The Arendal Fossekompani portfolio of properties include an urban development project, an airport and center for aviation, and some stand-alone properties.
The portfolio of AFK Property is diverse. It includes the development of a new urban residential area in Arendal, featuring an outdoor recreational space and a public water park – and the management of several properties in Southern Norway.
The largest company in the property portfolio is Vindholmen Eiendom, which is transforming an old shipyard area into a new urban residential and commercial zone under the name Bryggebyen. The transformation will take 10-15 years to complete and will create 500-700 residential units in combination with exciting trade and commerce offerings.
Read more about Bryggebyen HERE
AFK Property is the majority owner of Gullknapp, which comprises an airport and an attractive 200,000 sqm industrial and commercial area. The main user of the airport facility is OSM Aviation Academy which runs a pilot school on the premises.
Read more about Gullknapp Aerial center HERE
In June 2024, the Ministry of Local Government and Regional Development approved the designation by Froland municipality of a 1,600-dekar area at Bøylestad for industrial purposes. The site is one of the most important power hubs in the South of Norway which makes this area attractive for energy-intensive industries. The ministry has also emphasized the municipality’s commitment to securing land for green industies and fostering local employment opportunities. With a long-term and responsible perspective, AFK Property will work with local stakeholders to make a sustainable plan for the development of Bøylestad Energipark.
Bølevegen 4
This property was acquired in 2020 and is located along the Skien River, just one kilometer south of downtown Skien. The 4,700 sqm building is fully lent to Arendals Fossekompani’s portfolio company, ENRX, on a 15-year bare-house agreement. In March, AFK Property finalized the construction of an additional 2,500 sqm of new office, production and storage space. As the city of Skien expands, this 12,000 sqm riverfront property will be attractive both for commercial and residential development.
Longum Property
This 170,000 sqm property is located outside Arendal, close to the E18 highway and the main production site of the Morrow Batteries factory. In Q2 2024, it was announced that AFK Property will build and lease new production facilities for Kitron. The new industrial building will be approximately 7,500 sqm and is expected to be completed during the first half of 2026.
Bedriftsveien 17
Bedriftsveien 17 is located in the middle of the emerging commercial area Krøgenes, three kilometers east of downtown Arendal. The 3,500 sqm building has been completely refurbished and is now fully let to Volue Industrial IoT on a 25-year bare-house agreement. The area has grown in attractiveness following the completion of a new feed-in road to the E18 highway.
