Name

Brække Eiendom AS

Legal name

Brække Eiendom AS

Website

https://brekke-eiendom.no

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Commercial Real Estate

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (53112), Real Estate Property Managers (53131), Nonresidential Property Managers (531312)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

akta.pro secondary industry

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)

Keywords

• Commercial real estate leasing
• Property management services
• Property development
• Commercial property investment
• Office warehouse logistics space

Headquarters

HQ city

Drammen

HQ country

Norway

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Commercial Property Rental: Core revenue stream from renting out owned commercial properties. Portfolio spans office, warehouse, combination, retail, showroom, production, hotel/hospitality, and activity spaces across Drammen, Tønsberg, and Sandefjord. Rental agreements with ~330 tenants generate recurring income.
2. Property Management Services: Brække Eiendom provides property management services (forvaltning) to its own and partner-owned properties, including technical management, tenant follow-up, lease renegotiation, and project/maintenance services. This is bundled with property ownership and generates service income.
3. Property Development and Transactions: The subsidiary Brække Utvikling AS (established 2018) handles new acquisitions, development projects, and transactions, creating value through property development and portfolio growth. Revenue arises from development gains and transaction fees within the group.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Brække Eiendom AS owns, develops, manages, and leases approximately 230,000 square meters of commercial real estate across Drammen, Tønsberg, and Sandefjord in Norway. The portfolio spans office, warehouse, retail, combination, hotel/hospitality, and logistics properties serving over 330 business tenants. Core activities include property leasing, day-to-day property management with in-house operations staff, property development through subsidiary Brække Utvikling AS, and property investment through wholly-owned and co-owned investment vehicles.

Product overview

Brække Eiendom AS operates as a commercial real estate company offering a unified platform of property-related services including property development, property management, property investment, and commercial space leasing. The company's core offering centers on developing, managing, and leasing approximately 230,000 square meters of commercial property across Drammen, Tønsberg, and Sandefjord regions in Norway. Support services include daily property operations with four full-time operations staff, sustainability management through their sustainability program, and project development via subsidiary Brække Utvikling AS. The portfolio spans office spaces, warehouses, retail/commercial units, combination properties, and logistics facilities serving over 330 tenants.

Differentiator

Problem solved

Functional benefit

Products and services

• Leasing of Commercial Spaces Rental of office, warehouse, retail, combination, hotel/hospitality, and logistics properties to business tenants across Drammen, Tønsberg, and Sandefjord. Portfolio spans approximately 230,000 sqm with over 330 active lease relationships.
• Property Management Daily management and maintenance of commercial properties including technical management, tenant follow-up, lease renegotiation, and project/maintenance services. Performed by in-house driftsavdelingen with 4-5 full-time operations staff and dedicated property managers.
• Commercial Property Development Development of new commercial properties and renovation of existing buildings for lease to business tenants across the Drammen and Vestfold regions. Includes new builds such as Star Næringspark expansion, Åssiden, and bespoke fit-outs (e.g., Flow yoga studio, Drammen Logopedtjeneste). Approximately 20,000 sqm under active development.
• Property Investment Investment in commercial real estate through wholly-owned and partially-owned investment companies (BGM Eiendom, Brække Melbye Holding, BR Eiendom AS, Realkapital 5). Portfolio totals approximately 230,000 sqm across 30+ properties, including recent 2025 acquisitions of Hauganveien 293 (13,500 sqm, fully leased to Posti) and Åshaugveien 62 (7,000 sqm).
• Driftstjenester (Operations Services) Property maintenance and operational support delivered by four full-time operations staff who visit properties daily, plus an emergency response line (vakttelefon: +47 916 20 362) outside office hours. Includes waste management, fire safety oversight, parking coordination, key ordering, and renovation/refurbishment support for tenants.

Quantifiable outcome

• 230,000 sqm of commercial property managed
• +3 more outcomes

Named customers17 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• Brække Utvikling AScoreStrategic or Co-development Partner · 1 January 2018Subsidiary established in 2018 by Kristoffer Brække to focus on new projects, property transactions, and the general development of the group. Operates in close collaboration with Brække Eiendom's property management arm — Brække Utvikling handles acquisition/transaction process while Brække Forvaltning takes over operational management. Represents an internal co-development partnership.
• Kristoffer BrækkecoreOthers · 1 January 2018Son of founder Stein Erik Brække. Joined the company in 2004, established Brække Utvikling AS in 2018. Leads all new projects, transactions, and portfolio development. Key individual behind both the development subsidiary and the strategic REQ Investment partnership.
• TrebominorOthersConstruction company. Brække Holding holds 100% ownership. Used for building and construction projects within the Brække portfolio. Collaborated on Star Næringspark office expansion and other fit-out projects.
• Frame ArkitekturminorStrategic or Co-development PartnerArchitecture firm. Brække Holding holds 20% ownership. Led by Pia Brække Lislerud. Works on property fit-outs and new builds within the Brække portfolio (e.g., Flow yoga studio, Star Næringspark interiors, Gyldenløve Brygge projects). Frame does not participate in open tenders for Brække Group projects.
• BGM EiendomminorOthersCo-owned investment vehicle (40% Brække Holding) established in 2010 together with co-investors. Focused on warehouse and combination properties. Ringeriksveien 16 was the first acquisition. Made multiple buys and sales in subsequent years.
• Brække Melbye HoldingminorOthersCo-investment entity with 50% Brække Holding ownership. Used for selected property co-investments.
• Cushman & WakefieldminorOthersInternational commercial real estate consultancy. Acted as advisor to the seller in the acquisition of Nedre Eikervei 37-39. Also collaborated on the Nedre Eikervei transaction with Realkapital Investor. Transaction advisor only, not an ongoing GTM partnership.

Scale indicators7 records

Recent moves12 records

Expansion highlights6 records

Others

• CBRE: World's largest commercial real estate services and investment firm. Comparable as a global CRE advisor that Norwegian regional owners like Brække would engage for capital markets, valuation, and large transaction support.
• Cushman & Wakefield: Global commercial real estate services firm. Specifically named as Brække's transaction advisor on the Nedre Eikervei 37-39 acquisition, indicating direct working relationship. Comparable as a CRE partner/advisor though operating in a different role.

Direct peers

• Norwegian Property ASA: Publicly-listed Norwegian commercial real estate company focused on office properties in the Oslo region. Directly comparable business model of owning and managing commercial property for B2B tenants, though at much larger scale and concentrated in Oslo.
• Aspelin Ramm: Oslo-headquartered Norwegian property developer and owner of commercial real estate, including mixed-use urban projects. Comparable to Brække in combining development with long-term ownership and management of commercial assets.
• Malling & Co: Norwegian commercial real estate advisory and transaction firm, repeatedly referenced in Brække's data (former employer of staff, transaction advisor, tenant). Direct overlap in the Drammen/Vestfold market and in serving B2B tenants seeking commercial space.
• OBOS Eiendom: Commercial real estate arm of the OBOS cooperative, developing and managing commercial properties in the Oslo region and other Norwegian cities. Comparable in combining development with ownership/management and serving business tenants.

Broad incumbents

• KLP Eiendom: Real estate arm of Norway's largest pension company, owning and managing a large commercial portfolio including office, retail, and hotels across Norway. Comparable as a long-term Norwegian commercial property owner with institutional capital backing.
• Olav Thon Eiendomsselskap: Norway's largest privately-held commercial real estate owner/manager with a portfolio spanning office, retail, hotels, and residential. Comparable to Brække in owning and managing commercial property for rent, but operates at vastly greater scale nationally and in Sweden.
• Heimstaden: Major Nordic residential and commercial real estate owner/operator headquartered in Sweden. Comparable as a Nordic property owner/manager, and explicitly cited as Son André Hval's former employer, indicating talent flow and competitive overlap in the Norwegian CRE market.

Regional players

• Ragde Eiendom: Norwegian family-owned commercial real estate company operating in regional Norwegian markets. Comparable in being a privately-held, multi-generational CRE owner with mixed-use portfolios, though focused on different regions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries6 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 Brække Eiendom AS