Bane NOR Eiendom - A Brief Presentation

Bane NOR Eiendom is one of Norway’s main Property Managers and Developers. The company owns, manages, operates and develop railway related properties and hubs.

A leading property company

Bane NOR Eiendom owns, develops and manages all railway property in Norway, and is the country's leading hub developer and an important stakeholder in the development of public spaces and urban areas.

We are active in every phase of the value chain, from project development and building to operation and management. The company’s property portfolio ranges from office and commercial premises, shopping centres, school buildings and workshops, to railway stations and various operational buildings.

Its unique portfolio of centrally located properties means Bane NOR Eiendom plays an important role in society. By developing public transportation hubs with housing, workplaces and services, Bane NOR Eiendom is helping to ensure that more people choose to travel by public transport and thus contributing to a more sustainable population growth.

Bane NOR Eiendom 

The Bane NOR Eiendom Group is wholly owned by Bane NOR SF and consists of Bane NOR Eiendom, its subsidiaries, and single purpose companies. Bane NOR Eiendom’s head office is in Oslo and has regional offices in Kristiansand, Stavanger, Bergen, Skien and Trondheim.

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Business Concept

Bane NOR Eiendom’s mission is to create value for its owners and the society through long term development and management of property.

Bane NOR Eiendom develops attractive and efficient public transportation hubs, ensuring more people to choose to travel by public transport.

Property development

Its unique portfolio of centrally located properties means Bane NOR Eiendom plays an important role in society. By developing public transportation hubs with housing, workplaces and services, Bane NOR Eiendom helps to ensure more people to choose public transportation and thus contributing to a more sustainable population growth.

The development potential of the portfolio is estimated to be 2 million square metres. Bane NOR Eiendom plays an active role in every phase of the project development and operates around hundred projects.

BREEAM

Bane NOR Eiendom has ambitious environmental goals of achieving BREEAM-NOR “Excellent” and/or energy class A certification for all of our new buildings. Our head quarter was Norway’s first commercial building with this certification.

Kjelsås stasjon. Foto Sune Eriksen

Ownership

Bane NOR Eiendom AS is a wholly owned subsidiary of Bane NOR SF, which in turn is wholly owned by the Ministry of Transportation and Communication. The Bane NOR Group develop, manage and own all railway infrastructure in Norway, including railway tracks and tunnels.

Bane NOR Eiendom Group consists of Bane NOR Eiendom, its subsidiaries and single purpose companies. Bane NOR Eiendom’s head office is in Oslo with regional offices in Kristiansand, Stavanger, Bergen, Skien and Trondheim.

Key facts, 2018

  • Number of properties and plots: 4.500
  • Number of buildings: 1.660
  • Including railway stations and stops: 335
  • Number of lease contracts: 2.340
  • Lettable spaces: 710.000 sqm
  • Rentals: NOK 739.000.000
  • Base area: 140.000.000 sqm
  • Number of employees: 200
  • Development potential in existing portfolio: approx. 2 mill sqm
  • Portfolio value*: NOK 16,2 bn
  • Yearly investment level*: NOK 1.2 bn 
  • Earnings before tax 2018*: NOK 1.42 bn 

*) Only values from Bane NOR Eiendom AS

2018 Annual Report and valuation

Utsikt fra gangbro over Oslo S.
Flirt på Oslo S og Barcode i bakgrunnen
Photo: Hilde Lillejord
Photo: Sune Eriksen (white background) and Terje Borud

Management at Bane NOR Property

Top, left:

Jon-Erik Lunøe (CEO), Jørn Seljelid (Business Development), Kristin Paus (Communication), Knut Øivind Ruud Johansen (Stations) and Tine Wenner (HR)

Bottom, left:

Morten Austestad (Projects), Sjur Helseth (Concepts), Morten Floberghagen (Railway Property), Espen Wikerholmen (Economy) and Jørn Johansen (Workshops)