesses at Sverdrupsgate 27, Stavanger, certified BREEAM-NOR Very Good following total rehabilitation completed in 2022.
- Innovasjonsparken International centre for innovation, research, and business development in Stavanger with over 150 companies and 900 employees across nine buildings at Ullandhaug.
- Trehus at One Maidenhead (UK) Timber-framed sustainable office development in Maidenhead, UK, Thames Valley's first timber-framed office building developed in partnership with HUB Residential, targeting BREEAM Outstanding, EPC A rating, and net zero carbon emissions.
- Life@Work Digital Tenant Platform Digital tenant services app used across all Smedvig properties for room booking, service requests, building updates, and news. Available to all tenants in Smedvig buildings and supported by Veni AS technology operations.
- Smedvigkvartalet Parking Public parking garage with 450 spaces, 20 EV charging spots, and 24/7 access located in Stavanger city center, with EasyPark and Charge365 app integrations for payment.
Quantifiable outcome
- 88 points customer satisfaction score in KTI 2025 survey, above industry average
- +2 more outcomes
Companies that use Smedvig
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
Smedvig technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature3 records
Smedvig partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core and minor.
- HUB ResidentialcoreSmedvig partners with HUB Residential as development manager for the One Maidenhead masterplan in UK. The partnership includes Trehus, a timber-framed sustainable office development, targeting BREEAM Outstanding certification. Smedvig provides capital and property expertise while HUB manages development operations.
- GlencarcoreConstruction partner for Trehus development in Maidenhead. Glencar is leading the construction of the timber-framed office building scheduled for completion in winter 2026.
- Waugh Thistleton ArchitectscoreAward-winning architecture firm specializing in timber design and construction. Engaged for Trehus project, world leaders in sustainable timber construction.
- SavillsminorCommercial real estate agency appointed to seek tenants for Trehus development in Maidenhead.
- Hollis HockleyminorCommercial real estate agency appointed alongside Savills to seek tenants for Trehus development.
- North Star FoundationcoreNon-profit foundation established by 4th generation of Smedvig family (Anna Margaret Smedvig and Julia Smedvig Hagland) in 2019. North Star supports organizations helping youth in challenging situations, including Pol Tasta Idrettslag Stemmen project and youth mentorship programs.
- Fullt FokusminorSocial enterprise that has set up container gym at ARK Site 4016, providing low-threshold fitness offering for tenants while supporting youth under youth sanctions or follow-up programs.
- Smedvig Capital LtdcoreLondon-based entity managing private equity and venture fund investments since 1996, founded by Peter T. Smedvig and John C. Hewett. Part of the Smedvig family office group.
- Veni AScoreTechnology and competence company providing IT operations services and advisory services within technology, sustainability, and energy. Primary provider of tenant IT services including Life@Work platform and network support.
- Ungt EntreprenørskapminorNorwegian organization supporting youth entrepreneurship. Smedvig collaborates on programs like Godalen Gledesspredere providing students from sales, service and travel programs practical experience at Site 4016.
- SelmerminorCo-sponsor with Smedvig of pre-event networking for Utopia festival, hosted at Innoasis property.
- Investore FinansminorCollaboration partner for Valter co-working space at Smedvigkvartalet, bringing networking opportunities for investors and finance industry professionals.
- FutureBuiltminorNorwegian innovation program for climate-friendly construction. Spinn project follows FutureBuilt criteria for building rehabilitation.
Scale indicators8 records
Recent moves10 records
Expansion highlights6 records
Smedvig competitors and assessment
Company assessmentRegional players
- OBOS: Norwegian housing cooperative with significant real estate, construction, and banking activities. Comparable Norwegian real estate operator with similar long-term ownership and community focus.
- Storebrand Eiendom: Norwegian asset manager's real estate division managing commercial property portfolios in Norway. Comparable institutional owner/operator of Norwegian commercial real estate, having awarded Smedvig a sustainability award.
Direct peers
- Entra ASA: Norwegian commercial real estate company focused on office properties in Oslo, Bergen, Stavanger, and Trondheim. Direct competitor in Norwegian commercial office leasing, especially in Stavanger where Smedvig operates.
- Norwegian Property ASA: Norwegian pure-play commercial real estate company focused on prime office properties in Oslo. Direct competitor in Norwegian commercial real estate, particularly in office leasing.
- Olav Thon Gruppen: Norwegian family-owned real estate conglomerate with commercial properties across Norway and Sweden. Comparable to Smedvig as a long-standing family-owned commercial real estate operator with substantial portfolio and tenant base.
- Kistefos AS: Norwegian family-owned investment company with diversified holdings across PE, VC, real estate, and industrials. Comparable family office structure with multi-asset investment approach similar to Smedvig.
- Ferd AS: Norwegian family-owned investment group operating across PE, VC, real estate, and operating companies. Mirrors Smedvig's multi-segment family office model with both investment and operational activities.
Broad incumbents
- Aker ASA: Norwegian investment company with holdings across energy, industrials, real estate, and financial services. Larger incumbent with similar multi-segment investment approach but oil/gas-dominated portfolio.
- Visma AS: Norwegian/Swedish private equity-backed software company with diverse activities. Comparable in being a Norwegian-headquartered diversified company with strong regional presence, though different sector focus.
Others
- Haugstad & Co / Malling & Co: Norwegian commercial real estate advisory and brokerage firm. Adjacent service provider in the same Norwegian commercial real estate market where Smedvig operates.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Smedvig social profiles
Digital presenceSmedvig compliance and trust
Trust signalCompliance9 records
Smedvig financial estimates
Financial estimateRevenue estimate
Valuation estimate
Smedvig leadership team
Management profileNumber of profiles
Profiles8 records
Smedvig subsidiaries and ownership
Company hierarchySubsidiaries7 records
Smedvig funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Smedvig M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Smedvig
What does Smedvig do?
Smedvig is a family-owned investment company that primarily invests in, develops, and manages commercial real estate through its subsidiary Smedvig Eiendom, operating a portfolio of 173,000 sqm across Norway and the UK generating 239m NOK in annual rental income. Beyond real estate, the group manages alternative investment funds (public funds), private equity and venture capital fund investments via Smedvig Capital Ltd and Smedvig Ventures, and operates co-working spaces and digital tenant services across its property portfolio.
Is Smedvig a public or private company?
Smedvig is a private company. It is classified as family owned and is currently operating.
When was Smedvig founded?
Smedvig was founded in 1915. It employs 51 to 100 people.
Where is Smedvig based?
Smedvig is headquartered in Stavanger, Norway, in the Europe region.
How does Smedvig make money?
Five revenue lines are on record. Commercial Real Estate Rental Income is the primary driver. The others are property Development and Sale, alternative Investment Fund Management, private Fund Investments and venture Capital Investments.
Who are Smedvig's main competitors?
Regional players on record are OBOS and Storebrand Eiendom. Direct peers are Entra ASA, Norwegian Property ASA, Olav Thon Gruppen, Kistefos AS and Ferd AS. Broad incumbents are Aker ASA and Visma AS. Haugstad & Co / Malling & Co is listed as an others.
Does Smedvig have an API?
No public API is recorded for Smedvig.
What industry is Smedvig in?
Smedvig's product category is Commercial Real Estate. Its primary akta.pro industry code is FSANAGAL, Managed Account / SMA Multi-Manager Platforms. Its NAICS code is 531120 and its SIC code is 6510.