MNG Holding Bergen AS

What MNG Holding Bergen AS does

MNG Holding Bergen AS is a family-owned property holding company headquartered in Bergen, Norway, focused on the direct rental of residential and commercial real estate in the Bergen metropolitan area and selected outlying locations including Voss, Sandsli, Laksevåg, Godvik, and Espehaugen. The commercial portfolio comprises roughly 50,000 square meters across nine properties, anchored by Allehelgensgate 2 (13,000 sqm, 9 floors, in central Bergen), Kaigaten 4 (7,300 sqm, fully leased to Bergen municipality), Espehaugen 32 (11,241 sqm), Leirvikåsen 51 (6,200 sqm), and Johan Berentsensvei 4 (5,104 sqm). The residential portfolio comprises approximately 80 apartments across three blocks, notably Jonas Reinsgate 3 (48 apartments) and Welhavensgate (14 apartments). The group operates through eleven wholly-owned SPV subsidiaries, each named after the property it owns (e.g., MNG Allehelgensgate 2 AS, MNG Jonas Reinsgate 3 AS), enabling ring-fenced ownership and asset-level financing.

The business model is straightforward, recurring rental income across two streams: commercial leases to businesses and institutions (with named enterprise tenants including Bergen kommune, Rema 1000, Elkjøp, Brødrene Dahl, and Rentokil Initial) and residential leases to individuals and families. Distribution is primarily direct via the company website, contact forms, and in-house operations managers (Driftsledere) assigned per property; WPS Næringsmegling serves as external broker for select commercial listings. Value-added tenant services — including Søtt & Salt restaurant at Allehelgensgate 2, Toma cafeteria at Espehaugen 32, Tesla charging at Voss, and bicycle/locker facilities — support positioning as a service-oriented long-term landlord.

The company is privately held with no disclosed external investors, has 1-10 employees, and is led by Managing Director Geir Paulsen alongside a small management team covering marketing, accounting, and operations. Pricing is not publicly disclosed; lease quotes are provided on direct inquiry. The company shows no proprietary technology platform, no AI or digital tooling, and standard WordPress-based web presence. Strategic activity has centered on property renovation cycles (Welhavensgate 2010, Allehelgensgate 2 2013, Kaigaten 4 2016), formalization of the SPV structure since 2018, and incremental geographic expansion within the Bergen region.

Name

MNG Holding Bergen AS

Legal name

MNG Holding AS

Website

https://mngholding.no

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

MNG Holding Bergen AS is a family-owned Norwegian real estate holding company that leases commercial and residential properties — approximately 50,000 sqm of commercial space and 80 apartments — in Bergen and surrounding areas through eleven wholly-owned subsidiaries.

Ownership category

akta.pro rank

Headquarters

HQ city

Bergen

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure

Revenue model

1. Commercial Property Rental: Rental income from commercial properties including offices, retail spaces, and warehouses across Bergen area. Properties include Allehelgensgate 2 (13,000 sqm), Kaigaten 4 (7,300 sqm), Espehaugen 32 (11,241 sqm), Johan Berentsensvei 4 (5,104 sqm), Leirvikåsen 51 (6,200 sqm), Leirvikflaten 17c (1,300 sqm), Torvallmenningen 9 (2,355 sqm), Kaigaten 8 (520 sqm), and Strandavegen 335 Voss (3,117 sqm).
2. Residential Property Rental: Rental income from approximately 80 residential units including apartments at Jonas Reinsgate 3 (48 apartments, 5,500 sqm), Welhavensgate (14 apartments, 1,000 sqm), and Saksarlia.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

MNG Holding Bergen AS is a family-owned property company that directly leases residential and commercial premises in the Bergen area of Norway. The commercial portfolio includes offices, retail, and warehouse properties totaling roughly 50,000 sqm across buildings such as Allehelgensgate 2, Kaigaten 4, Espehaugen 32, and several others. The residential portfolio comprises approximately 80 apartments across three buildings, including Jonas Reinsgate 3 (48 apartments) and Welhavensgate (14 apartments).

Product overview

MNG Holding Bergen AS operates as a property rental company offering two main product lines: commercial properties (næringseiendommer) and residential properties (boligeiendommer). The commercial portfolio includes centrally located office buildings in Bergen city center, ranging from 520 sqm to 13,000 sqm, with properties such as Allehelgensgate 2, Kaigaten 4, and Espehaugen 32. The residential portfolio comprises approximately 80 apartments across three buildings, including Jonas Reinsgate with 48 units and Welhavensgate with 14 renovated units. Additional services include building amenities like in-house restaurants, bicycle parking, and property management support.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Properties (Næringseiendommer) Rental of commercial properties including office, retail, and industrial/warehouse spaces across the Bergen area. Properties include Torvallmenningen 9 (2,355 sqm), Espehaugen 32 (11,241 sqm), Allehelgensgate 2 (13,000 sqm, 9 floors), Kaigaten 4 (7,300 sqm), Kaigaten 8 (520 sqm), Johan Berentsensvei 4 (5,104 sqm), Strandavegen 335 Voss (3,117 sqm), Leirvikåsen 51 Godvik (6,200 sqm), and Leirvikflaten 17c Godvik (1,300 sqm). Customers include businesses and government tenants such as Bergen kommune, Rema 1000, Elkjøp, Brødrene Dahl, and Rentokil Initial AS.
• Residential Properties (Boligeiendommer) Rental of approximately 80 residential apartments across Bergen for individuals and families. Properties include Jonas Reinsgate 3 (5,500 sqm, 48 apartments with rooftop terrace), Welhavensgate (1,000 sqm, 14 apartments, renovated 2010), and Saksarlia 4 (apartments near business area with elevator). Includes family-friendly apartments in desirable Bergen locations.

Quantifiable outcome

• Dedicated operations managers assigned to each property for tenant support

Named customers6 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered minor.

• WPS NæringsmeglingminorChannel Partner/ Reseller/ DistributorWPS Næringsmegling serves as a commercial real estate broker for MNG Holding, listing and marketing commercial properties such as Allehelgensgate 2. Contact: Fredrik Stenevik.
• Søtt & SaltminorStrategic or Co-development PartnerSøtt & Salt operates the restaurant 'Lunsj?' in Allehelgensgate 2 building (2nd floor) and provides catering for evening and weekend events. They also provide food for events at this location.
• TomaminorStrategic or Co-development PartnerToma operates the cafeteria at Espehaugen 32, providing food services to tenants and employees in the building.
• MistrolminorOthersMistrol collaborated with MNG Holding and Wallx on artwork installation at Espehaugen 32, printing images directly onto walls in the building.
• WallxminorOthersWallx collaborated with MNG Holding and Mistrol on artwork installation at Espehaugen 32, printing images directly onto walls in the building.
• Adecco SelectminorImplementation/ SI/ Consulting PartnerAdecco Select (recruitment agency) assists MNG Holding with hiring processes, specifically for positions such as 'Økonomiansvarlig' (Finance Manager). Contact: Katrine Grotle.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Entra ASA: Listed Norwegian commercial real estate company specializing in office properties. Comparable to MNG's commercial property operations but at substantially larger scale and with a publicly-listed, institutional shareholder base.
• OBOS: Norwegian residential property cooperative with development and rental operations. Comparable to MNG's residential holdings but operates nationally and at substantially larger scale, focused on the Oslo region.
• Norwegian Property ASA: Norwegian commercial real estate company focused on prime office properties in Oslo. Comparable to MNG's office leasing operations but concentrated in Oslo rather than Bergen and operating at a larger institutional scale.
• Olav Thon Gruppen: Large Norwegian family-owned real estate conglomerate with commercial and residential properties across Norway. Comparable business model (family-owned real estate operator) but at vastly greater scale and geographic diversification.
• Steen & Strøm: Norwegian commercial real estate company focused on retail and office properties. Comparable to MNG's commercial property leasing model but with a portfolio of large shopping centers and institutional ownership.
• KLP Eiendom: One of Norway's largest real estate companies, owned by KLP pension fund. Comparable to MNG's commercial property portfolio but operates at institutional scale with significantly larger AUM and broader geographic footprint.
• Heimstaden: Swedish residential real estate company with operations across Northern Europe. Comparable to MNG's residential holdings but operates at much larger institutional scale with multi-country footprint.

Direct peers

• Ragde Property: Norwegian family-owned commercial real estate company with properties in Bergen and other Norwegian cities. Directly comparable to MNG in scale, ownership structure, and geographic focus, with a similar strategy of leasing stabilized commercial properties.
• Malling & Co: Norwegian commercial real estate company with a focus on prime office properties in Bergen and Oslo. Directly comparable to MNG's commercial property operations in Bergen, with overlapping geographic presence and tenant types.

Regional players

• Bane NOR Eiendom: Norwegian state-owned real estate company managing railway-adjacent properties. Comparable to MNG's location-advantage strategy (transport-accessible properties) but owned by the Norwegian state and operated at a larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mng-holding-bergen-as

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries11 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 MNG Holding Bergen AS