Nordicon, Nordic Icon Consulting Oy / Nordic Icon Group Ng Oy

What Nordicon, Nordic Icon Consulting Oy / Nordic Icon Group Ng Oy does

Nordicon is a privately held Finnish real estate consulting and development group operating through two legal entities — Nordic Icon Consulting Oy and Nordic Icon Group NG Oy — headquartered in Vantaa, Finland, with a secondary office in Tallinn, Estonia. Founded in 2008, the firm positions itself as an independent real estate developer using the "American model": it sources projects, structures deals, and manages development while financing and balance sheet risk sit with partner construction firms, investors, and users. Its leadership team of approximately 10 professionals carries 20-40 years of experience in real estate, construction, M&A, and corporate restructuring, and the broader team has executed more than 2 million square metres of commercial projects and EUR 1.5 billion of property sales since 1998.

The company operates six service lines delivered as a single-source offering: real estate development, real estate consulting (buying, selling, leasing), construction consulting (land use, architectural and structural engineering, cost estimation, project management), M&A and corporate restructuring, housing services (investment apartments and rental housing in growth centers), and real estate valuation delivered through partner Suomen Kiinteistöarviointi Oy. Revenue is generated through professional services fees, development fees with profit-sharing on partner-financed projects, and transaction-based fees on property sales and acquisitions. Customer relationship managers maintain constant contact with property owners, retail chains seeking premises, logistics operators, and the largest 1000-2000 companies in Finland, supported by direct relationships with nearly 100 foreign investors and all key domestic real estate investors.

Nordicon serves a horizontal mix of customers including real estate investors, construction firms, retail chains, logistics and transport companies, small and mid-cap companies undergoing M&A or restructuring, and Finnish municipalities. Geographic reach spans Finland, Estonia, Latvia, Lithuania, and the broader Nordic region. Distribution is exclusively direct — a multilingual website in seven languages (Finnish, English, Swedish, Estonian, Latvian, Lithuanian, German), a Facebook page, and direct expert outreach — with no reseller or third-party channel. Current turnover is approximately EUR 2.5 million, with an articulated target of EUR 6-8 million by 2026-2028 supported by a pipeline of nearly 200 projects scheduled for 2026-2029.

Name

Nordicon, Nordic Icon Consulting Oy / Nordic Icon Group Ng Oy

Legal name

Nordic Icon Consulting Oy / Nordic Icon Group NG Oy

Website

https://nordicon.fi

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1–10 employees

Short description

Nordicon is a Finland-based independent real estate development and consulting firm that brokers property transactions, development projects, and M&A advisory across Finland and the Baltics for investors, construction firms, retail chains, logistics operators, and municipalities.

Ownership category

akta.pro rank

Product category

Management Consulting

NAICS

Management Consulting Services (54161), Administrative Management and General Management Consulting Services (541611), Other Management Consulting Services (541618)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Corporate Strategy Advisory (BPAHADAA)

Keywords

• Management consulting
• Business advisory services
• Strategic consulting
• Corporate advisory
• Nordic consulting

Headquarters

HQ city

Vantaa

HQ country

Finland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations

Revenue model

1. Real Estate Development Services: Nordicon acts as an independent real estate developer implementing projects throughout Finland through the balance sheets of its various partners (construction firms, users, investors). Revenue is generated through development fees and profit sharing arrangements.
2. Consulting Fees: Fees for real estate consulting, construction consulting, and corporate restructuring advisory services provided to buyers, sellers, and investors nationwide.
3. Transaction-based Fees: Fees from facilitating property sales, acquisitions, and mergers. The company has facilitated property sales worth EUR 1.5 billion since 1998.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Nordic Icon Consulting Oy (trade name Nordicon) is a Nordic consulting firm offering advisory services to corporate clients. The legal structure references a parent/holding entity (Nordic Icon Group Ng Oy), suggesting a corporate group that delivers professional consulting services primarily to business customers in the Nordic region.

Product overview

Nordicon operates as a unified real estate and business services company offering an integrated portfolio of six core service lines. The primary offerings include Real Estate Development (the company's core competency involving property acquisition, project planning, and development), Real Estate Consulting (buying, selling, and leasing services), Construction Consulting Services (expert land use and building services), Mergers and Acquisitions/Corporate Restructuring (independent M&A advisory), Housing Services (investment apartment consulting), and Real Estate Valuation Services (delivered through partner Suomen Kiinteistöarviointi Oy). The company functions as a single-source provider where clients can access multiple interconnected real estate services, with all offerings supported by a partner network covering Finland, the Baltics, and broader Nordic regions.

Differentiator

Problem solved

Functional benefit

Products and services

• Management Consulting Services Professional advisory and consulting services delivered to business clients in the Nordic region under the Nordicon brand, operated through Nordic Icon Consulting Oy.

Quantifiable outcome

• EUR 1.5 billion in property sales since 1998
• +3 more outcomes

Segments6 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Suomen Kiinteistöarviointi OycoreImplementation/ SI/ Consulting PartnerNordicon's partner company for real estate valuation services. Suomen Kiinteistöarviointi Oy provides nationwide AKA and KHK valuation statements for various residential and business premises. The partner has over 35 years of experience in banking, construction, and property valuation sectors.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Catella: Nordic-headquartered real estate investment advisor with strong Finnish and Baltic presence, active in property transactions, fund advisory, and corporate finance. Comparable to Nordicon on cross-border Nordic-Baltic deal sourcing and investment-focused real estate services.
• Colliers: Global real estate services firm with an established Finnish practice covering investment sales, landlord/tenant representation, valuation, and project advisory. Comparable to Nordicon in offering integrated real estate and capital markets advisory to Finnish investors and corporate occupiers.
• Newsec: Nordic-focused real estate advisor offering property transactions, advisory, and asset management across the Nordics and Baltics. Highly comparable to Nordicon in geography, client base (institutional investors and occupiers), and integrated service lines including valuation, leasing, and investment advisory.

Broad incumbents

• Savills: Global real estate advisor with Nordic operations covering investment, valuation, and commercial leasing. Comparable to Nordicon in serving institutional and private real estate investors seeking Finnish and Nordic exposure, with broader international reach.
• Knight Frank: Global real estate consultancy with Nordic presence offering commercial and residential property advisory, investment, and valuation services. Overlaps Nordicon on cross-border investor advisory and prime real estate mandates across the Nordics.
• CBRE: World's largest commercial real estate services firm with Finnish operations spanning investment properties, occupier services, valuation, and project management. Competes for the same large institutional investor and corporate occupier mandates as Nordicon, but at global scale.
• JLL (Jones Lang LaSalle): Global real estate investment and advisory firm with a dedicated Finnish business covering investment sales, leasing, valuation, and project development. Overlaps Nordicon on commercial real estate advisory for institutional investors and corporate occupiers, particularly on cross-border mandates.
• Cushman & Wakefield: Global real estate services firm with Finnish and Baltic operations covering capital markets, valuation, project and development services, and occupier advisory. Comparable as a competitor for the same investor and corporate clients Nordicon serves, though Cushman & Wakefield operates at much greater scale and global breadth.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/nordicon.fi
• LinkedInlinkedin.com/company/nordic-icon-consulting-oy-nordic-icon-group-ng-oy

Revenue estimate

Valuation estimate

Number of profiles

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 Nordicon, Nordic Icon Consulting Oy / Nordic Icon Group Ng Oy