Fredensborg is a real estate company with housing and holiday home as a product, Europe as a market and private individuals in focus.

Fredensborg is an active, industrial and value-based owner with a long-term horizon. We strive to choose good and long-term solutions for people and investments.



Quality Living in Friendly Homes.


We care about and respect our co-workers, customers, partners and the society we live in. We find sustainable solutions for people and buildings that ensure a long term society and environment. We work as a team and always look out for one another. Together we have no boundaries to what we can achieve.


We dare to think way out of the box. We always look for better ways to do what we do. We encourage diversity, open minds and new ideas. We are passionate and dedicated to our mission.


We are authentic, transparent and honest in our communication and take responsibility for our actions. We help each other grow and willingly share our knowledge and experience. We stay true to our promises.

Key figures for Fredensborg Group as of September 30th, 2018


Real estate asset value (bn NOK)²

88 888

Apartments for rent


Value adjusted equity (bn NOK)


Net LTV (%)


Revenue (bn NOK)




Yield (%)

8 888

Housing units under development

888 888

Square meters


Vacancy (%)


Book value equity (bn NOK)


Cash and cash equivalents (bn NOK)


Gross LTV (%)


Unused draw facilities (bn NOK)




Absence (%)

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All properties for rent and all rental activities in Europe, as well as housing development in Sweden, are gathered in the subsidiary Heimstaden AB with headquarters in Malmö.

Approximately 450 employees work in the operating companies. The properties are gathered in Heimstaden Bostad AB, which is owned by Heimstaden AB (65%) and the pension funds Alecta (31%), Ericsson (3%) and Sandvik (1%).

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Fredensborg Bolig

Fredensborg Bolig AS is owned 50/50 by Fredensborg and Tollef Svenkerud, through Hågeberg AS.

Our ambition is ambitious and powerful – Fredensborg Bolig shall be one of Norway’s leading housing developers, both on quality and eventually also on volume.

The company buys and develops projects throughout Norway, and develops Heimstaden’s existing newbuilding projects in Norway.

Fredensborg Bolig currently has close to 5,000 homes under regulation and development.

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Utleiemegleren is Norway’s largest brokerage company for rental and management of homes for private and corporate customers, with approx. 12,000 homes in its portfolio.

The company was founded in 1995 and has offices in Bergen, Trondheim, Stavanger, Lillestrøm, Drammen, Moss, Lysaker, and five offices in Oslo.

Fredensborg owns 50% of Utleiemegleren.

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Fredensborg Leisure

All activities related to leisure time are gathered in Fredensborg Leisure. The portfolio consists mainly of four major destinations: Geilo, Kragerø, Turufjell (Flå) and Norefjell. Approximately 400 employees work in the operating companies distributed among the four destinations. Fredensborg Fritid has a land bank of about 7000 holiday homes, in addition to resorts, hotels, restaurants, marinas etc.

Fredensborg Fritid will deliver local leisure experiences of world class. The company is managed by Andreas Martinussen.

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Other investments

Non-controlling interests in companies related to our core business


Board of Directors


Ivar Tollefsen

Chairman of the Board


Ole Ruch

Board member


John Giverholt

Board member


Nick Tollefsen

Board member