Wessel Eiendom
Wessel Eiendom AS is a Norwegian property developer and manager based in Vestby, developing and managing residential and commercial real estate across the Oslo–Fredrikstad corridor, Follo, and Indre Østfold regions. It operates ~30 properties (~50,000 m2 commercial) and an active development pipeline, backed by Munch Holding AS and sister contractor J.I. Bygg AS.
- Company typePrivate
- Founded-
- HeadquartersVestby, Norway
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
What Wessel Eiendom does
Wessel Eiendom AS is a Norwegian private property developer and manager headquartered in Vestby, operating in the corridor between Oslo and Fredrikstad, with particular focus on the Follo and Indre Østfold regions. The company's core offering is full-scale real estate development and management, covering residential properties (apartments, townhouses, and single-family housing), commercial real estate (offices, retail, and coworking space), and mixed-use projects from planning through construction to ongoing operations. The company manages a portfolio of approximately 30 properties, comprising 17 residential rental units and 13 commercial properties totaling roughly 50,000 m2, located in Vestby, Askim, and Drøbak.
The business operates through three revenue streams: one-time property sales (including completed projects such as Wessel Park and Eik x Vestby), recurring rental income from residential and commercial tenants, and development project management services. Distribution is primarily direct through the company's own website and Vestby office, supplemented by listings on Finn.no and a strategic sales partnership with Olav Thon Gruppen for residential stock. Wessel Eiendom is owned by Munch Holding AS and is a sister company to general contractor J.I. Bygg AS, which provides integrated construction capabilities. Notable partnerships include collaboration with Porsche AG on the Porsche Classic Center Son (one of three worldwide) and with Son Handels- og Næringspark on the Son technology and business park development.
Active development projects include Krohgs Kvartal in Vestby (~70,000 m2), Simen Hoels gate in Askim (~20,000 m2), Son Teknologi- og Næringspark (500 mål), Tronstad in Spydeberg (~20,000 m2), Rådhusgata 18-20 in Askim (~10,000 m2), and Marstrandsgate 8-10 in Oslo (~3,300 m2). A long-term land bank includes projects such as Brevikbråtan Son (~171 mål), Labo skog Son (~240 mål), Grevlingen Son (~67 mål), and Prestegårdsskogen (~700 mål), providing multi-year development optionality. The company was named Årets bedrift Vestby 2024 (Company of the Year) by Vestby Næringsforum and employs approximately 6 people across management, development, project management, and property management functions.
Wessel Eiendom firmographics
Firmographics- Name
- Wessel Eiendom
- Legal name
- Wessel Eiendom AS
- Website
- https://wessel-eiendom.no
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Wessel Eiendom AS is a Norwegian property developer and manager based in Vestby, developing and managing residential and commercial real estate across the Oslo–Fredrikstad corridor, Follo, and Indre Østfold regions. It operates ~30 properties (~50,000 m2 commercial) and an active development pipeline, backed by Munch Holding AS and sister contractor J.I. Bygg AS.
- Ownership category
- akta.pro rank
Wessel Eiendom industry classification
Industry- Product category
- Real Estate Development and Property Management
- NAICS
- Nonresidential Building Construction (2362)
- SIC
- Real Estate (6500), Operative Builders (1531), Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- New Construction & Builder Sales (BPAJAAAB)
Keywords
Where Wessel Eiendom is headquartered
LocationHeadquarters
- HQ city
- Vestby
- HQ country
- Norway
- HQ region
- Europe
Offices1 record
Markets served
Wessel Eiendom business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Marketing or Sales
Revenue model
- Property Sales: Sale of residential properties including apartments and housing developments. Revenue is generated through outright property sales to end buyers. The company has completed projects like Wessel Park and Eik x Vestby, and develops properties for sale in the Oslo-Fredrikstad corridor.
- Property Rental: Rental income from residential apartments and commercial spaces. The company manages approximately 30 properties total, including 17 residential rental properties and 13 commercial properties totaling approximately 50,000 m2. Rental portfolio spans Vestby, Askim, and Drøbak areas.
- Development Project Management: Property development services including planning, regulatory navigation, and project execution for residential, commercial, and mixed-use developments. Revenue generated through completed development projects sold or retained for rental income.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Office space rental in Vestby coworking facility |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Wessel Eiendom product offering
Product offeringCore offering
Wessel Eiendom is a full-scale property developer and manager operating in central districts from Oslo to Fredrikstad, Follo, and Indre Østfold regions. The company develops, sells, and manages residential and commercial properties, including apartments, single-family homes, office spaces, and mixed-use developments, while also offering property rental and coworking office space services.
Product overview
Wessel Eiendom is a full-scale real estate developer and manager operating in the Oslo to Fredrikstad corridor, Follo, and Indre Østfold regions. The company operates three main service areas: (1) Property Development, creating residential and commercial projects from planning through construction; (2) Property Management, overseeing a portfolio of approximately 30 properties totaling around 50,000 m2 for both residential and commercial tenants; and (3) Property Sales, offering completed residential projects like Wessel Park and Eik x Vestby. The development portfolio includes active projects such as Krohgs Kvartal in Vestby (~70,000 m2), Son Teknologi- og næringspark (500 mål), and Marstrandsgate 8-10 in Oslo, alongside long-term projects spanning hundreds of mål in Son and surrounding areas. The company also operates office coworking spaces at Wessel Næringspark with approximately 19 offices available for rent. Wessel Eiendom is owned by Munch Holding AS and is a sister company to general contractor J.I. Bygg AS.
Differentiator
Problem solved
Functional benefit
Products and services
- Eiendomsutvikling (Property Development)
Quantifiable outcome
- 30 properties in portfolio managed across residential and commercial segments
- +2 more outcomes
Companies that use Wessel Eiendom
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles3 records
Wessel Eiendom technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Wessel Eiendom partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core, major and minor.
- J.I. Bygg AScoreSister company and totalentreprenør (general contractor). The relationship provides integrated development capabilities with in-house construction expertise, enabling seamless project execution from development through construction.
- Olav Thon Gruppen / Thon EiendommajorCollaboration partner for Wessel Park residential development project in Vestby. Thon Eiendom handles sales of apartments in the completed project, providing distribution and marketing expertise for the residential units.
- Son Handels- og NæringsparkmajorWessel Eiendom works together with Son Handels- og Næringspark to further develop the Sletta area in Son. This partnership focuses on continued development of the commercial and business park area.
- Porsche AGmajorWessel Eiendom developed the Porsche Classic Center Son facility, which is one of only three such centers worldwide. The facility was designed and built according to Porsche's international guidelines and standards.
- Miljøfyrtårn (Environmental Lighthouse) certified contractorsminorPreferred contracting partners who hold Miljøfyrtårn (Environmental Lighthouse) certification with a clear sustainability strategy. Focus on minimizing environmental impact, responsible operations, construction site safety, and proper waste management.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Wessel Eiendom competitors and assessment
Company assessmentDirect peers
- Entra ASA: Norwegian commercial real estate company specializing in office buildings. Comparable to Wessel's commercial portfolio (13 properties, ~50,000 m²) and active commercial developments such as Marstrandsgate 8-10 in Oslo.
- Aspelin Ramm: Oslo-based Norwegian real estate developer with a portfolio spanning residential, commercial, and mixed-use projects. Comparable to Wessel Eiendom as a developer with strong regional presence and integrated development capabilities across property types.
- Selvaag Bolig: Norwegian residential property developer focused on the greater Oslo region, developing and selling new-construction apartments. Comparable to Wessel's residential development arm (e.g., Wessel Park, Eik x Vestby) targeting similar commuter-belt buyer segments.
- Olav Thon Gruppen: One of Norway's largest real estate groups with extensive property development and ownership across residential and commercial. Wessel's distribution partner for Wessel Park and a direct competitor for residential buyers and tenants in the Oslo corridor.
Broad incumbents
- AF Gruppen: Norwegian contracting and property development group operating across construction, civil engineering, and real estate. Comparable to Wessel's integrated development profile via its sister company J.I. Bygg AS, though with significantly larger scale and national reach.
- Skanska Norge: Norwegian arm of global construction and development firm, active in commercial and residential development in Norway. Comparable to Wessel's active commercial and residential projects in the Oslo region and Follo corridor, though at materially larger project scale.
- Veidekke: Major Scandinavian construction contractor and residential/commercial property developer. Comparable to Wessel's combined development and sister-company construction model (J.I. Bygg AS), though at much larger national scale.
- OBOS: Norway's largest member-owned residential developer and housing manager with nationwide operations. Comparable to Wessel as a residential developer and property manager but operating at substantially larger scale across multiple Norwegian regions.
Regional players
- Bane Nor Eiendom: Norwegian state-owned railway property developer focused on transit-adjacent commercial and residential development. Comparable to Wessel's transit-oriented strategy (22-minute train to Oslo) but operating at the national level around rail infrastructure.
Others
- Malling & Co: Norwegian real estate advisory and brokerage firm focused on commercial properties. Comparable as a Norwegian commercial real estate ecosystem participant but offering advisory services rather than development or ownership like Wessel.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Wessel Eiendom social profiles
Digital presenceWessel Eiendom financial estimates
Financial estimateRevenue estimate
Valuation estimate
Wessel Eiendom leadership team
Management profileNumber of profiles
Profiles6 records
Wessel Eiendom funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Wessel Eiendom 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 Wessel Eiendom
What does Wessel Eiendom do?
Wessel Eiendom is a full-scale property developer and manager operating in central districts from Oslo to Fredrikstad, Follo, and Indre Østfold regions. The company develops, sells, and manages residential and commercial properties, including apartments, single-family homes, office spaces, and mixed-use developments, while also offering property rental and coworking office space services.
Is Wessel Eiendom a public or private company?
Wessel Eiendom is a private company. It is classified as corporate owned and is currently operating.
When was Wessel Eiendom founded?
Wessel Eiendom was founded in -1. It employs 1 to 10 people.
Where is Wessel Eiendom based?
Wessel Eiendom is headquartered in Vestby, Norway, in the Europe region.
How does Wessel Eiendom make money?
Three revenue lines are on record. Property Sales are the primary driver. The others are property Rental and development Project Management.
Who are Wessel Eiendom's main competitors?
Direct peers on record are Entra ASA, Aspelin Ramm, Selvaag Bolig and Olav Thon Gruppen. Broad incumbents are AF Gruppen, Skanska Norge, Veidekke and OBOS. Bane Nor Eiendom is listed as a regional player. Malling & Co is listed as an others.
Does Wessel Eiendom have an API?
No public API is recorded for Wessel Eiendom.
What industry is Wessel Eiendom in?
Wessel Eiendom's product category is Real Estate Development and Property Management. Its primary akta.pro industry code is BPAJAAAB, New Construction & Builder Sales. Its NAICS code is 2362 and its SIC code is 6500.