What Ticon Eiendom AS does

Ticon Eiendom AS is a privately held Norwegian real estate developer and property manager, headquartered in Oslo with primary operations in Drammen. Founded in 1945 as Teknisk Isolering and reorganized in 1999 when its industrial and real estate activities were separated into Ticon Eiendom and Ticon Invest, the company now owns and self-manages approximately 60,000 square meters of commercial property — including office, retail, warehouse, and logistics space — with an additional 12,000 m² in development pipeline. The residential business has delivered approximately 900 homes to date with around 300 more in the pipeline, serving the Drammen, Oslo, and broader Østlandet regions. Notable commercial tenants include NorEngros (100% of K145), Tesla, PwC, Multiconsult, Meny, Rema 1000, Boots, Vestre Viken Helseforetak, Drammen Kommune, and Lier Kommune, alongside a seasonal marina operation (Ticon Båthavn, ~130 berths).

The company differentiates itself through a self-management model that maintains direct landlord-tenant relationships, which has produced four consecutive years of top national tenant satisfaction rankings. It has invested in and operates on Propely, a proptech communication platform that aggregates sensor data from properties for automated monitoring and alerts. Sustainability credentials include Miljøfyrtårn certification since 2012 and BREEAM In-Use Excellent certification on BB110 from January 2025, with additional property certifications planned. Active developments include the new C.O. Lunds gate 56 office building (Q3 2026 completion) and ongoing residential projects such as Konnerud Senter Panorama and Passasjen.

Ticon's revenue is generated through three streams: one-time sales of developed residential apartments (ownership and cooperative units), recurring rental income from long-term commercial and government leases, and seasonal marina berth rentals. Residential units are sold direct-to-buyer via the company's website and FINN.no marketplace, while commercial space is leased directly and via brokers such as Malling. The operating model is intentionally lean (12 employees), reflecting a focus on long-term ownership and management rather than large-scale development turnover.

Name

Ticon Eiendom AS

Legal name

TICON EIENDOM AS

Website

https://ticon.no

Company type

Private

Founded year

1945

Operating status

Operating

Headcount range

11–50 employees

Short description

Ticon Eiendom AS is a privately held Norwegian real estate developer and self-managing landlord in Drammen, Oslo, and Østlandet. It owns approximately 60,000 m² of commercial property and has developed approximately 900 residential units, serving commercial tenants, residential buyers, and municipal clients.

Ownership category

akta.pro rank

Product category

Commercial and Residential Real Estate Development

NAICS

New Housing For-Sale Builders (236117), New Multifamily Housing Construction (except For-Sale Builders) (236116), Residential Remodelers (236118)

SIC

Real Estate (6500), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)

akta.pro secondary industries

Residential Design-Build & Renovation-Integrated Builders (IMAFABAE), Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Commercial property leasing
• Residential property development
• Property management services
• Real estate development
• Urban property portfolio

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Residential Property Development and Sales: Ticon develops residential housing (apartments) for sale to end buyers. They have developed approximately 900 homes and have around 300 more in development pipeline, alone or with partners. Revenue is generated through property sales transactions.
2. Commercial Property Leasing: Ticon owns and leases approximately 60,000 square meters of commercial, retail, and logistics properties. They self-manage all properties and generate recurring rental income from long-term tenant leases.
3. Marina/Båthavn Services: Ticon operates Ticon Båthavn with approximately 130 boat berths (season May 1 - October 31), generating seasonal rental income.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Ticon Eiendom AS develops residential housing for sale to individual buyers and owns, leases, and self-manages commercial properties (offices, retail, warehouse, and logistics spaces) in the Drammen and Oslo region. The company manages approximately 60,000 m² of commercial properties and has developed approximately 900 homes, with around 300 more in the development pipeline. It also operates Ticon Båthavn, a marina with approximately 130 boat berths.

Product overview

Ticon Eiendom AS operates as a real estate developer and property manager in the Drammen and Oslo region of Norway. The company offers a portfolio of residential developments (including Konnerud Senter Panorama with 72 apartments, Passasjen with 95 apartments, Strandhøyden with 43 apartments, and Strandhagen as the final phase of Engersand Havn with ~450 total units) and commercial properties (office, retail, warehouse, and logistics spaces including Ticonbygget, K145, Konnerud Senter, Fosskvartalet, Bangeløkka Næringspark, Røyken Næringspark, and others). The company manages approximately 60,000 m² of commercial property portfolio plus 12,000 m² for development. They have completed approximately 900 homes with ~300 more in development. Ticon also operates Ticon Båthavn marina services and utilizes Propely as an internal proptech communication platform for property management.

Differentiator

Problem solved

Functional benefit

Products and services

• Konnerud Senter Panorama (Residential Development) Residential development of 72 apartments across 4 buildings located near Konnerud Senter in Drammen, with apartment sizes ranging from approximately 40–170 m², featuring balconies with views and modern standard. Targeted at individual buyers and families seeking quality homes.
• Passasjen (Residential Development) Residential project with 95 apartments in 2-, 3-, and 4-room configurations ranging from 36–116 m², featuring private balconies or terraces, communal rooftop terrace, and green areas. Located on Konnerud with access to nature and local amenities.
• Strandhøyden (Residential Development) Self-owned and cooperative apartments in the Engersand Havn area. Phase I (14 selveierleiligheter / ownership apartments) completed autumn 2019, located 50 meters from the waterfront. Strandhøyden II (19 apartments) and III (10 apartments) completed June 2020.
• Strandhagen 3 & 4 (Residential Development) Final construction phase of Engersand Havn development. When completed in 2022, the entire harbor area encompassed approximately 450 residences.
• K145 / Kobbervikdalen 145 (Commercial Property) Combination warehouse and logistics property in Kobbervikdalen, 100% leased to NorEngros. Total rental area of 6,650 m² with warehouse heights of 7–12 meters, geothermal heating, and solar panel installation. Located 200m from E18.
• Ticonbygget (Commercial Property) Iconic office and retail building at Strømsø Torg 9 in Drammen, built in 1962 and sustainably renovated in 2020. Features integrated solar panels, quadruple-glazed windows, and electrochromic sun shading. Tenants include Multiconsult, PwC, Drammens Tidende, and Boots.
• Bragernes Atrium (Mixed-Use Development) Mixed-use development in downtown Drammen featuring 86 new apartments surrounding two atriums, communal rooftop terrace, and retail on ground level. Located near Bragernes Torg with access to shops, restaurants, and public transport.
• Fosskvartalet (Commercial Property) Commercial center in Lierbyen serving as the municipal center alongside Lier Town Hall. Tenants include Lier Municipality (offices and library), Lierbyen Medical Center, Sør-Øst Police District, Rema 1000, and Vitus Pharmacy.
• Losjeplassen (Commercial Property) Housing and service center at Engene 50 in Drammen, developed in partnership with Drammen Municipality. Fully leased on long-term contracts with Drammen Eiendom KF and Grev Wedel Medical Center.
• Konnerud Senter (Retail Shopping Center) Retail shopping center serving approximately 12,000 residents in the Konnerud district, co-owned with Industrifinans AS. Approximately 1 million annual customer visits and total tenant turnover of approximately NOK 335 million. Tenants include Meny, Kiwi, Europris, Boots, Sparebanken Øst, and other retailers and service providers. Available office spaces of 330 m² and 397 m².
• C.O. Lunds gate 56 (Bangeløkka Næringspark) New office and combination building of approximately 4,600 m² in Bangeløkka Næringspark, Drammen, under construction with planned completion Q3/2026. Two top floors (1,152 m² each) still available. Features excellent exposure to E18 and E134 with 80,000 daily vehicle traffic. Vestre Viken Helseforetak confirmed as tenant for the lower floors (new ambulance station).
• Røyken Næringspark – Johan Follestads vei 20 (Commercial Property) Modern warehouse and logistics facility along E134 on Hurumlandet, between Oslo and Drammen fjords. Flexible area of 3,000–4,000 m². The park spans approximately 400 da with panoramic views of Oslofjord. 50% of Norway's population within two hours travel distance.
• Ticon Båthavn (Marina Services) Marina facility at Fjordsvingen 1 in Gullaug with approximately 130 boat slips in widths of 2–5 meters, plus guest berths. Water and electricity on piers. Season runs May 1–October 31. Located near the Engersand Havn residential area.
• CO56 Eksisterende bygg (Commercial Property) Existing commercial building leased long-term to Tesla. Rental area of 2,600 m² plus approximately 1,000 m² of covered outdoor area.
• BB110 (Bjørnstjerne Bjørnsons gate 110) – Commercial Property Headquarters property at Bjørnstjerne Bjørnsons gate 110 in Drammen. First Ticon property to receive BREEAM In-Use certification with 'Excellent' rating in January 2025.

Quantifiable outcome

• Ranked at the top of Norway for tenant satisfaction for four consecutive years in national surveys
• +1 more outcomes

Named customers21 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core and minor.

• Industrifinans AScoreStrategic or Co-development PartnerTicon Eiendom and Industrifinans AS jointly own and develop Konnerud Senter. This is a long-term partnership for a major retail center serving approximately 12,000 residents in the Konnerud district.
• PropelycoreTechnology or IntegrationPropely is a proptech communication platform used by Ticon to aggregate sensor data and automate alerts for property monitoring. Ticon is also an investor in Propely, demonstrating strong commitment to the platform and the broader proptech ecosystem.
• Grønn Byggallianse (Green Building Alliance)minorOthersTicon is a member of Grønn Byggallianse, Norway's green building alliance focused on sustainable construction and property development.
• Eiendomssektorens Veikart mot 2050minorOthersTicon has joined the 20 immediate actions for building owners and developers that are part of the Real Estate Sector's Roadmap toward 2050, a collective industry initiative for carbon reduction and sustainability.
• MallingcoreChannel Partner/ Reseller/ DistributorMalling is a commercial real estate broker in Drammen engaged by Ticon to market and lease the new office building at C.O. Lunds gate 56 in Bangeløkka Næringspark.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• OBOS: Norway's largest housing cooperative and residential developer, with broad multi-family development across the Østlandet region including Drammen. Comparable to Ticon in residential for-sale apartment focus but operates at substantially larger scale nationally.
• Aspelin Ramm: Oslo-based real estate developer with a portfolio spanning residential, commercial, and mixed-use projects in Østlandet. Comparable to Ticon in mixed residential/commercial strategy, particularly in mixed-use urban developments.
• Steen & Lund: Norwegian family-owned real estate developer with residential and commercial projects in the Drammen/Østlandet region. Closest direct comparable to Ticon in size, ownership type (private/family), and Drammen market focus.
• Block Watne: Norwegian for-sale homebuilder with single-family and multi-family projects primarily in Østlandet. Comparable to Ticon in residential product positioning but with greater national scale.
• Selvaag Bolig: Oslo-headquartered residential developer focused on for-sale apartments in the Greater Oslo region. Closest direct competitor to Ticon's residential pipeline given overlapping geography and product type.
• JM Norge: Swedish-origin residential developer active in the Norwegian apartment market with projects concentrated in Østlandet. Competes directly with Ticon on for-sale multi-family developments targeting similar urban/suburban buyer segments.

Broad incumbents

• Olav Thon Eiendomsselskap: One of Norway's largest private commercial real estate owners with extensive retail and office portfolios. Comparable to Ticon in commercial ownership/management scale but with much broader national footprint and larger tenant base.
• Entra ASA: Publicly listed Norwegian commercial real estate company specializing in office properties, primarily in Oslo. Comparable to Ticon's commercial office segment but operates at institutional scale with much larger portfolio.
• AF Gruppen: Listed Norwegian construction and property development group with residential, commercial, and civil projects. Comparable to Ticon in residential development capability but operates across broader Sweden/Norway footprint at much larger scale.

Others

• Malling & Co: Commercial real estate broker and advisor in Norway. Already engaged by Ticon (as broker for C.O. Lunds gate 56) and serves as a channel partner — a useful industry-adjacent comparable reflecting the Drammen commercial leasing ecosystem.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ticon-eiendom-as

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Ticon Eiendom AS