Vestenfjeldske Eiendom As

What Vestenfjeldske Eiendom As does

VestenFjeldske Eiendom AS is a Norwegian private limited company (AS) and wholly-owned subsidiary of Reitan Eiendom, founded in 1881 and headquartered at Vaskerelven 39 in Bergen, Norway. The company manages a portfolio of more than 30 commercial properties concentrated in Bergen city center, leasing office, retail, and restaurant space across both historic and modern buildings. Core assets include Castbergkvartalet (5,850 m² under development), Eldoradogården (4,039 m²), V39 (4,858 m², also the company HQ), Strandgaten 9 and 11, Danbolthuset, Autogården, Hotell Opus XVI and Hvite Hus, with tenants spanning banking (Danske Bank), consulting (Capgemini, Gabler), media (Bergensavisen, Mediavest), technology (Ambita), education (Norsk Frisørskole), pharmacy (Svaneapoteket) and F&B (Brasília Bergen, incoming August 2026). Beyond leasing, the company provides long-term property management, project development (notably the merging of five buildings into Castbergkvartalet around a shared atrium), and ancillary meeting-room and event-space rental at V39 with public pricing (NOK 2,000–2,500 per half-day slot).

The business model is anchored on recurring rental income from the owned portfolio, supplemented by pay-as-you-go meeting room rentals and a value-added Fordelsavtaler tenant benefits program covering 30+ local Bergen partners (dining, fitness, parking, hospitality, legal, office services) gated by a digital Leietakerbevis verification system. Go-to-market is direct and sales-led: relationship-based leasing managed by a small in-house team of ~12 employees (led by CEO Håvard Fjæreide) covering marketing, property management, technical operations, sustainability and administration. Distribution is primarily through the company website (vfeiendom.no), LinkedIn, industry events and direct outreach. Recent strategic activity includes three property acquisitions in Bergen city center during 2021-2022, a leadership change in late 2022, the 2025 HQ relocation to V39, and recognition in 2024 by Reitan Eiendom as "Årets profilbygger," plus a 2020 Bergen kommune Architecture and Urban Design Prize for V39 and a 2025 Deloitte Norway's Best Managed Companies designation for the parent.

Technology, integrations, AI capabilities and APIs are not materially disclosed; the operating technology is described only as a "property management and real estate development platform" with no public-facing API, no proprietary AI/ML assets, and no patents or trademarks. Revenue is not publicly disclosed. The company is exposed to single-geography (Bergen) concentration, prime-locational rent cyclicality, and dependency on parent Reitan Eiendom for capital and strategic direction, offset by 144 years of operating history, an irreplaceable central Bergen footprint, and a deepening tenant benefits ecosystem.

Name

Vestenfjeldske Eiendom As

Legal name

VestenFjeldske Eiendom AS

Website

https://vfeiendom.no

Company type

Private

Founded year

1881

Operating status

Operating

Headcount range

1–10 employees

Short description

VestenFjeldske Eiendom AS is a Bergen, Norway-based commercial property company (founded 1881) and wholly-owned subsidiary of Reitan Eiendom that owns and manages 30+ office, retail, and restaurant buildings in Bergen city center, leasing space to enterprise and SMB tenants.

Ownership category

akta.pro rank

Product category

Commercial Real Estate

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (53112), Lessors of Real Estate (5311), Accommodation (721)

SIC

Real Estate Operators (No Developers) & Lessors (6510), Operators Of Nonresidential Buildings (6512), Hotels & Motels (7011)

akta.pro primary industry

Office Tenant Representation (BPAJALAA)

akta.pro secondary industry

Urban & Downtown Full-Service Hotels (THAGAAAA)

Keywords

• Commercial property leasing
• Commercial real estate management
• Office space rental
• Retail property leasing
• Property development services

Headquarters

HQ city

Bergen

HQ country

Norway

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Commercial Property Rental: Rental income from office, retail, and restaurant spaces in Bergen city center properties. Properties include Castbergkvartalet, Eldoradogården, V39, Strandgaten 9 & 11, Autogården, Danbolthuset, Hotell Opus XVI, Hvite Hus, and others.
2. Meeting Room Rental: Rental of meeting rooms and event spaces at V39 (Vaskerelven 39) to tenants and external customers. Includes Mezzaninen, Takterrasse, and smaller meeting rooms.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

VestenFjeldske Eiendom owns, leases, and manages commercial real estate — primarily office, retail, and restaurant space — across more than 30 properties in Bergen city center, Norway. Its core services are commercial space rental, long-term property management, project development and rehabilitation of historic and modern buildings, and flexible meeting room and event space rental at the V39 (Vaskerelven 39) headquarters. The company also curates a tenant benefits program (Fordelsavtaler) with 30+ local Bergen partners offering discounts on dining, fitness, parking, hospitality, and professional services.

Product overview

VestenFjeldske Eiendom is a specialized real estate company managing 30+ properties in Bergen city center under Reitan Eiendom. The core offering is space leasing for office, retail, and dining purposes across historic and modern buildings. Supporting services include professional property management, project development for building rehabilitation, meeting room rental at V39 headquarters, and a comprehensive tenant benefits program (Fordelsavtaler) with 30+ local Bergen partners. The company also operates a tenant verification system (Leietakerbevis) to enable access to partner discounts.

Differentiator

Problem solved

Functional benefit

Products and services

• Utleie av lokaler (Commercial Space Rental) Leasing of office, retail, and restaurant spaces across 30+ properties in Bergen city center for businesses of all sizes. Available properties range from historic buildings to recently renovated assets such as Danbolthuset (renovated in 2024) and Castbergkvartalet (under development). Tenants include enterprise firms such as Capgemini, Danske Bank, Bergensavisen, and Gabler as well as SMB retailers and restaurants.
• Møteromsutleie (Meeting Room Rental at V39) Rental of flexible meeting rooms and event spaces at the V39 (Vaskerelven 39) headquarters in Bergen city center for tenants and external customers. Includes Mezzaninen, Takterrasse, and the reception area (2500 NOK ex VAT per half-day) plus Møterom Lite for 1–6 persons and Møterom Stort for 6–12 persons (2000 NOK ex VAT each), with optional coffee service.
• Eiendomsforvaltning (Property Management) Professional long-term management and administration of the commercial property portfolio, including tenant relations, maintenance coordination, and sustainability-driven operations. Provided by an in-house team including a Marketing & Property Manager, two Property Managers, a Technical Property Manager, an Operations Manager & Sustainability Officer, and an Operations Lead.
• Prosjektutvikling (Project Development and Rehabilitation) Rehabilitation and development of historic and modern buildings with respect for history and the future, including landmark projects such as the Castbergkvartalet (merging five buildings around a shared atrium, 5,850 m²), the Eldoradogården renovation behind an 1860s facade (4,039 m²), and the 2024 renovation of the historic Danbolthuset at Vetrlidsallmenningen 5.

Named customers15 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

Partnerships

20 partnerships are on record, tiered core and minor.

• Reitan EiendomcoreStrategic or Co-development PartnerParent company of VestenFjeldske Eiendom. Reitan is a major Norwegian real estate company with long traditions and long-term, responsible property management approach.
• Boccone RistoranteminorGTM or Marketing PartnerItalian restaurant in Bergen city center. Offers 15% discount on food for tenants presenting tenant certificate.
• MOVA TreningssenterminorGTM or Marketing PartnerFitness center offering tenants 15% discount on all memberships, free enrollment (value 250 NOK), and no administration fee.
• Sumo RestaurantminorGTM or Marketing PartnerAsian fusion restaurant chain. Tenants get 25% CashPoints on take-away, 15% CashPoints in restaurant, and 20% discount on take-away.
• Aimo ParkminorGTM or Marketing PartnerParking services provider. Offers discounted monthly parking rates for tenants at CityPark P-hus in Markeveien, Bergen.
• ParkNminorGTM or Marketing PartnerSocial activity venue with games. Tenants receive 25% discount on all games, every day of the week.
• VIVA Skin ClinicminorGTM or Marketing PartnerBergen's premier beauty clinic specializing in injections and medical skincare. Offers 20% discount on filler treatments.
• ELINE BANGminorGTM or Marketing PartnerJewelry brand based in Bergen. Tenants get 20% discount on regular items at Eline Bang and Don Bang.
• FollestadminorGTM or Marketing PartnerQuality clothing store established 1923. Family-owned business offering quality fashion for men and women. 15% discount for tenants.
• Hotell Opus XVIminorGTM or Marketing PartnerLuxury hotel in Bergen (1876 building). Tenants get 20% discount on accommodation, 10% on breakfast/dinner, 15% on meetings/conferences.
• Bergen Sentrum ASminorStrategic or Co-development PartnerBergen city center business association. Collaboration partnership for city center development and promotion.
• Tertnes Håndball EliteminorGTM or Marketing PartnerHandball club partnership. Tenants get 6 VIP tickets per home game with simple service. Collaboration for sports sponsorship.
• Bergen HåndballminorGTM or Marketing PartnerPartnership for stronger city through sports collaboration.
• Salgs- og Reklameforeningen i Bergen (SRF)minorGTM or Marketing PartnerSales and Advertising Association in Bergen. 500 NOK discount on membership for 2026 for tenants.
• Scandic HotelsminorGTM or Marketing PartnerNordic hotel chain. Fixed 14% discount on hotel stays for tenants at nearly 230 hotels.
• CMS Kluge AdvokatfirmaminorGTM or Marketing PartnerFull-service business law firm. Discounted rates on legal services for tenants.
• CoorminorGTM or Marketing PartnerFacility management services provider. Offers discounted cleaning services. Already delivers services at several company addresses.
• KinnarpsminorGTM or Marketing PartnerOffice furniture supplier. Extra good conditions on products, extended services and warranties for tenants.
• LindbakminorGTM or Marketing PartnerNationwide office solutions supplier. Discounted prices on office furniture, AV equipment, printers, coffee machines, IT solutions and supplies.
• Bergen ParkeringminorGTM or Marketing PartnerParking solutions in Bergen center. 20% discount on fixed-price agreements at GriegGarasjen and Klostergarasjen.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Malling & Co: Bergen-headquartered commercial real estate advisor and leasing specialist. Directly comparable in market and customer base (Bergen office/retail occupiers) and overlaps in office tenant representation and city-center asset services.
• Profier: Bergen-based commercial real estate broker focusing on office, retail, and investment properties. Directly comparable in Bergen tenant-landlord intermediation and city-center deal flow.

Broad incumbents

• Bane NOR Eiendom: Real estate arm of Bane NOR, developing commercial properties around Norwegian transit hubs. Comparable as a broad incumbent developing and leasing commercial real estate across Norway.
• OBOS Eiendom: Real estate developer and operator within the OBOS group with both residential and commercial exposure. Comparable as a broad Norwegian property owner-operator with similar long-term stewardship philosophy.
• Entra ASA: Leading Norwegian owner, developer, and manager of prime office properties, primarily in Oslo. Comparable as a broad incumbent in commercial office leasing and property management.
• Norwegian Property ASA: Listed Norwegian commercial real estate company focused on prime office properties in Oslo. Comparable as a broad incumbent office landlord with portfolio management of institutional-grade assets.
• Olav Thon Gruppen: Large Norwegian real estate group with significant office and retail portfolios including hotels and shopping centers. Comparable as a broad incumbent commercial landlord operating across multiple Norwegian cities.

Others

• Scandic Hotels: Nordic hotel operator that operates properties in Bergen and is one of Vestenfjeldske's tenant benefit partners. Comparable as a partner/tenant rather than a direct competitor, but reflects the company's overlap with hospitality assets such as Hotell Opus XVI.

Regional players

• Heimdal Gruppen: Vestland-based real estate group active in commercial property development. Comparable as a regional player competing for Bergen city-center redevelopment and leasing mandates.
• Kleppe Eiendom: Norwegian commercial real estate owner-operator with Bergen and broader Vestland presence. Comparable as a regional player in similar commercial property categories.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/vfeiendom
• LinkedInlinkedin.com/company/vestenfjeldske-eiendom-as

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Vestenfjeldske Eiendom As