Vestkanten As

What Vestkanten As does

Vestkanten As is a private Norwegian operating company that runs Thon Senter Vestkanten, a regional shopping center at Loddefjordveien 2 in Loddefjord (Vestland), as part of the Thon Group's national portfolio of more than 80 shopping centers and 70 Thon Hotels. The center, formerly known as Vestkanten Storsenter before being rebranded under the Thon Senter identity, comprises 115 retail stores across multiple floors, 18 food and beverage outlets, and 1,000 parking spaces with two hours of complimentary parking, operating daily from 10:00 to 21:00.

The company's offering is a hybrid physical-and-digital retail platform. Beyond third-party retail tenants — covering fashion (Selected, Floyd, Change Lingerie, Lekia), grocery (Meny), telco (Telia), ticketing (Ticket), fitness (SATS), and dining (Peppes Pizza, Kjøkken & Kaffe, Gulating Ølutsalg, Decades) — Vestkanten As operates proprietary on-site service brands including Vestkanten Minigolf, Vestkanten Fysioterapi og Akupunktur, and Vestkanten Bil & MC-skole (driving/motorcycle school). Supporting infrastructure includes the Min Shopping mobile application for iOS/Android, a customer loyalty program (Kundeklubb), free WiFi, recurring themed content (Magasin, Sommerfavoritter), and seasonal promotional campaigns (e.g., Sommerkuponger i juli, 1–31 July). The center participates in the DittGavekort (dittgavekort.no) gift card network, accepted at 4,000+ stores across 80+ shopping centers and 70 Thon Hotels.

The revenue model is a B2B landlord/tenant arrangement: Vestkanten As generates income through rental agreements with retail stores, restaurants, and service providers operating inside the mall, and does not sell products or services directly to end consumers. The customer base is primarily individual consumers and local residents in the Bergen metropolitan area seeking a centralized retail, dining, health, and leisure destination, served across all major shopping occasions rather than a defined niche segment. Operational cadence is mainstream Norwegian regional-mall practice: extended daily trading hours, year-round promotional calendar, and integration into the parent's national brand and gift-card ecosystem.

Name

Vestkanten As

Legal name

Vestkanten As

Website

https://vestkanten.no

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Vestkanten As is a private Norwegian company operating Thon Senter Vestkanten, a 115-store, 18-F&B regional shopping center in Loddefjord (Bergen) with 1,000 parking spaces, owned within the Thon Group's national mall and hotel portfolio.

Ownership category

akta.pro rank

Product category

Shopping Center Operations

NAICS

Restaurants and Other Eating Places (72251)

SIC

Retail-Eating & Drinking Places (5810)

akta.pro primary industry

Terminal Retail, Food & Beverage & Concessions (TLAHAEAI)

Keywords

• Shopping center operations
• Retail property management
• Commercial real estate leasing
• Mall management services
• Retail leasing

Headquarters

HQ city

Loddefjord

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Others

Distribution channels3 records

Marketing channels5 records

Core offering

Vestkanten As operates Thon Senter Vestkanten, a regional shopping center in Loddefjord, Bergen, comprising 115 retail stores, 18 food and beverage outlets, 1,000 parking spaces, and a suite of consumer-facing services including a customer loyalty club, gift cards, and a mobile application. Revenue is generated primarily through tenant rental agreements with retail, F&B, and service operators, supported by ancillary on-site attractions such as minigolf, a driving school, and physiotherapy/acupuncture services.

Product overview

Thon Senter Vestkanten (formerly Vestkanten Storsenter) operates as a shopping center platform managed by Vestkanten As, featuring 115 retail stores and 18 food and beverage establishments across multiple floors. The center provides physical retail space for tenants as well as proprietary branded services including Vestkanten Minigolf (Plan 1), Vestkanten Fysioterapi og Akupunktur (ground level), and Vestkanten Bil & MC-skole (Plan 0). The platform also encompasses a customer loyalty program (Kundeklubb), a mobile shopping application (Min Shopping-app), free WiFi services, and gift card functionality through DittGavekort. The center offers 1000 parking spaces with 2 hours free parking.

Differentiator

Problem solved

Functional benefit

Products and services

• Thon Senter Vestkanten A large regional shopping center in Loddefjord, Bergen, operated by Vestkanten As as part of the Thon Group, providing leased retail, food and beverage, and service space to tenants and serving everyday consumer shopping needs of the local catchment.
• Kundeklubb (Loyalty Club) Customer loyalty club for Thon Senter Vestkanten shoppers, allowing members to register and access member benefits via the Min Shopping mobile application.
• Min Shopping Mobile App Proprietary mobile application for Thon Senter Vestkanten that enables loyalty club registration, shopping center information, and member services for consumers.
• DittGavekort Gift Cards Gift card product for Thon Senter Vestkanten distributed online via dittgavekort.no, redeemable across participating retailers within the center.
• Vestkanten Minigolf On-site minigolf leisure facility at Thon Senter Vestkanten, providing recreational activity for visitors to the center.
• Vestkanten Fysioterapi og Akupunktur On-site physiotherapy and acupuncture clinic at Thon Senter Vestkanten, offering health and wellness services to center visitors.
• Vestkanten Bil & MC-skole On-site car and motorcycle driving school located within Thon Senter Vestkanten, providing driver education services to the local community.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• dittgavekort.nocoreGTM or Marketing PartnerThon Senter Vestkanten participates in the dittgavekort.no gift card network, allowing customers to purchase and redeem gift cards at over 4000 stores across 80+ shopping centers and 70 Thon Hotels. This partnership extends the shopping center's customer reach and provides gift card flexibility for shoppers.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Wallenstam: Swedish property company that develops and manages commercial real estate including retail and shopping center assets in the Nordic region — overlapping tenant base and operational structure with Vestkanten.
• Castellum: Sweden's largest commercial real estate company (which absorbed AMF Fastigheter) with a Nordic retail real estate portfolio — comparable as a large Nordic landlord with shopping center exposure.
• Citycon Oyj: Nordic shopping center specialist owning and operating ~40 community and regional malls across Finland, Sweden, Norway, and Denmark — directly comparable in format, tenant mix, and target customer to Vestkanten.
• Atrium Ljungberg: Swedish real estate company focused on urban retail and mixed-use properties, operating malls and shopping destinations in the Nordic region with comparable tenant mix and operational model.
• Kungsleden: Swedish commercial real estate company with significant retail and shopping center exposure in the Nordics — comparable in scale, regional focus, and property management approach to a Norwegian regional mall.
• Steen & Strøm: Norwegian shopping center operator managing a portfolio of regional and urban malls across Norway, directly competing with Vestkanten As for tenants, shoppers, and landlord economics in the same Norwegian submarket.
• Corem Property Group: Swedish real estate company (formed via merger with Klövern) with a Nordic-focused portfolio of retail and logistics properties — comparable as a Nordic retail real estate operator with similar geographic concentration.

Broad incumbents

• Brookfield Property Partners: Global real estate investor with a large retail portfolio including shopping malls across the Americas, Europe, and Asia — a broader incumbent with similar underlying retail real estate business model.
• Simon Property Group: Largest US shopping center REIT operating malls, premium outlets, and lifestyle centers globally — shares the underlying mall landlord business model but at massive scale and focused on the North American market.
• Unibail-Rodamco-Westfield: Global flagship shopping center owner/operator with major destinations across Europe and the US — comparable in business model (multi-tenant mall landlord) but operates at vastly larger scale and in higher-tier markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/thonsentervestkanten
• LinkedInlinkedin.com/company/vestkanten-as

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 Vestkanten As