What Eidra does

Eidra AS is a commercial and residential property development company headquartered in Drammen, Norway, established in June 2016 and 100% owned by Drammen municipality (formerly operating as Drammen kommune eiendomsutvikling AS / DKEU until its December 2023 rebrand). The company develops mixed-use properties including residential apartments, commercial and industrial facilities, and large-scale urban transformation areas, with a portfolio spanning approximately 12 active projects including Konnerudparken (~300 units in partnership with Gjelsten Bolig), Tangenkaia (~90 da site, 50/50 JV with Bane NOR Eiendom, 20-30 year development horizon with ~1,000 planned units and ~110,000 sqm), Kobbervik Næringspark (industrial/commercial park, 50/50 with Eneo Eiendom), Waagaardsløkka, Rådhuskvartalet Mjøndalen, and Papirbredden (~59,000 sqm mixed-use, 40% stake with Entra ASA). Its technical approach centers on sustainable urban development incorporating BREEAM-NOR and BREEAM In-Use 'Excellent' certifications, FutureBuilt 2.0 climate-friendly standards, district bioenergy heating via shared wood-chip firing, large-scale solar installations (~540,000 kWh/year at Kobbervik), and Energy Class A buildings.

Eidra operates a partner-based development model combining wholly-owned subsidiaries with 50/50 joint ventures and strategic alliances with established Norwegian developers and property owners (Gjelsten Bolig, Eneo Eiendom, Bane NOR Eiendom, NBBO, Stor-Oslo Eiendom, Entra ASA, Strom Gundersen). Revenue is generated through property sales with one-time recognition upon handover (e.g., 142 Konnerudparken apartments delivered 2024, Tesla bilanlegg sold to Nordisk Renting), recurring commercial rental income from long-term tenants (USN lease to 2037 at Papirbredden, Gateway Studios 15-year lease at Skur 7, ABB/Hitachi and various SMB tenants at Kobbervik and Tangenkaia), and project-level returns distributed as dividends to the municipality owner. Eidra Group consolidated revenue grew from 46 MNOK in 2024 to 87 MNOK in 2025, with annual result rising from 28 MNOK to 59 MNOK, total assets of 882 MNOK, an 89.2% equity ratio, and annual dividends of 10-15 MNOK paid to Drammen municipality.

The company serves a hybrid customer base: individual residential apartment buyers across Drammen's demographic segments, commercial tenants in office/retail/studio/industrial space, and joint-venture partners for co-development. Marketing channels include the corporate website (eidra.no), project-specific sites (tangenkaia.no, konnerudparken.no, papirbredden.no), an opt-in newsletter, Facebook and LinkedIn pages, and physical community engagement via the "Garasjen" participation space at Tangenkaia plus membership in the Mjøndalen Områdeforum. Distribution is direct-to-buyer for residential units (often through partner developer sales channels such as Gjelsten Bolig) and direct-leasing for commercial properties. All operations are concentrated within Drammen municipality in Norway.

Name

Eidra

Legal name

Eidra AS

Website

https://dkeu.no

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Eidra AS is a 100% municipally-owned commercial and residential property developer in Drammen, Norway, operating mixed-use and urban transformation projects through joint ventures with established developers, generating revenue from property sales and long-term commercial leasing.

Ownership category

akta.pro rank

Product category

Commercial and Residential Real Estate Development

NAICS

Land Subdivision (2372), Real Estate Property Managers (53131)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Operative Builders (1531)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industries

Master-Planned Community & POA Management (BPAJAHAD), Design-Build / EPC General Contracting (IMAFAAAD)

Keywords

• Commercial real estate development
• Residential property development
• Urban transformation
• Sustainable construction
• Mixed-use development

Headquarters

HQ city

Drammen

HQ country

Norway

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Property Sales: Development and sale of residential units (apartments) to individual buyers and commercial properties to investors. Revenue recognized upon handover/delivery. Examples: Konnerudparken (142 apartments delivered 2024), Kobbervik Næringspark bilanlegg sold to Nordisk Renting AS upon completion.
2. Commercial Property Leasing: Rental income from commercial tenants in owned properties such as Tollboden (office), Skur buildings (warehouse/studio/retail), and Papirbredden (university/campus). Long-term leases with diverse tenants including University of South-Eastern Norway (USN lease to 2037).
3. Joint Development Project Returns: Value creation through urban development projects conducted in 50/50 partnerships. Revenue generated through project margins and dividends to parent municipality. Eidra distributes annual dividends to Drammen municipality.
4. Consolidated Group Revenue: Eidra AS (parent) and six wholly-owned subsidiaries plus four partly-owned companies form the Eidra Group. 2025: Revenue 87 MNOK, annual result 59 MNOK. 2024: Revenue 46 MNOK, result 28 MNOK.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

Eidra develops and manages commercial and residential real estate in Drammen municipality, Norway, as a 100% municipally-owned property developer. The company develops residential housing (apartments, row houses), commercial and industrial properties (office, retail, warehouse, studio, service facilities), and large mixed-use urban transformation districts. Projects range from land acquisition and planning through construction partnerships to leasing/sales of completed units.

Product overview

Eidra is a commercial real estate development company 100% owned by Drammen municipality, operating across residential, commercial, and urban transformation projects. Its portfolio includes residential developments (Konnerudparken ~300 units, Waagaardsløkka ~100 units, Rød Øst–Rød Vest ~200–250 units, Svelvik felt B5 ~60 units, Konnerud B1, Konnerud BS6), commercial properties (Kobbervik Næringspark industrial park, Kreftings gate 33/K33 innovation hub), mixed-use assets (Papirbredden Eiendom 59,000 sqm with university/cultural/commercial), and large-scale urban transformation (Tangenkaia ~90 da with Bane NOR Eiendom). Projects range from early-stage land holdings (Skalstadskogen 600+ units) to completed and sold buildings. Eidra serves as a partner-based developer, co-developing with entities such as Gjelsten Bolig, Eneo Eiendom, NBBO, Entra ASA, and Bane NOR Eiendom.

Differentiator

Problem solved

Functional benefit

Products and services

• Konnerudparken Residential development in Konnerud sentrum, Drammen, comprising approximately 300 residential units across multiple phases, with commercial ground-floor spaces and a public town square. Developed in 50/50 partnership with Gjelsten Bolig AS through Konnerud Utvikling AS.
• Kobbervik Næringspark Industrial and commercial park in Kobbervikdalen, Drammen, featuring a Tesla vehicle service center (BREEAM In-Use Excellent, Energy Class A, large-scale solar installation) and a former ABB/Hitachi ABB Power Grids facility. Developed in 50/50 partnership with Eneo Eiendom AS through K2U.
• Tangenkaia Large-scale urban transformation of a former port area on Strømsø side of Drammenselva into a new city district. Developed jointly with Bane NOR Eiendom through Tangenkaia AS; encompasses approximately 90 da with potential for ~110,000 sqm and ~1,000 homes. Properties include Tollboden, Tollpakkhuset, Skur 1–7, and other heritage buildings. Tenants include Haandbryggeriet, Gateway Studios, Italmarin, and Los & Co.
• Rådhuskvartalet Mjøndalen Urban development project in central Mjøndalen, near the train station, involving detailed regulation for a new municipal administration building and residential development of approximately 170 units in multiple phases.
• Papirbredden Eiendom Mixed-use property portfolio in Grønland, Drammen, comprising approximately 59,000 sqm including university (University of South-Eastern Norway), library, offices, student housing, and Union Scene cultural venue. 40% owned by Eidra, 60% by Entra ASA; anchor USN lease extends to 2037.
• Waagaardsløkka Residential and commercial development on the former hospital site at Bragernes, Drammen, planned for approximately 100 apartments with ground-floor commercial space. Collaboration with Stor-Oslo Eiendom (which owns the majority of the site and plans 1,000+ apartments total).
• Kreftings gate 33 (K33) Innovation-driven commercial development project in Grønland, Drammen. Planned as approximately 30,000 sqm of commercial space over a 5–10 year horizon, targeting BREEAM Excellent certification and FutureBuilt candidate status.
• Rød Øst – Rød Vest (Steinbruddet) Residential development on Gulskogen, Drammen, in collaboration with NBBO Utbygging AS through 50/50 plansamarbeid. Planned for approximately 200–250 residential units (apartments, row houses, terraced houses) across 24,000 sqm.
• Svelvik felt B5 Residential development in Svelvik with approximately 60 apartments in three blocks on a sloped site overlooking Svelvik and Drammensfjorden.
• Tollboden office rental All-inclusive office rental at Tollboden on Tangenkaia, including furnished workspace, wifi, meeting rooms, kitchen, parking, and cleaning. Managed via Proptimize property advisor.

Quantifiable outcome

• Over 200 jobs created at Kobbervik Næringspark alone (ABB/Hitachi + Tesla)
• +4 more outcomes

Named customers10 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

Feature4 records

Partnerships

Ten partnerships are on record, tiered minor, major and core.

• Mjøndalen OmrådeforumminorGTM or Marketing Partner · 17 September 2025Eidra joined Mjøndalen Områdeforum (part of Mjøndalen Handel- og Serviceforening) in 2025. The forum coordinates property developers in Mjøndalen for holistic urban development. Eidra participates alongside 6-7 other developers.
• NBBO (NBBO Utbygging AS)majorStrategic or Co-development Partner · 1 January 202450/50 plansamarbeid (planning collaboration) with NBBO for development of Rød Øst and Rød Vest on Gulskogen. ~24,000 sqm site planned for ~200-250 apartments. Planning application submitted December 2024.
• Stor-Oslo EiendommajorStrategic or Co-development Partner · 1 January 2024Collaboration with Stor-Oslo Eiendom on Waagaardsløkka development at the former hospital site on Bragernes. Stor-Oslo Eiendom owns the majority of the site and plans 1,000+ apartments. Eidra owns a smaller portion for ~100 apartments plus commercial ground floor. Area plan approved February 2026.
• Strom Gundersen ASminorImplementation/ SI/ Consulting Partner · 1 January 2024Construction contractor for the renovation of Skur 7 at Tangenkaia into Gateway Studios. Project led by Kristin Ask-Henriksen as project manager. Renovation completed May 2024.
• Gateway Studios (Gateway Studios AS)coreGTM or Marketing Partner · 5 May 202315-year lease agreement for Skur 7 at Tangenkaia (approximately 3,000 sqm) as a high-tech film and TV production studio with LED volume. Opened June 2024. Gateway also leases Havnegata 33 offices. Gateway Studios is jointly owned by Stykket Holding, H3 Arena, and Kurder King Production.
• Eneo Eiendom AScoreStrategic or Co-development Partner · 25 November 202050/50 partnership (Kobbervikdalen 2 Utvikling AS / K2U) with Eneo Eiendom for Kobbervik Næringspark building stage 2. Eneo invested in the project and brought industry client network. Tesla bilanlegg delivered April 2024. The development company (K2U) with the property and lease was sold to Nordisk Renting AS upon completion.
• Bane NOR Eiendom AScoreStrategic or Co-development Partner · 26 June 2020Eidra and Bane NOR Eiendom formed a 50/50 joint venture (Tangenkaia AS / Tangenkaia Eiendom AS) in June 2020 to develop approximately 90-100 da of the Tangenkaia area into a new urban district with ~1,000 apartments and commercial space. This is Eidra's flagship urban transformation project, with a 20-30 year development vision. All properties have been transferred to the joint Tangenkaia AS company in 2025.
• Gjelsten Bolig AS (formerly Profier)coreStrategic or Co-development Partner · 1 January 201950/50 partnership through Konnerud Utvikling AS to develop Konnerudparken — approximately 300 apartments plus commercial space on 14 da in Konnerud sentrum. First tranche (142 apartments) delivered summer 2024. Gjelsten Bolig leads sales and execution; Eidra is active owner with project manager and board chair.
• Entra ASAcoreStrategic or Co-development Partner · 1 January 2017Papirbredden Eiendom AS is 60% owned by Entra ASA and 40% by Eidra. Properties include Papirbredden 1, 2, 3 (university/campus/kontor), Fyrhuset, Union Scene (cultural), and Kreftings gate 33 (under development). Total ~59,000 sqm. University of South-Eastern Norway is anchor tenant with lease to 2037.
• Drammen HavnminorStrategic or Co-development Partner · 1 January 2017Drammen Havn vacated Tangenkaia to Holmen, enabling Eidra and Bane NOR Eiendom to take over the area for urban development. Skur 1 (100-year-old warehouse) is managed by Drammen Havn and operated as a maritime events venue.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Gjelsten Bolig AS: Norwegian residential property developer that is Eidra's 50/50 JV partner in Konnerudparken (~300 units). Directly comparable business model: residential development with partnered land owners in the greater Oslo/Drammen region.
• Bane NOR Eiendom AS: State-owned railway property developer and Eidra's 50/50 partner in the Tangenkaia urban transformation JV. Comparable as a public-sector real estate developer transforming large Norwegian sites into mixed-use districts.
• Eneo Eiendom AS: Industrial and commercial property developer and Eidra's 50/50 JV partner in Kobbervik Næringspark. Comparable as a developer of industrial/commercial parks serving enterprise tenants such as ABB and Tesla.
• NBBO Utbygging AS: Norwegian residential developer in50/50 planning collaboration with Eidra on Rød Øst and Rød Vest (~200–250 units on Gulskogen). Comparable as a residential apartment developer active in the Drammen region.
• Stor-Oslo Eiendom AS: Oslo-area residential and commercial developer collaborating with Eidra on the Waagaardsløkka development (~100 apartments + ground-floor commercial). Comparable as a JV partner in residential/mixed-use urban regeneration projects.

Broad incumbents

• Entra ASA: Major Norwegian commercial real estate company and Eidra's 60/40 JV partner in Papirbredden Eiendom (university campus + cultural + office). Comparable as a large-scale owner/developer of commercial and mixed-use properties in Norway.
• OBOS: Norway's largest housing cooperative and residential developer. Comparable in residential development and urban transformation, though at much greater scale and with a national footprint.
• JM Norge AS: Leading Scandinavian residential homebuilder with a strong Norwegian presence (acquired Torsbergskogen from Eidra in 2018). Comparable as a residential developer building new homes in Norwegian urban markets.
• Aspelin Ramm AS: Norwegian commercial and residential real estate developer behind major urban regeneration projects. Comparable as a developer of mixed-use urban districts and partner-led residential/commercial schemes.
• Veidekke Eiendom AS: Norwegian construction and property development group with residential and commercial development arms across Norway. Comparable as a large-scale developer operating across residential, commercial, and urban regeneration segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/eidra.drammen
• LinkedInlinkedin.com/company/eidra

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries14 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 Eidra