Sartor Holding

What Sartor Holding does

Sartor Holding AS is a Norwegian private real estate holding company headquartered in Straume (Sotra), Norway, with operations spanning property management, commercial and residential development, and leasing. Founded in 1976, the company operates through 14 or more wholly-owned subsidiaries and oversees a portfolio that includes Sartor Storsenter — Norway's eighth-largest shopping center with approximately 93,000 m² of gross building mass, roughly 170 businesses, and about 5.3 million annual visitors — alongside adjacent commercial parks, residential developments, hospitality assets, and supporting infrastructure.

The company's core product is integrated mixed-use real estate, combining retail, F&B, financial services, entertainment, residential, and increasingly hospitality under a single local-area master plan. Notable physical components include the Sartor Nærvarme geoenergy system (160–170 boreholes at approximately 200 m depth) that supplies heating and cooling across the estate, the Høyhuset high-rise development, and an apartment hotel (Leilighetshotell) opened in April 2025. Sartor also collaborates with established Norwegian developers such as Veidekke and OBOS on joint residential projects such as Straumehagen.

Sartor generates revenue primarily through rental income from commercial tenants, residential property sales and rentals, and management fees across its subsidiaries, with the long-term Sotra Kystby urban development program acting as the principal multi-year growth driver. Its customer base is a blend of national retail and service chains — including Rema 1000, Mester Grønn, Meny, DnB, SR-Bank, ODEON Kino, and Rusta — and independent local operators. The company employs roughly 100 people across its operating subsidiaries and maintains deep working relationships with municipal authorities in the Sotra/Øygarden region.

Name

Sartor Holding

Legal name

Sartor Holding AS

Website

https://sartorholding.no

Company type

Private

Founded year

1976

Operating status

Operating

Headcount range

1–10 employees

Short description

Sartor Holding AS is a Norwegian private real estate holding company that develops, manages, and leases commercial and residential properties in the Sotra region, anchored by Sartor Storsenter, Norway's eighth-largest shopping center.

Ownership category

akta.pro rank

Product category

Commercial Real Estate

NAICS

Real Estate Property Managers (53131), Management of Companies and Enterprises (55111), Offices of Real Estate Agents and Brokers (531210)

SIC

Operators Of Nonresidential Buildings (6512), Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Land & Development Site Brokerage (BPAJABAG)

akta.pro secondary industry

Specialty & Entertainment Venue Property Management (BPAJAGAO)

Keywords

• Commercial property leasing
• Shopping center operations
• Real estate development
• Property management services
• District energy heating

Headquarters

HQ city

Straume

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property Rental - Commercial: Sartor Holding generates revenue from leasing commercial spaces including retail units in shopping centers, office buildings, and mixed-use properties. The commercial portfolio includes Sartor Storsenter (approximately 170 businesses), Sartorparken (4,500 m2), Sartorgården (4,000 m2), and other properties.
2. Property Development and Sales: The company develops residential and commercial properties for sale, including projects like Grønahagen Borettslag, Ankerhagen, Straumeporten Borettslag, and other housing developments.
3. Property Management Services: Sartor Holding AS is the parent company in the Sartor Group managing subsidiary companies including Eiendomsdrift Vest AS for property operations and maintenance services.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Sartor Holding AS is the parent company of the Sartor Group and operates a portfolio of commercial, retail, office, and residential real estate anchored by Sartor Storsenter (Norway's 8th largest shopping center). The company's core business is property management and development with particular focus on shopping center operations and the urban development of the Sotra Kystby regional center, supplemented by a proprietary geothermal (geoenergy) district heating and cooling system.

Product overview

Sartor Holding AS operates as a real estate management and development company serving as the parent company of the Sartor Group. The portfolio is organized around three core areas: (1) Shopping center and commercial property operations centered on Sartor Storsenter (Norway's 8th largest shopping center) and complementary commercial buildings including Sartorparken, Sartorgården, Straumehagen, and parking facilities; (2) District energy services through Sartor Nærvarme's geothermal heating and cooling system; and (3) Residential and mixed-use property development including projects within the Sotra Kystby urban development zone such as Grønamyrskvartalet, Grønahagen Borettslag, Grønatunet, Ankerhagen, Straumeporten Borettslag, and Kysthagen Sameie, plus commercial/hospitality projects like ODEON Kino Sotra and Leilighetshotell på Straume. The company offers office and retail space leasing through its property portfolio.

Differentiator

Problem solved

Functional benefit

Products and services

• Sartor Storsenter Shopping center managed by Sartor Holding; Norway's 8th largest shopping center as of 2018, hosting approximately 170 businesses including 130 shops and eateries, generating ~2.3 billion NOK in sales and ~5.3 million annual visitors.
• Sartorparken Commercial property building in Straume, Sotra, with approximately 4,500 m² of commercial space across 2 floors housing retail tenants (e.g., Rema 1000, Mester Grønn, Asiaten Mat, Rusta, Dominos Pizza, Barnegleder).
• Sartorgården Mixed-use building in Straume with 4,000 m² of commercial space across 2 floors (tenants include Meny Sartor, DnB, Fana Sparebank, Colosseum Tannklinikk, E&Y, Advokat Stiegler) plus 51 apartments above the commercial floors.
• Straumehagen Mixed-use building combining 1,700 m² of retail space (tenants include Skousen, Byggtorget, SR-Bank) and 43 residential units, co-developed with Veidekke Eiendom and OBOS.
• Sartor Nærværme District Energy Geoenergy district heating and cooling system with 160-170 geothermal boreholes drilled approximately 200 meters into bedrock, supplying sustainable thermal energy to Sartor Storsenter and surrounding buildings and supporting further Sotra Kystby development.
• Kystbygarasjen Parking Facility Underground parking facility in Straume with capacity for 1,500 vehicles, built similarly to Klostergarasjen in Bergen, connected to the Kystbyen development above through 12 high-speed elevators.
• Sotra Kystby Urban Development Comprehensive master-planned urban development project covering Straume and Bildøy in Fjell municipality, centered on expansion of Sartor Storsenter and encompassing underground parking, new streets, pedestrian zones, cinema, retail, restaurants, residential units, and a hotel, plus environmental cover over road 555.
• Grønahagen Borettslag Residential Building Mixed-use residential and commercial building completed Q4 2021 containing 54 apartments in varied sizes and approximately 900 m² of commercial space on the ground floor, with shared-services reception for Grønamyrskvartalet.
• Grønatunet Rental Building Rental building with 56 rental units in various sizes and an approximately 120 m² shared common room in the basement for events and gatherings, serving the Grønamyrskvartalet area.
• Ankerhagen Residential Project Residential project of 50 apartments completed in summer 2011, developed by the Altus Eiendom AS subsidiary; all units were sold prior to completion.
• Straumeporten Borettslag Residential complex of 60 apartments completed in 2018, located adjacent to the new Park in central Sotra Kystby and within walking distance of Sartor Storsenter, the bus terminal, and the new health center.
• ODEON Kino Sotra Cinema Cinema located on the 3rd floor of Sartor Storsenter with 5 screens and approximately 600 seats (largest 250, others 150/100/75/50), operated by ODEON Kino with around 150,000 annual visitors.
• Leilighetshotell på Straume (Apartment Hotel) Apartment hotel with 54 rooms, conference facilities for up to 100 persons in a main hall plus smaller conference rooms, restaurant, and additional rentable area; developed by Veidekke and opened April 2025.
• Kysthagen Sameie (Soltun) Residential Development Planned residential development on the Soltun hill west of Sartorparken comprising approximately 100 residences in various sizes; sales launch for Kysthagen Sameie began mid-2021.

Quantifiable outcome

• Annual turnover of approximately NOK 2.3 billion at Sartor Storsenter
• +1 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered core and major.

• Nordic - Office of ArchitecturecoreStrategic or Co-development Partner · 22 February 2013Nordic-Office of Architecture won the architectural competition completed on February 22, 2013. Their proposal 'Da Straume ble til by' (When Straume became a city) has been used as a basis for developing 'Sotraplassen' and the Høyhuset (high-rise) project in Sotra Kystby.
• Veidekke EiendommajorStrategic or Co-development PartnerVeidekke Eiendom collaborated with OBOS and Sartor Holding on the Straumehagen project, a mixed-use building with commercial space and 43 apartments opened in 2016. The project comprises 1,700 m² of commercial space.
• OBOSmajorStrategic or Co-development PartnerOBOS collaborated with Veidekke Eiendom and Sartor Holding on the Straumehagen residential project, contributing to the development of 43 apartments in a mixed-use building.
• StorBergencoreStrategic or Co-development PartnerStorBergen partnered with Altus Eiendom AS on the Sartorgården project, which was completed in 2013. The building contains 4,000 m² of commercial space and 51 apartments.
• ODEON KinocoreChannel Partner/ Reseller/ DistributorODEON Kino operates the cinema in Sartor Storsenter, located on the 3rd floor with 5 screens and approximately 600 seating capacity. Annual attendance is around 150,000 visitors.
• VeidekkemajorStrategic or Co-development PartnerVeidekke is the developer for the apartment hotel project on Straume, containing 54 rooms with conference facilities for up to 100 people. The hotel opened in April 2025.
• Altus Eiendom AScoreStrategic or Co-development PartnerAltus Eiendom AS was the developer for the Ankerhagen residential project, consisting of 50 apartments completed in summer 2011. All units were sold well before completion.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Atrium Ljungberg: Swedish commercial real estate company that owns and develops mixed-use urban properties with a strong sustainability profile, including retail-led destinations. Comparable in Nordic mixed-use development approach, recurring rental model, and emphasis on district energy/sustainability.
• Citycon: Nordic specialist shopping-center owner and operator with a portfolio concentrated in the Nordics, including Norway. Closest publicly listed peer in terms of asset class (community shopping centers) and recurring rental-income model.
• Steen & Strøm: Major Norwegian shopping center operator owned by Klépierre, managing a portfolio of leading Norwegian retail destinations. Directly comparable to Sartor Storsenter operations in terms of tenant mix, mall-management services, and Norwegian geography.
• Olav Thon Gruppen: Norway's largest privately held real estate group, owning and operating a national portfolio of shopping centers (including the Thon Center chain), commercial properties, and hotels. Most directly comparable peer to Sartor due to overlapping shopping-center ownership/operator model and similar Norwegian private-holding structure.

Broad incumbents

• Entra ASA: Leading Norwegian owner and operator of office real estate, focused on sustainable, modern workplaces. Comparable in scale and Norwegian footprint but oriented to office rather than retail/mixed-use.
• OBOS: Norway's largest housing cooperative and a major residential developer, also a confirmed co-development partner of Sartor Holding on the Straumehagen project. Comparable on the residential development and mixed-use side of Sartor's pipeline.
• Norwegian Property ASA: Norwegian commercial real estate company focused on prime office properties in Oslo. Comparable as a Norwegian commercial-property owner but with a primarily office (rather than retail-shopping-center) focus.

Others

• AF Gruppen: Norwegian construction and civil engineering group active in commercial building and property development across Norway. Comparable as a partner/vendor to Sartor's mixed-use development pipeline rather than as a property owner/operator.
• Malling & Co: Norwegian commercial real estate advisory, brokerage, and property management firm. Comparable as a Norwegian real estate services peer supporting shopping center and commercial property investors/owners, rather than as a direct competitor.

Emerging players

• Heimstaden: Major Nordic residential real estate company owning and developing rental housing across Sweden, Norway, Denmark, Germany, and beyond. Comparable to Sartor's residential development arm (Straumeporten, Grønahagen, Grønatunet, Kysthagen Sameie) and growing Norwegian footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/sartor-holding-as

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries14 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 Sartor Holding